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Fair call and thanks for the above replies. I am aware of the shortcomings of my 'stragery' although thought it was worth asking the question. The above responses above are clear and only convinces me more that fixed rates aren't for me as I would rather feel pain with everyone else rather...

I am one of those unfortunate people who are committed to a fixed rate loan at 8.5% for another 2 years - loan $430K. Currently, I calculate that it is costing me about $700 extra in Interest Only repayments due to the drop in rates. Not sure if this would work but I am willing to commit to...

Thanks heap for the detailed replyas it was most informative. I have put the question of my scenario to our accountant to seek his input and referred to the ruling you referred to. Given the purpose of my second loan is purely to fund the shortfall/loss made by my income producing asset...

Could someone give me an insight into how loans must be structured in order to be able to claim capitalised interest as an income tax deduction - or can this not be done? It seems that various people are doing but I just want to know how. We could use the example of 1 PPOR and 1 IP. I...

Thanks for the reply. So would the purchase price be determined by the valuation? And do you know if it complicates things that we own the house?

As we are moving onto a new PPOR, I am currently considering whether we should keep our PPOR and make it an IP. I trust this has been done many times before although I have tried a few searches but cannot find where this has been discussed before. Specifically, I would like to learn the...

Interesting topic for me as I live in the area and currently have a holding deposit on a block of land in The Chase (Berwick) which we will build on this year. I am going to take a guess and say for your price range you will be looking at properties like those in the new estate on Tinks Rd...

Yes it it helps Dan - thanks for the reply.

Rather than starting a new post, I though I would resurrect this one as my query is related, ie. servicability. In speaking with my mortgage broker, I have been told that some banks use the formula of lending out 5 1/2 times your annual salary. I become somewhat challenging of this given...

Thanks for your thoughts Kristine. I hear what you are saying and to shed some more light on my/our scenario, I should clarify that I realise that property is a long term investment so we am prepared to set goals which don't put too much of a strain on ourselves. We have both worked hard in...

I actually forget why I chose In The Red as this was around the 5th attempt as a user name when first registering to the forum.

Thanks for all the replies. Dazzling - if I weren't married this is exactly what I would do - actually, I would probably go one better and move back in with my parents for a few years to help get ahead. But given I have to keep my CEO happy, I think we will be moving this year. It also gets...

Any thoughts? Any thoughts?

Firstly, thanks in advance for taking the time to read this post and I would be greatful for your feedback. I'll start with our current position then tell you my plan for this year in an effort to gain feedback to act as food for thought. I'll be honest in saying that unless a hurdle comes...

Very nice house indeed. Whilst I am failry new to property investment (one PPOR in Narre Warren 1999 - bought 1st IP in Bentleigh in 2003) I feel there are no signs of property prices in the Narre Warren and Berwick areas slowing down. I am actually looking to sell our PPOR to move to...

I must say that I am reasonably familiar with Berwick and a 5.3% return is great. Are you able to share any details of the house, ie. area in Berwick, bedrooms, how old?

Perfect! Thanks Twitch. This is precisely the sort of thing I was looking for.

I am looking for a the median house prices of the year by year for say the last 20 years. I have done a few google searches and a a search on this forum but couldn't really see anything during my efforts. Can anyone point me in the direction - perhaps with a couple of links? If it helps...

Good question Willfong. The loan as such as fine but it is the rate I am unhappy with - hence my raising the query with my broker to look into the rate. My loan is $430K and the current rate (which is now variable) is 8.25%. If the loan was fixed at a rate I was happy with, then I would have...

Thanks for the replies. I don't recall signing a brokerage agreement so I should be OK. Also, my ING loan would have been in place for 4 years next month so the timing is good in terms of avoiding exit fees. And yes I agree on the point that there should be an after sales service given the...