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Hi Luce, We moved to Melb over a year ago and moved to Port Melbourne. It's been a great location and can't fault it. If you need public transport then ideally you would be between Bay and Station St... Traffic wise it is pretty good as you are 5 mins from the CBD and no traffic goes through...

Bump! Do any of the international banks let you use a different currency account to offset an AUD mortgage? Still feel like I should be able to make use of USD funds to some how offset the AUD mortgage. The risk of converting now and then hoping the currency doesn't fluctuate is not ideal...

Thanks Terry, it's a tricky one... Another related question, if you sold part of your PPOR land to the person next door, i assume that would be CGT free? Then in a years time you decided to subdivide what is remaining would that also be CGT free, or have you changed the CGT status by selling...

Hi, Is there anyway to use US dollars that we are holding in a US dollar account with the same bank as our mortgage, as an offset? I have heard of possibly using a swap with a set date and price of conversion but with the high differential between our interest rates it is pretty expensive...

Hi, I have a potential opportunity to purchase house next door to my parents PPOR. Both on a corner which equates to approx 1800sqm. My father had plans for two large plots on his block but if I purchase next door could potentially have six smaller blocks. He purchased the property in...

Cheers again for all the useful info! Put an offer for a townhouse in South Yarra. In the pocket of Punt, Commercial and Toorak. Probably a bit closer to Punt rd than would of liked but within walking distance to work so pretty happy with the location. Hopefully it gets accepted.

We are currently at 3 IP's... Renting at the moment so number 3 was a PPOR before an interstate move, which would happen to a fair few that fall in the 'accidental investor' bracket I assume. Would like to increase that number but when you see not many around you with IP's - a bit of "I'm doing...

Cheers for the info everyone.

Thanks for the feedback and the clarification Y-Man ;-) How about the area between High and Greville? Southbank seems to have a lot of choice but trying to stay away from apartments, just seems to be new towers/blocks going up lately. With a townhouse on land they can't easily add to the...

Hi, Moved to Melbourne 18 months ago and been living in Port Melbourne, it's a great area and been pretty happy living here. Been renting up until now and looking at buying something to live in for the next 5 years that can then become an investment property when/if we move back to Adelaide...

Thanks for the replies. Well we arrived on Saturday and I have started hitting the pavement for a rental. Casserole Dish - Haven't really considered Docklands, seems a bit quiet down there and probably a bit too close to the CBD than we hoped for. We have started looking in Albert Park...

Cheers Y-Man! Will be sure to keep that on the blacklist. I have also been looking at Port Melbourne, from what I've been told there is only 1 tram line, so ideally you would want to be close to that. Thoughts on Port Melbourne...

Hi Everyone, Moving to Melbourne in a couple of weeks with my wife from Adelaide and we are currently looking at renting a place. My wife has been transferred with work so we have around 4 weeks to find something. Work is in the CBD, we enjoy the restaurants, nightlife etc. so want to be...

Hi All, Looking at converting PPOR to an IP due to possible interstate move. At the moment the PPOR has a 170k loan / 20k redraw / 90k offset. We recently put a new kitchen in and are now looking at reimbursing ourselves with funds from the redraw for the cost of the kitchen, would that...

Thanks for your response Rolf, that was kind of the track I was leaning towards. My accountant was wondering where the benefit was though, isn't the extra that is going in the offset being matched by the increase in the LOC. So sure your PPOR is offset but then you have a much higher balance...

Hi all, Been speaking with my accountant and it seems my understanding of capitalising interest is not going to work, so can anyone make some suggestions as to how I can offset my PPOR debt as quickly as possible from the below scenario? Mortgage 1 (PPOR) $175,000 - currently putting in...

Thanks for your replies. JO... we don't mind taking risks when it comes to property and our portfolio is currently negatively geared, IP2 was purchased in 07 and rates fixed at 7.67% (DOH!). IP1 is going along nicely and close to neutral. Salaries are both under 100k... so jointly it has...

Hi Everyone, Thanks for providing a great forum, definitely a wealth of knowledge! Thought I might try and tap into it. ;) Right now I feel I am at an investing crossroad (I am 32) and the next step I take will be important (which may explain my current paralysis), my wife and I are both...