Wow !!  There must be more to this – is the RBA deaf, dumb, and blind?   First, let’s take an early comment from back a few posts:-

For the person with the average mortgage of (say) 2.5%, that is a 10% increase right off the bat. Why so big so quickly? While we have a housing problem, a 10% increase could lead to even more rental anguish. A $4…

[Read more]

Wow !!  There must be more to this – is the RBA deaf, dumb, and blind?   First, let’s talk an early comment from back a few posts:-

For the person with the average mortgage of (say) 2.5%, that is a 10% increase right off the bat. Why so big so quickly? While we have a housing problem, a 10% increase could lead to even more rental anguish. A $4…

[Read more]

Hey Alexus,

Thanks for your thoughts.  I agree with a lot of what you wrote, and no, I wouldn’t want those on lower wages particularly to be even worse off.  But then, what do you think of that “straight dollar uplift” I mentioned, rather than a %age uplift?   That would certainly help those on a lower wage, while those living comfortably wou…[Read more]

Answered here – https://www.propertyinvesting.com/topic/5083724-to-invest-or-pay-down-debt/

Answered here – https://www.propertyinvesting.com/topic/5083724-to-invest-or-pay-down-debt/

Answered here – https://www.propertyinvesting.com/topic/5083724-to-invest-or-pay-down-debt/

Hi Mat,

You sound like you two are in good shape – sort of.   Having the rentals’ mortgages fully offset sounds like a good position to be in.  On the flip side, that sounds like a lot of lazy equity.   Now, so you know, I am NOT any kind of professional adviser – I’m just a bloke with an opinion or two to share, so do take the time to test…[Read more]

Hi Gurpreetc,

The link posted here might provide some thoughts around the subject:-

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697967

This takes you to the “Big Picture” thread, then click on the next link seen in that post.   You may wish to check out more of “The Big Picture” too, so scr…[Read more]

RBA:  Here they go again.  A 0.50% increase this time, after a 0.25% first up.   So, double what I said last time.

But hey there are a few schools of thought here.  The RBA have been jawboning for months about “needing to have 6 rises of cash rate by end of year” or some similar rhetoric.   Now, by going hard right off the bat, some analys…[Read more]

Hi Tony,

Since we are no longer on Daylight Saving time, some of these times are incorrect (e.g. Qld for sure, and perhaps NT and WA?):-

That’s Wednesday at 7pm in NSW, ACT, VIC and TAS | 6:30pm in SA | 6pm in QLD | 5:30pm in NT | and 4pm in WA.

Benny

Hi Runnyman,

Found this just today on ATO website:-

https://www.ato.gov.au/individuals/capital-gains-tax/cgt-events/

if you sell a house, the CGT event happens on the date of the contract, not when you settle.

i.e. it sounds like you have it right, except I didn’t see anything about BUYING and its CGT date.

That ATO page has a chat function -…[Read more]

For anyone else reading, check out this topic for info re STEPS

https://www.propertyinvesting.com/topic/5082846-training/

Note too, the Deal Club mentioned is already in train, but those who sign up can access recordings of previous lessons to “catch up”,

Benny

For anyone else reading, check out this topic for info re STEPS

https://www.propertyinvesting.com/topic/5082846-training/

Benny

Hi Bel,

Sounds like you are ready to move on – and it is great that you are checking out options ahead of jumping in.   Right off, there’d be more info required before being able to offer sensible options.  so, if you would, have a crack at answering the following questions.

1.  What are your long-term goals?  i.e. are you considering furth…[Read more]

Hi Bel,

Sounds like you are ready to move on – and it is great that you are checking out options ahead of jumping in.   Right off, there’d be more info required before being able to offer sensible options.  so, if you would, have a crack at answering the following questions.

1.  What are your long-term goals?  i.e. are you considering furth…[Read more]

Hi dDream,

  Currently, have a loan of $350 k with a bought property two years ago. And this will return equity of $85k for today ( as the broker told me).

I presume from the above that the house value is now about $550k (i.e. your equity is approx $200k).  i.e. the borrowable extra amount is $85k if refinancing to 80% LVR.   About right?   (If…[Read more]

Hi Sandhya,

Sorry, my comment was a bit terse.  Good to know you worked it out.  For others who were wondering, let me add a bit more around that calculation :-

For the person with the average mortgage of (say) 2.5%, that is a 10% increase right off the bat.

A 0.25% increase against a 2.5% mortgage interest rate is a 10% lift.   That is actu…[Read more]

Thanks Steve.  Good comment about “dropping an anvil on ScoMo’s head.  So true !!!    That will give Labor lots more ammunition for the next 3 weeks.

And yes – a 250% increase.   Well caught.   For the person with the average mortgage of (say) 2.5%, that is a 10% increase right off the bat.  Why so big so quickly?   While we have a housing pr…[Read more]