100k
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Having an IP but not a PPOR, I would probably use it as a deposit for a PPOR.
Tab, I think you should also ask the question why we choose that option. You could get a myriad of different responses, but it is the context of the investor's position and strategy that will give you some insight into the choice.
For me $100k and one of the sub-markets that I follow, may just get me a 1 bedder with some extra spare to cash to update/reno. But with the market the way it is, I would leave it in an offset account and wait until the recent madness in price escalation has calmed down somewhat. I also believe that part of the market is very keenly contested and would struggle to find value.
The second option for me, would be to use some of that cash to update/renovate existing property in your portfolio.
For me $100k and one of the sub-markets that I follow, may just get me a 1 bedder with some extra spare to cash to update/reno. But with the market the way it is, I would leave it in an offset account and wait until the recent madness in price escalation has calmed down somewhat. I also believe that part of the market is very keenly contested and would struggle to find value.
The second option for me, would be to use some of that cash to update/renovate existing property in your portfolio.
I would be at the builder in the next hour and sign up to build a larger house.
Oh, for $100k ...
Oh, for $100k ...
Aren't they overvalued?
While probably no use to you given you are OS, UBank (part of NAB) has increased their cash accounts to 5.49%
Cheers
Buddybee
I'd probably go shopping 
...possibly for one of these
http://www.bmw.com.au/com/en/newvehicles/z4/z4/2009/introduction.html
...possibly for one of these
http://www.bmw.com.au/com/en/newvehicles/z4/z4/2009/introduction.html
A bit conservative at the moment, so I would do "a"
It's funny how a few interest rate rises has spooked me, and my mindset has completely changed....
It's funny how a few interest rate rises has spooked me, and my mindset has completely changed....
I'd go shopping with part of it, but unfotunatley i won't be getting a BMW, because i'd use some to add to my PPOR until i get the FHOG, then use that to get another..hm..
Use $70,000 as a deposit for our next IP in 12 months time. Gradually feed $30,000 into geared share funds over the next 12 months.
RC
RC
