Search results

Hello, Anyone have an opinion about Clontarf on the Redcliffe Peninsula. There are some new townhouses available there off the plan, near the water and a bit cheaper than upmarket Scarborough but more expensive than Redcliffe which always seems to be a bit cheaper. There seems to be a lot of...

Hi all, Sorry if this has been covered before but I can't find this topic if it has. I have around $450000 I'd like to spend on an IP and I'm torn between building a new house middle ring Brissy or buying an apt/townhouse inner ring. I don't want to be out of pocket more than around $100...

Thanks for this info, it's a big help. By the way, I looove Seinfeld and Kramer is my favourite.

Hi, Does anyone have any info on what's claimable when building an IP for investment purposes. I'm going crosseyed trying to find this info on the ATO website. I would also like to know when the CGT discount kicks in for building - does the 12 months start from the purchase of the land, the...

Why do you think it would be better to keep the P&I and not change over to LOC? Wendy

Thanks everyone. So does this sound the way to go... *Refinance PPOR basic variable loan to LOC *Keep savings in this loan to offset interest (or offset account or pay into loan??) *Use credit card on LOC for everyday expenses and withdrawals *First IP create sub-account and draw 20%...

Thanks Able, so you mean use always use the IP for security on the loan and not the PPOR (this is used only for deposits). Rolf, the PPOR mortgage is with Heritage Building Society (basic variable). Wendy

Hi, this advice is great as it's answered much the same questions I had. I just have a question of Les... do you have a separate sub-account for each IP or just the one sub-account for all properties? Also, would you go to a different lender for each property? Wendy

Thanks Alex for this advice. So what you mean is borrow against the equity in the PPOR for the deposit (20%) then secure another loan (IO) to pay the balance. Therefore, interest from both loans - 100% of property - is tax deductible. (sorry if this sounds obvious but it's all new to me) The...

HI all, I'm keen to buy our first IP and not sure how to structure a financial strategy. We owe $168,000 on our PPOR and it's valued at $500,000. We also have about $90,000 cash in savings and a joint income of $115,000 gross yearly. From what I can evaluate, we could afford to buy more...

LOC or interest only? Hi all, Just a question on this subject (I'm new to this and just trying to educate myself swiftly so I can make our first IP purchase). We have about $270,000 borrowable equity on our PPOR and just trying to figure out a finance strategy. Is a LOC a better option than...

Hello, Anyone have some good advice on what would be a better investment option. In an area that I believe to be a good investment, would an old house be a better investment than a new townhouse of around the same price. Any advice would be much appreciated. Cheers.