Recent content by bumbles

In the not sure if this is possible but just a thought universe. Don't get ya knickers in a knot.

How much money can you save in a year while you wait for the fixed period on your AMP mortgage to end?? If you refinance up to a 95% LVR (from 75%) then that's 20ppts diff giving you access to another .2 * Property value (call this "Y"). Call your year of savings "S". Call the cost of the...

If I may argue semantics for a moment: Rooster - if you read your wiki article you would have found that it says "In Australia and New Zealand, the term "terrace house" refers almost exclusively to Victorian and Edwardian era terraces" Okay. I'm done.

Hey Dave It may be possible to do an inspecie transfer if you're staying in the same fund and that fund is with a single manager. I'm going to guess you're in a multi manager fund though. Mind me asking which? As for entry and exit fees, I didn't know they had any. I've never heard of both...

I used to work in a role where I would use a credit check provider (veda) and we would only be looking for defaults on loans or obligations. There is no rule against having many different bank accounts.

Yes, this works. I have been doing it since I was in high school. In fact, I have a NetbankSaver (with CBA) and the other day I realised they were offering a bonus .25% interest to new customers. I opened a new NetBankSaver account online and transferred the money in. I now earn the extra...

Thanks guys. I should have clearly stated that this investment property will be designated as my PPOR. I don't believe that not living there for over 6 years forfeits the entire exemption, it's just that the exemption only applies to the 6 year period and the portion of ownership over the 6...

Hi all I'm a potential first time property investor looking to get some clarification on the six year rule. Essentially, my question is this: What is considered by the ATO as a good reason to move out of your PPOR and rent it out? The ATO give an example - Moving from your main...

Nice spreadsheet. Thumbs up to being from the inner west too :)

I will admit that I'm hairier than most but I'm no Gorilla. I merely believe that this "square peg" formula only fits a few square holes and not the wide spectrum of incomes, ages, length of retirements etc that people would want to use it for. My preference would be to work out how much you...

Daniellee, I don't see reason for you to be concerned due to a formula alone. Also I don't think the way you have employed the formula is mathematically correct. If you calculate the formula for your partner and yourself individually and then compare it to your calc of 793k, I think you'll...