Recent content by rizzle

My lender (BankWest) will charge an extra .1% on the interest rate to switch my PPOR mortgage to I/O (which equates to approx $400 a year). Still worth it Jamie? (yes I'm a disciplined saver and yes I will be investing in under 5 years time)

Thanks all, savings it is. I already have an offset set up so will now focus on increasing income.

I missed this Peter - is it available for download anywhere?

All else being equal, for someone looking to get an IP under their belt in the next couple of years. What are the arguments for ploughing as much salary as possible into savings vs. doing more PPOR renos and tapping into the additional equity that is created as a result? I'm faced with the...

Faaaaaark off BankWest :(

Thanks guys - patience is not my strong suit. It's good to get some external perspective on my petty problems.

PPOR. A couple of problems: Should not have gone with BankWest in the first place given my goals Loan is P&I when I should have gone IO (lesson learned too late) Additional LMI costs if a refinance away from them

I'm with BankWest at approx. 87% LVR w/ P&I rpayments. A bit disappointed with the .17 rate cut. Been wanting to get onto an IO loan for a while now - I guess there is no scenario where that is viable though with the extra LMI costs that I would occur? EDIT: If I refinanced away from BW.

Am I reading this right: http://www.bankwest.com.au/media-centre/media-releases/bankwests-lowest-home-loan-standard-variable-rate-in-30-years-1292526493738 Bankwest only passing on .17 of the RBA cut? :confused: I love the way they try to put a positive spin on it: the lowest Bankwest SVR...

http://www.businessinsider.com.au/heres-your-10-second-guide-to-todays-rba-rate-decision-2015-5 23 of 27 economists polled by Bloomberg expect a 0.25% cut. Three of Australia?s big four banks expect a rate cut. NAB is only major forecasting rates to be left unchanged. Cash rate futures...

How are the yields in Newcastle compared to other large regional areas (100K+)?

Will a weakening AUD expedite the process of rates bottoming out and starting their climb? For example weaker AUD > more exports/tourism etc. > more domestic business prosperity > better consumer sentiment > greater domestic consumption > rates start to climb.

Indeed. For my own shopping habits I would prefer a higher AUD. But for the prosperity of our tourism/exports/country in general we probably need it closer to 70c USD (the number that Glenn Stevens keeps banging on about).

Bang on 50-50 odds of a cut next month now. I think I read that employment numbers have been better than expected, and with the RBA preferring stability where possible I'm leaning towards no change next month.

Are there any particularly noteworthy resources (books/blogs/articles etc.) that walk you through investing for cash flow positive property? In the reading and research I've done, I feel like I've got a good grapple on how to invest for capital gain, but my financial situation dictates that I...