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  1. start-up

    1st IP: unit in Melb or house in Bris..

    After considering the 'Paying Down Strategy' I'm going to err on the conservative side and put all my cash into the one IP for a year or three, so I can comfortably avoid LMI. Marg - you're right I am eligible for rental assistance, has been very handy over the last couple of years.
  2. start-up

    1st IP: unit in Melb or house in Bris..

    That's fantastic info vbplease. I had heard of offset accounts but I had not recognised that it was clearly the best place for additional savings. Based on your handy calculations there is no way I would bet on making more than 11% p.a. on say a share portfolio (particularly when planning on...
  3. start-up

    1st IP: unit in Melb or house in Bris..

    Thanks very much for the replies Spiderman and vbplease. I believe the unit falls into the advantageous category you outlined, its 200k cheaper than 2 bedroom homes for sale in the area, and well priced against older units in the area too. Your point on old vs new in relation to capital...
  4. start-up

    1st IP: unit in Melb or house in Bris..

    Hi everyone! I’ve been lurking around here for a few days soaking up as much information as possible, in the months I’ve been researching property this forum is the best resource I’ve found. Terrific website. Here’s my situation. I’m currently deployed in Afghanistan with the defence force...
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