Thank you so much for the reference from tax law, Terry!

Totally agree with you, Derek!

Thank you so, so much, everybody!
Really appreciate your responses.

I am going to send this to my sister and BIL

Thank you so much, Jamie and Tom!

I am glad to know that I gave my sister and BIL the correct information.

What sort of risk (especially from law &/ tax point of view) may my sister and BIL face, if they follow their accountant and friends' advice and claim the interest of the redrawn amount as tax deduction?

Thank you so much, Tom!

Your response made me think…

Does doing it in the following order make  a difference to their tax deductibility?
1. Redraw from loan 1 the maximum redrawable amount, turning the loan balance into its original amount.
2. Park the money in a separate saving account (to be used later as PPOR 2).
3. Turn the PPOR1 into IP,…[Read more]

Congratulations, Jamie and family!
As others have said, the broken sleep does not last forever and your body will amazingly adjust to it.
Not long to go until you 'catch' yourself singing her favorite song in the office

Thank you very much, Richard and Jamie!

I totally agree with the sleep at night comfort!

BTW, What kind of insurance (apart from PHI) do children need?

I just thought of another factor… the affordability of premium amount.

Johann, why don't some people get payout?

I don't think there is a set amount as such.
I believe it greatly depends on personal situation (having mortgage or not, dependents or not, etc) and how much the person taking the insurance is comfortable with.
For a life insurance: one person may believe he/she needs only $ 500K, another person needs $1M coverage, another different person says…[Read more]

She has great voice!
Thank you for sharing…

Congratulations on achieving that milestone, Johann!

I agree with Joe and Matt when it comes to children can be costly. I also believe children can be as costly or as economical as we parents make it – especially in the first few years of their lives. Dressing a baby in only branded clothing can be more expensive than twins or higher order…[Read more]

Glad to know you and your family are safe, Richard.

I hope the worst is over and things can go back to normal soon.

Is it considered "too late" to enter the market?
I saw a house advertised on Domain for 279K, which was sold for just over 10K in 2001 and 130K in 2007.

Count me in, please
I did the same to my husband, too.

Hi Devilz

I think the guys above gave great suggestions & advice.

It appears to me that your property portfolio has a (combined) negative return at this point in time.
My understanding on your Math:
The Emerald unit gives you net positive "profit" of $7K.
The Brisbane house gives net "loss" of $14.5K
When we combined both property, you have a…[Read more]

From memory they do offer mentoring program with ongoing support.

I am very thankful for Richard's reply… there are several things to learn and think about that I hadn't known or thought of.

I have the same problem!
Glad to know there are ways to address it.

I finally managed to find this thread again… how has life been treating you and your family, Ben?