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  1. mrmonopoly

    Selling up, renting and buying IP.

    Very good point. Correct structuring is imperative if you want to continue investing.
  2. mrmonopoly

    Selling up, renting and buying IP.

    Honestly in my opinion only you're probably on the right track. I'd always recommend talking to a good broker first about changing to IO, then setting up a 100% offset account so you don't lose your already established habit of forced savings. This will also build a nice buffer over time to help...
  3. mrmonopoly

    Selling up, renting and buying IP.

    Good on you Andy. Also if you didn't know already that because you'll be renting your next place, your current PPoR can stay as your PPoR for upto 6 years as far as the ATO are concerned, so even if a few years down the track you do decide to sell you will still be capital gains tax free :)
  4. mrmonopoly

    Selling up, renting and buying IP.

    If your current PPoR can rent for $430-440 per week and you were planning on reinvesting the sale proceeds anyway, then why not save the transactions costs by converting the mortgage to interest only, make the PPoR into an investment seeing as the property will now more than likely be cash flow...
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