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Ready to buy my next IP (future PPOR), have crunched all the numbers and I am comfortable with a purchase price of $x (and all associated costs e.g. stamp duty, mortgage duty, conveyancing etc etc) 20% deposit is ready to go, but getting a bank to give me an 80% loan is obviously also a...

Trying to figure out the best way to move forward. Have seen some places that I'd like to move to, and want to know how to act when a "bargain" comes along. Current PPOR is 50% loan, 30% unused LOC, 20% equity. Loan is almost fully offset. If I pay the deposit (for new PPOR) with the LOC...

Searches for threads on this idea show relatively complicated situations e.g. adding walls, not having natural light, moving washing machines etc. I've found a potential IP that has a 2.5 x 3m study that can be converted into a bedroom by simply adding a door. It already has a window with...

I am absolutely gobsmacked by the lack of financial education in our schooling system. It is ridiculous that someone can enter the workforce without first understanding basic cashflow principles and how to successfully live and grow within one's means. This fellow started a thread on...

I'm interested in investing in some managed funds. The simple way to do this would be to take $x out of my offset account and buy. The cost of this approach would be the full loan interest rate. An alternative approach I'm thinking about is splitting my ppor loan into a smaller loan and a LOC...

Asking on behalf of a friend who has a 'troublesome' tenant. The IP is relatively new but has a 'wind tunnel' effect whereby airflow through imperfect window seals on opposite sides of the apartment/building are making a soft howling sound which is apparently disturbing the tenant's sleep...

While I was living in my old property, I switched electricity supplier from Energy Australia to AGL. I got a bigger discount but was signed on contract for 2 years if I recall correctly. Less than 2 years later I turned it into an IP and I assume the tenant pays their own electricity now. It...

Starting up a company and I have a company bank account but no company credit card. If I purchase supplies for the company on my personal credit card, I understand I have to reimburse myself from the company's funds. My accountant said that the best way to do this is via a cheque (linked to...

hi all, my wife and i have decided that we want to incorporate our individual businesses as we're taking on bigger jobs with more responsibility. we've read some material on the pros and cons of becoming a company, but figure no information is better than first-hand experience! at the moment...

Hi all, I've been trying to find little things we can do around our PPOR to increase the value. Things apart from the usual painting / wallpapering that can be enjoyed by both us and future owners/renters. Specifically, we're after things that make that "luxury impact" when people come to...

hi all, i was checking through my balance sheet last night and noticed that 2 of my biggest regular expense items are health insurance (MBF) and life insurance (ING, also includes TPD + income protection) my ING cover is almost due for renewal, and given that i'm recently married is there...

First post here, seems like a great forum and I look forward to learning alot! I've just (less than a month ago) started a mortgage on my first property, which I intend to use as my PPOR for the next 3-5 years. After that I intend to upgrade, and keep this property as an investment property...