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Wouldn't you be better off to sell the PPOR (with no capital gains tax), use the money to pay off the IP you are moving into and with any spare cash reborrow to buy a new IP? I'm no expert but that seems the right way to go about it.

While I agree overall, isnt it a benefit to the borrower that it makes it less likely that you will have to pay LMI?

The one in your first post would be great if your kids are heavy sleepers. Me I bought in Magill, better long term appreciation, good public transport, quieter and who knows it might be a retirement option long term. Medium term I'm expecting at least one of my kids to move into it and pay...

Not sure if this will display very well, will delete if it doesnt. In summary 3 year fixed rate is just .2% above GFC low. Interest Rates - Bendigo Date variable 1 2 3 4 5 04/11/2008 7.90 7.09 7.09 7.29 7.39 7.39 01/12/2008 7.30 6.69 6.59 7.09 7.39 7.39 12/01/2009 6.30...

Just out of interest, who is supplying all the cash for this bailout? Hope its not my super fund....

Just to clear this up, I'm looking at options for 4 - 6 years from now, not something that will happen in the next 12 months. Thank you for all the posts, in particular TerryW's. The simplest option is now appearing to be to build the extension at our cost, let my daughter use it, and have...

Thanks for the comments Lizzie, given me plenty to think about.

Appreciate the comments so far, I really am looking for reasons why this wont work. My daughter (who is 16) has told me already that the only person I'm ever allowed to sell the house to is her and she plans to live in it forever. Her problem is being able to afford it so I'm just throwing...

I'm not sure if anyone else has considered this as an option but I would be interested in opinions, particularly in terms of finance and legal options. We live in a 1960's house in a very good suburb in Adelaide. If we spent $150,000 and built up we would have excellent city views. One...

We all know the Libs are not using their A-team at this point. Theres no point playing the game in the changerooms. Labor are, however, using their A-team.

Bendigo have dropped their fixed rates again. 3 year fixed 8/7/2011: 7.79 8/8/2011: 7.19 22/08/2011: 6.49 28/11/2011: 6.39 16/12/2011: 6.34 One year rate: 6.59 -> 6.29 Two year rate: 6.39 -> 6.24

My LVR is at about 30% right now, it wont make me as rich as some, but its the level I need to feel comfortable (and serviceability is my main constraint). I'm interested in the opinion of others though, what LVR lets you sleep at night in these interesting times?

Thank you for all your insights and discussions during 2011. I hope everyone has an even more happy and successful year in 2012.

They'll tell us on Monday, after a few Euro decisions are made. http://www.adelaidenow.com.au/business/bendigo-and-adelaide-bank-gets-upgrade/story-e6frede3-1226216060765?from=public_rss - Last line of the article "It will discuss its interest rate position on Friday, in response to the...

So you dont believe the RBA will lower rates to prevent the banks from having to raise them just as Julia is experiencing some positive momentum? Interesting.

One thing I learnt recently is that when your property manager rings up and asks you which of the prospective tenants you would prefer, choose the public servant :)

Theres still more questions than answers in Adelaide imo. Will Victor take off, or Murray Bridge, perhaps Seaford or Aldinga. I ask 50 YO's in Adelaide where they would like to retire to and dont seem to get a consistent answer. Most don't seem to have given it much thought. At the...

It depends on what you mean by supporting retail. My wife works in a store in a Westfield complex, and Westfield plans to bring in paid parking, which will cost us probably $50/week for the privilege of her working there. I'm very happy to support the mum and dad businesses in that...

I'm holding off a bit longer based on my as yet unproven theory that fixed rates bottom out at the point that variable rates go below fixed rates.

I dont pretend to be an expert in this, but isnt the situation a lot different now with us all saving a lot more and lessening our debt? Though seeing we have the same government (effectively) I guess we could see the same reaction.