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From: Bydntsel .
Lately a number of people have been posting quite a lot on value adding, borrowing against equity, using OPM, fast tracking IP’s, etc.
Being from Melbourne. I would think that very few properties haven’t dubbed in value in the last 3 to 5 years.
It appears that building costs have not gone up anywhere near the same amount.
Now lets say an extension or renovation was to be done to your PPOR.
Not only would you be able to enjoy the benefits of living with the extra elbowroom, you would also be creating equity fore more IP’s.
This will not suit every one but may generate some options possibly not disgust before.
bydntsel
“Things are rarely what they seem to be”
Lately a number of people have been posting quite a lot on value adding, borrowing against equity, using OPM, fast tracking IP’s, etc.
Being from Melbourne. I would think that very few properties haven’t dubbed in value in the last 3 to 5 years.
It appears that building costs have not gone up anywhere near the same amount.
Now lets say an extension or renovation was to be done to your PPOR.
Not only would you be able to enjoy the benefits of living with the extra elbowroom, you would also be creating equity fore more IP’s.
This will not suit every one but may generate some options possibly not disgust before.
bydntsel
“Things are rarely what they seem to be”
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