Search results

Hi all I wish to know what is the most tax effective means of borrowing for a purchase of an IP. My situation is as follows. ? I recently purchased a PPOR valued at $800k. I have a loan of $700k of the purchase price, and $450k parked in an offset account. This means that the net...

Hi all First let me say, thanks to all of the contributors - this is a seriously helpful forum. Background I am in the process of selling my PPOR (fully paid off) for $500k. I have made an offer to buy a new PPOR for $950k. For the purposes of my question, please assume that...

Hi all I am seeking opinions on possible investment options. First of all, my circumstances. I own a fully paid off apartment in Melbourne CBD, valued at approximately $500,000. The apartment is my PPOR. I have no other assets, apart from a bit of cash in the bank. In the next 6-12...

Hi all On my income, I can borrow approx $400k. I have, or will shortly have, $500k cash in the bank. I wish to purchase a new PPOR for $800k which I intend, after a few years, to convert into an IP. To maximize mortgage deductions, I want to borrow close to the purchase price of the...

Hi all I am contemplating the purchase of an apartment in Eureka Tower, Southbank, as my PPOR (which is currently in the CBD). The apartment I am looking at is on a lower level of the building, and currently enjoys views across the boulevard and into the city. Some of these views are...

Hi all I made the mistake of making significant overpayments into my mortgage account of my PPOR instead of putting these funds into the offset acct. I was, at the time, unaware that the ATO treats redraw facilities differently from offset facilities. I now wish to convert my PPOR into an...