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  • ...JD TUNING ADELAIDE...
  • Gold Donating Members
  • Member For: 16y 11m
  • Gender: Male
  • Location: Adelaide

LoL was quoting above's outlook but put my own spin on it sorry don

I mean "valuable tenants" ;)

Edited by JETURBO
  • Like 1
  • My new toy
  • Lifetime Members
  • Member For: 22y 9d
  • Gender: Male
  • Location: stanthorpe wine capital of qld.

We have 2 houses one is the self managed super fund. owned outright by the fund. rented out returning close to 20% on cost of home.
The second is rented out and now is repaying its loan at the rate of 1.5 times the monthly repayments.
As we don't like either town that they are in we rent a house but have real cheap rent so it is better for us to do that.
sounds strange to rent when you own a house but we can get more rent for the house then we have to pay for the one we are in. so basically we have 2 houses that don't cost us a cent. they are more then paying for themselves.


  • My new toy
  • Lifetime Members
  • Member For: 22y 9d
  • Gender: Male
  • Location: stanthorpe wine capital of qld.

mind you we still both work 40 to 50 hours a week each. but we also love to travel so we enjoy life now.

  • All stock bar the k&n panel filter
  • Silver Donating Members
  • Member For: 13y 1m 18d
  • Gender: Male
  • Location: Perth

That's the definition of livin' the dream Goldie!

I'd be less concerned if I hadn't just bought a new car and sofa...but oh well, that's life I guess. Payments will probably be double the rent I'm currently paying, but that's split with a housemate...so probably only cost me an extra $100-$200 a week to own my own place than rent by myself.

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