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  1. Pesty

    Sell IP to Buy PPOR?

    Thanks Rolf, will do!
  2. Pesty

    Sell IP to Buy PPOR?

    Our options to negotiate with our current lender are basically zero as our Mortgage is through One Direct. For those that don't know, ANZ own OD and are getting rid of it, only existing loans unchanged are continuing, no new loans or additions to loans can be made. We are partially fixed til...
  3. Pesty

    Sell IP to Buy PPOR?

    When we were building, our land was $48k (2001) a year later similar blocks in the next cul-de-sac were asking $75k! We bought just prior to a height in the boom cycle. Our house/land package was $183,500 in 2002, yet since 2007 valuation, the market there hasn't moved much $285-$300k since...
  4. Pesty

    Sell IP to Buy PPOR?

    Hi BV, We built the property in Dubbo in 2002. I just got an unassisted valuation done online for $292k with a range of $260k - $330k. As you stated, the deposit we would need is massive if we get 60%, if we can swing 80% that would be better but not ideal.
  5. Pesty

    Sell IP to Buy PPOR?

    Yes, we moved out end of Feb 2009 and moved a little over an hour away. I'm assuming we'll need 60% as we are self employed, will need to go lo doc and don't have enough equity in IP?
  6. Pesty

    Sell IP to Buy PPOR?

    Hi all, I have previously posted a thread 'Using IP to buy PPOR' we are still considering selling our IP to get into our PPOR this decade instead of maybe never! IP was valued at $300k 2 1/2 yrs ago, mortgage owing $216k ($170k fixed at 7.74% til Oct 2010, $50k var at 5.89%) Rental return...
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