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If I am forced to go to P&I in September, I know that I won't be able to afford it on an ongoing basis. You're correct that I am limited by what I can do to manufacture a gain - new paint/window coverings/lights were put in prior to renting it out. Changing kitchens/bathrooms doesn't add up...

Yes, I need to take a closer look at the area and which way I think that things will be heading into the future. I'll admit that I've let it go a bit long perhaps and thought "she'll be right" without actually looking into the area with great detail. The current lender is CUA, fixed rate of...

Property is in Edens Landing, QLD. Yes, even though the Vendrr Finance idea sounds good, I'll still be covering all my bases and getting some professional advice to make sure that I can come out of this with the least amount of damage! Really appreciate the help guys!

Hi Westminster, yes I'm claiming deprecation as well - good idea about seeing what other options are available via a broker though, thanks :) It's a fixed loan until September when it rolls over to P&I but I want to make sure that I have a plan in place when that day comes to minimise the pain...

Hi Redom, Loan repayments are about 14k pa - slightly higher interest rate than the going rate out there. Body corporate is mid $3000's, plus rates/water, PM fees, maintenance etc etc. After tax brings it down to about the $100pw mark.

That answers that question Ausprop - must have been typing my reply as you replied!

Thanks for the advice so far guys! Ausprop - installment contacts are the same as vendor finance aren't they; just a different name? Yes, finding the extra 20-25k to sell is the challenge. I would have to take it from extra payments made/equity in the PPOR which would then increase my non...

Hi all, Long time lurker, first time poster. Hopefully this is in the right area of the forum since it sort of fit into a few categories. I currently have an IP townhouse plus my PPOR house. The IP was once my PPOR so I bought it with emotion instead of maths.. so now it?s quite...