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Hi Micheal I will leave RT to the bits you have asked there. The dollars and cents often dont translate into real life, and one can turn the figures over and over and not get a specific result, that will suit a clients actual needs. Suffice to say there are always at least 2 views...

Hiya There are other good reasons why some people could look at doing a higher than 80 % lvr, like a simple concept I have used and called " whose risk is it anyway" On why RT suggested Barry might want to look at doing a 90 % lend vs the 80.............. I suppose u could see it like...

Hi MD Perhaps this stated need from barry might have something to do with the general advice ? I'm considering purchasing my first property (FHB) with my partner. We have a good 20% deposit (excluding the grant) and are looking at townhouses or units/apartments in the low $400's. We plan...

Hiya jasmine refering to your original q, only 345 would be deductible because that was the remnant debt when the old PPOR became an IP. The money refinanced in that model you are using for NEW ppor, thus is not deductible. ta rolf

Hiya perhaps the easiest thing for you could be to do a product swap into the CBA SVR product IO and use the Misa offset. rate would be in the region of 5.14 or 5.24 . WBC ANZ and NAB offset are all ok too. Expect to pay from 4.90 or so for the BW one, to say 5.11 for the WBC one ta...

Hiya the simple way to work this one out is the "purpose test" whats the use of the money, what are we purchasing with it NOW ? if its investment, then deductible, if PPOR or doodad then no deduction. This "little" one is the most overlooked malpractice item on behalf of most bank...

Hiya What RT says makes good sense. What I recommend is that you look beyond the immediate NOW, and do an assessment of what may be .....you will find those investments in LMI and a decent loan product pay back in multitudes ( usually) ta rolf