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Correct! ;)

Nah, keep the wine, but I'll have the odd Bailey's.

Haha, I'm aware of this, but thought it a good time to mention it.:D

The thing to note, moving forward, is that your income should move at a greater rate to CPI. For instance, in a job, if you are on $100k, you might get a 3% rise each year. With property, your income rises along with rent rises, but your debt on each one doesn't, so your expenditure, in...

Grrr....you made me get my spreadsheet and a calculator out. Damn you!:D I reckon 1% is a bit light on. Looking at a cross section of my own, I work it to be from 1.3% to just over 2% depending on the property. It all depends on the value of the property and the value of the expenses. In...

It does look nice, that one, so if yours comes up anything like that, it will be lovely.

I'm a Wollongong girl. Moved to Western Sydney some 17 odd years ago. I can't really name a lot of Sydney's beaches but I know all of them down South.

Hehe, that's OK.

I think what Rick is trying to say is that in 10 years time his debt will be $2,610,000. If the loan interest on this amount is 6.5%, and he is getting 5% yield from his properties, then the financial situation will look like this: Rental income: $400,000 Interest Paid: $169,650 Equals...

LOL! Embarrassingly, I had to look up on a map to even know where Balmoral was.:o I'm making some presumptions here, since I probably wasn't even around when Balmoral came into being. It is my understanding that much of Bankstown is made up of post war dwellings, very much on the...

Playing devil's advocate, there's nothing wrong with selling some & taking some money off the table, especially if what you are selling is coming from a heated market & re-investing into a warming market. Of course, you cop all the fees by doing this, but, if serviceability is an issue, this...

Hehe, Hubby is on 6 figures nowadays too, & has been for probably the last 8 years, but prior to that, we were well below the average, so unlike a lot of others our age, we don't have a lot of Super, so this is it for us. I've always strived to cut expenses as soon as possible too, because the...

See, this is where we differ. From my perspective, blue chips come at a hefty price tag. So you end up with a large land tax bill. You also sacrifice yield, and I'm a yield kinda girl. Of course, you've probably got an income that can easily afford this, but I never really got over the...

Not exactly. I was implying that my Sydney properties may be getting a similar amount of CG, but with a higher yield. I also said that what suits me, may not suit someone else. What I said was That's right! With this, I am referring to my Sydney properties only. I do have other's that...

Let me give you a different viewpoint. Again, there's some generalisations here, but look at it with an open mind. Of course, we all come into this with different circumstances, so what suits me, may not suit you. Anyway...... I look at it this way. You can buy your one $400k property...

Very hard to say without knowing the details of your portfolio, but I would look at removing all non-deductable debt, including no debt on a PPOR before I even looked at retiring.

Takes no time at all, really. Hubby put in for holidays and was denied them. It's only a small Company & the second in charge told him that he couldn't have them because it wasn't convenient, and that there's not a lot of work on, but he wasn't worried, because unlike him (Hubby) he has a...

Hehe, no! Selling a couple and keeping some funds available for the inevitable decline in values.;)

Our first one was in 1998, but we didn't buy again until 2003, and had a few setbacks along the way. Being on a low income at the time, we had no option other than to look for high yielding properties. It worked, so continued along this path, long after getting a much higher income. We are...

I'm not disagreeing with you Sash. If you read through what I've said, I am AGREEING with you. To me, it all sounds good in theory, until you get to the 10 year mark & you need to draw down more equity. If you don't have the serviceability, you won't get the money. Now....you could get a...