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    Stuffed up! I have been paying extra repayments into redraw instead of offset

    Made a bit of a mess! About to convert my PPOR to IP and realised I have stuffed up badly: - CBA Home Loan (P&I) is approximately $525K, current balance $375K ($80k available in redraw) - The home loan came with a MISA offset account. - I have had the home loan since 2009 and made extra...
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    PPOR to IP loan structure - deductibility of principal paid off already

    I'm moving interstate for work in a hurry and we're moving out of our PPOR and will rent out it out: - Home Loan (P&I) is approximately $525K, current balance $375K - Current Valuation of property is approximately $750K - Both me and my wife are PAYG wage earners A friend has recommend that...
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    Rent or sell PPOR before buying new PPOR

    PPOR 1 (current) - Valued $725k - 4 years old, built 2009. - Small lot (200m2), 3 bed, 2 bath, 2 garage. Funny layout... living area up top. - 4kms from Brisbane City in trendy suburb - Rental appraisal $700-750 pw PPOR 2 (future) - Need bigger home for family needs - Intended spend $750-850k...
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    Newbie Q: Using equity in PPOR for IP without deposit and cross-colleteralisation?

    Here is my situation: PPOR: Currently own value $750k with $300k in equity. IP: Would like to buy with budget of $400k. I'm not sure if this is a stupid question - Is it possible to purchase the IP using the equity from my home (instead of fronting a cash deposit from separate savings)...
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