What will the rate cut mean for you?

[Rixter]

Thats awesome, how do you work that out?

The rate cut interest difference.

 

[crc_error]

Property, poised ready for the next boom.

The 1930's depression lasted a whole decade, so you might be losing negatively geared properties for a very long time before you see any real returns!

 

[The Fence]

+ $6000 for us.... the full cut would be $8000...but it'll do.....

 

[Alex P Keaton]

Its decreased my holding expenses & increased my cash flow by approx $13,000 p/a.

wow

What ya gonna do with the extra cash?

 

[Gee Cee]

Buy Food

 

[The Fence]

wow

What ya gonna do with the extra cash?

Buy more IP's...

 

[Rixter]

The 1930's depression lasted a whole decade, so you might be losing negatively geared properties for a very long time before you see any real returns!

Where did I say my portfolio was negatively geared

 

[Rixter]

wow

What ya gonna do with the extra cash?

Put it back in where the IR increases took it out from.

 

[Rixter]

Buy more IP's...

We completed the acquisition stage of our portfolio last year.

 

[BV]

The 1930's depression lasted a whole decade!

Yes but we are not going to have a depression.
World leaders will work something out soon

 

[fatboy4]

We completed the acquisition stage of our portfolio last year.

One for every year in the property cycle, right?

 

[The Fence]

We completed the acquisition stage of our portfolio last year.

Yeah...good on ya...!

I've got a way to go but will see you there....

 

[Rixter]

One for every year in the property cycle, right?

Sounds a plan.

 

[Rixter]

I've got a way to go but will see you there....

C'mon up...there's plenty of room left around the bar.

 

[Ajax]

+$4560 for me.

Wish I hadn't fixed a $300k loan in July at 8.7% for 2 years.

Waiting for further cuts to tidy up mycashflow.

BTW average loan of 8% with a rate cut of 1% to 7% will be more noticeable than a cut of 1% from 9% to 8%.

Anticipating another 0.5% cut in November.

 

[lizzie]

i'm happy - just worked out that the last two rate drops will mean around $16,000 more in my pocket a year.

another 1% drop and i'll be $30,000 better off a year, and combined with tax deductions i'm creeping closer to neutral gearing ... i'll have to keep up to date with my tax variations tho - don't want a tax "bill" at the end of the year.

 

[Gee Cee]

Just take Jan to July off and lay on the beach with lap top. Reduced tax

No that is not some fancy bikini

 

[Rixter]

i'll have to keep up to date with my tax variations tho - don't want a tax "bill" at the end of the year.

Great point Lizzie....can be a trap for young players.

 

[Francesco]

Great to have more CF from 1% IR drop so far giving $15k. Enjoying new Philips LCD and started a few renos: new fence, new dual flush toilet and new landscape. Planning Japan trip next year though the exchange rate would be a problem! On for the next IR drop in November of 0.5%, I think.

 

[The Fence]

+ $6000 for us.... the full cut would be $8000...but it'll do.....

Better re-quote that....make it $3000 back in our pockets......

Half our lend is with GE Money (not my choice...they bought out ore original lender) and the robbers have promised ...NO_CUT...!

Unbelievable...!