Investment Strategy

[Singo]

Sorry, I disagree... but only because you didn't mention "plus offset account"

Haha. Yep. Interest only with offset account!

 

[JustaDreamer]

It sounds good nhg but if one has to wait for long it can harm. A mate bought a house in enfield in Adelaide before 3 years and there has been hardly any growth on it.

Now I can go and buy a property in same suburb at price close to what he paid without paying interest for 3 years.

Yeah I bought a house in Morphett Vale 6 years ago and I think its still worth what I paid for it today.

 

[D.T.]

Yeah I bought a house in Morphett Vale 6 years ago and I think its still worth what I paid for it today.

In 2008? What size house / block and how much?

 

[JustaDreamer]

In 2008? What size house / block and how much?

3 by 1 the block about 500 - 600 cant remember I paid 300k for it maybe I overpaid its rented out for 310 p/w

but just bought another one settlement was meant to be today but has been delayed 10 mins down the road still in Morphett Vale for 305k 3 by 2 700sqm block and that will be rented out for 340p/w.

total debt 530k rental 650p/w still paying for themselves.