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  1. J

    Exchange rate on internationally paid expenses

    Further to this, when I am accounting for funds in an overseas currency on my tax return - do I have to take the spot rate each day for every entry in the revenue/cost columns, or do I base the exchange rate on the total profit/loss over the financial year? Thanks JB
  2. J

    Exchange rate on internationally paid expenses

    Hi Terry, to be clear, it was paid in AU$ but for an expense which would be accounted for in the accounts of my UK property, in which everything else is accounted for in GB?. I'll have a look on the ATO website for exchange rates thanks. JB
  3. J

    Exchange rate on internationally paid expenses

    Bit of a grand thread subject! I recently had to pay an expense on my UK investment using AU$, in Australia. (Unusual, but a one-off) When I am accounting for this, what exchange rate should I use? Would a day spot rate from say Oanda.com be OK? Thanks JB
  4. J

    Best variable interest rate???

    Thanks for the info Jess. I have confirmation from MACQ that I will not be cross-collateralized. And as far as the risk of interest rates etc going nuts in another GFC, I have to play that against the financial reward of consolidating my loans. JB
  5. J

    Best variable interest rate???

    Existing loans went from 4.54% to 4.29% (verbal) so I assumed 0.25% Yes, in an email dated May 11th but with no expiry date on it so they could still back out..... JB
  6. J

    Best variable interest rate???

    Thanks Jess Not aware of this - can you help me understand how this might impact on me? Not planning to buy any more property currently - investing in shares as diversification policy. Is there anything I can do to avoid this? All the loans will be below 80% LVR. Thanks JB
  7. J

    Best variable interest rate???

    OK, trying to make a decision, as I want to consolidate my loans. MACQ have 3 of my loans at present. They will offer me 4.15% across the board to move my other 2 loans to them. Cost of change = $1144. CBA have one of my other loans. They will offer me 4.15% across the board to move my...
  8. J

    Experiences of increasing loan size as property value increases?

    Hi, if I bought a property and borrowed 80% of purchase price, and now the property has increased in value, and I wanted to increase the loan to 80% of today's valuation, with the same bank, how much of a process is this normally and what kind of fees are involved? Many thanks for any...
  9. J

    Help me restructure my lending

    ....make that 4.35% see what happens Tuesday..... JB
  10. J

    Best variable interest rate???

    4.32% can be achieved at NAB at present as they apparently have a policy of being a couple of points below CBA etc. BB
  11. J

    Best variable interest rate???

    I too have been offered 4.35% by one of the big 4 on $1.4 million for a refinance. Better than the smaller bank(s) I was with. Not moved yet but the LOC on my PPOR is 5.1% (fully deductible) so 4.35% is highly attractive. JB
  12. J

    Help me restructure my lending

    Yep, now CBA has come to the party and is offering 4.4% across all 5 of the loans........ The UK IP is in Rochester. JB
  13. J

    Help me restructure my lending

    Hi Terry, thanks for the info. I am using the LOC as a transaction account, but only for transactions relating to the 4 investment properties. ie rents come in, interest and other costs go out. No non-investment transactions pass through this account. I hope this makes it 100%...
  14. J

    Help me restructure my lending

    Thanks, just to be clear, there is no cross-collateralisation, and everything is deductible as my PPOR was fully paid for before I opened the LOC against it to pay deposits on the investment properties. JB
  15. J

    Help me restructure my lending

    Hi, I want to save some money on my biggest expense - interest. Currently I have 4 loans 3 loan of $280k with Macquarie at 4.54%. The properties these are against are worth $420k, 380k and $370k. 1 loan of $280k with AMP at 4.52%. This property is worth $430k. 1 LOC loan with CBA...
  16. J

    High Yielding Shares Again

    Thanks mate, I thought so, so I may as well just shred the certificate etc. JB
  17. J

    High Yielding Shares Again

    Just read this whole thread with interest - I recently inherited a positively geared investment property in the UK and a UK share portfolio - so I am continuing to use the income from the property to buy more stock. Among my inheritance was an Australian share that I think is worthless - 1560...
  18. J

    Investor's Ultimate/End Goal

    Yeh...not sure how comfortable I am with that... hold that thought. Could PM you too? JB
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