Search results

Yes, as indicated in my original post. Loan 'B' has higher interest rate as well compared to the $80k loan.

Thanks Peter. The $80k loan is from an online lender which doesn't offer offset facility. Not sure yet if I want to refinance the loan at this stage. Will probably look into it if I have more time on my hands.

So here is my situation. I own two properties, 'A' and 'B'. 'A' used to be the PPOR. I took out about $80k equity from 'A' to buy property 'B' which become my IP for about a year. This was done by splitting the 'A' home loan into two and switching the loan to IO. Recently moved into 'B'...

I'm in similar situation, recently switched my PPOR into IP and looking to get small painting job done to remove scruff marks from the walls before renting it out. Rather than starting a new thread on similar question, just wondering if the costs related to the painting job can be tax...

Is there any guide to when exactly IP becomes PPOR with regards to tax deductability of their related loans? Is it at the point when we officially move in and live at the property, i.e. having official address change or it is from the point when the IP is vacant (rental lease expired and not...

Wondering if forum members can help shed light to my current situation. Current loan on PPOR is IO, with redraw facility. Loan is split into two portions, one portion is the equity that we've used to purchase an IP. The other is the primary loan (remaining loan amount when it was...

Rolf, will drop you an email offline to discuss further.

Indeed, it is Ubank. The 'force' is strong with you, Rolf! :)

Thanks, Rolf. Some very interesting suggestions there. To add a few things, the loan on my PPOR was only refinanced last September, after coming out of 3 yr fixed interest term. My wife and I didn't spend enough time looking at possibly restructuring the loan (part of having 2 young kids to...

Hi everyone, Am a long time reader of the forum and first time poster. Looking for some info and advice on purchasing my first investment property. Here are some main points: 1. Got an offer ($660k) for a house accepted last Friday. Location is in a good neighborhood with good schools (one...