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Hi Peter, I haven't spoken to ANZ yet about equity release since my last conversation with retention team last November. My IPs were bought in Sydney and Newcastle few years ago hence there are some equity available. My current PAYG income is ~350-360k (not include rental income). I was...

That is 2nd option in my mind to transfer Family trust's loanwith CBA, however, separating personal and trust asset. However, the interest rates may not be as sharp as 4.35% + extra wealth package fee. I was trying to maximise to 5 loans under ANZ Breakfree package before considering...

Terry, it would make it very difficult for them to touch the asset unless I tried to hide from the creditor from transferring the property post "event" (I am talking about medico-legal cases end up in the court for compensation)

Hi Peter, Sorry, I was unclear about my PPOR (midnight reply). I normally do ask for a separate LOC account if I am extracting equity from my PPOR to buy IPs. I tried not to use my PPOR's equity, in fact, I am thinking about discharging the mortgage from the bank. I prefer to use other IP's...

Hi Terry Thanks for your input I am the main income earner and my wife has minimal income (due toddler) The tile of PPOR is solely under my wife's name due to my high risk occupation. Hence, I was thinking about discharging the mortgage.

Hi Peter I haven't spoken to him yet since the last email 1 week ago. I dont know the rationale behind of combining my 3 stand loans into 1. I told him the structure I want PPOR with 100% Offset (80% LVR) IP1 with 100% Offset or LOC of equity at 80%LVR) IP2 with 100% Offset or LOC of...

Hi Redom, When I initially set-up my loan with ANZ bank, I have each individual loan against each property with 20% deposit, hence No cross-securitising. My purpose of refinancing to CBA is to release some equity and to have better rates (currently paying 4.53% vs. 4.35%), however ANZ has...

Hi Rolf, 1. Thanks for the advice. I will consider another institution for new IPs, however my bargaining power will be less in terms of negotiation of discounted interest rate. 2. I am thinking about discharging my PPOR's mortagage. I agree that defeat the purpose of asset protection.

Thanks for the input. I did specifically told MB not to cross collaterised the loan, but the proposal is no difference :mad::confused: My current PPOR has 100% Offset I/O with the $loan amount = $ offset amount, hence paying $0 interest. I was thinking about discharging the loan from the...

I am thinking about re-finance my current PPOR and IPs with the aim to extract the equity and to lower my current home loan rate (4.53%) This is the suggestion from the MB <<snippet>> As per our discussion, the structure is as follows XXXXXX Facility 1 - PPOR - Wife's name on title...

Sorry to disagree with you Average median price in 2011 = 311k see the graph below

I went to check out some IPs around Marsden and Waterford west area on the weekend. There are plenty of Sydney investors buying IPs withOUT seeing or checking out the property, but not many local investors. Can someone enlighten me to which suburb is "better" to have IP? I was being told by...

Hi RetireRich101 Can you rent out the "auxiliary unit" to SEPARATE tenant with DUAL Occ on SINGLE title @ Logan area? Thanks for clarification

Teacher Mutual Bank 3 year Fixed rate with 100% offset is 3.99% HSBC 3 year fixed rate is 3.95%

The article is very misleading The valuation of the land for future value is NOT correct (2015) 12 BENNETT CT, MORANBAH QLD 4744 853173 1209 M2 L23 M9738:PAR MORANBAH SV $177,500 (2014) SV $150,000 (2015)

Hi Paul I do agree with you to get a valuer to value property for ~$300-500 and can always mention to the valuer that it is for "transfer - special purpose" to the trust and hopefully, the valuer would value at the lower end of market

Hi Terry I agree that it is better to purchase the property directly into DFT with corporate trustee. However, I dont have crystal ball to predict the future when I purchase my 1st property 10 years ago. I tried to protect myself from medico-legal litigation due to nature of my job

Unless I tried to hide it from litigator or event occurred prior to transfer, then I will be liable.

Hi Paul, Yes, I did get a personal tax advice from my accountant. He advised me for 2 reasons 1. asset protection 2. Minimise the future rental income tax

Hi I have a property in NSW which my PPOR initially (lived there for till 2009). I moved out in 2010 and my 6-year CGT exemption is due in 2015-2016. I am thinking about transferring my PPOR to DFT with corporate trustee due to nature of my job (for asset protection purpose). I...