Recent content by chook77

Thanks heaps for your help, I will get on the phone now to them!:)

Thanks for your response Aaron. The bank is St George and we are now on a 7.19% interest rate.

Hi I have a question regarding an IP loan. We have just come out of a 5 year fixed, interest only period and the bank has said our loan agreement is that now we pay a variable rate and interest and principal. We were just wondering if this was the best option or should we change loans...

Thanks heaps for the advice, we really appreciate it!!:)

Yes and Yes, the 120,000 is sitting in the IP loan not in an offset. We won't be buying another IP for a few years. So are we best just to leave the 120,000 where it is. We got thinking about it, because someone told us that it is best to increase the debt on your IP loan and decrease the...

Thanks Brett, We are a bit new to investing so are still getting our heads around it! So, are you saying because that 120,000 was a deposit we can't touch it? Thanks

Hi Rolf, So why can't we do it??

Hi, Sorry, here are more details.... The property investment with NAB we bought for $360,000 and put a $120,000 deposit on it and are paying interest only. The investment property with another bank, we bought was $300,00 and we put a 130,000 deposit on it and are paying interest only...

Hi, We have an investment property and PPOR property with NAB and another investment property with another bank. We used the equity in the NAB investment property as a deposit for our PPOR, so we have borrowed 100%. We have a $120000 deposit in the NAB investment property. Our question...

Using the same bank for two IPs?? Hi, We need some advice, and we have always found advice from this forum really helpful! We are about to buy a PPOR and we have two IPs. WE have one IP with St George and one with Suncorp. We are going with NAB for the PPOR, as we can get an army loan through...

Just found out from real estate agent that they need to give them 30 days from the date the contract goes unconditional.

Really?? I didn't know that! So is it 60 days from the settlement date or can we give them notice once it goes unconditional? And what about the vacancy inspections, bond retrieval etc., will the real estate agent do that on our behalf, since it will then be our property when they vacate...

Thanks, they are a bit dodgy, so could be risky. If it was only a month, would there be any negative tax implications?

Hi, We have bought a property that we are going live in. However we do not want to move into the property until early July at the earliest. We already have a long settlement until the 21st June. There are tenants in the property at the moment. My questions is this....Would there be any...

what to do with the 80K?? Thanks Everyone, I think from the advice it would be safer to wait till I'm closer to going back to work, or find a positive geared place,.....or, if I take "modern woman's" advice, kick my hubby up the bum and get rid of the kids. Thanks for the advice about not...