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  • Profile photo of BristowBristow
    Participant
    @bristow
    Join Date: 2006
    Post Count: 11
    June 8, 2011 - 1:09 pm

    A life lived in fear is a life half lived.

    Profile photo of BristowBristow
    Participant
    @bristow
    Join Date: 2006
    Post Count: 11
    June 7, 2011 - 9:04 am
    Terryw wrote:
    That is great then, very flexible. But I woudn't advise on using a LOC for the main loan, only to access equity for further investments. I guess the offset could come in handy for someone who has paid off their non-deductible debt and has some spare cash lying around.

    what about the ANZ one. It appears to be an all in one thing.

    Why would you not use the LOC for the main loan?  The interest rate is too high? An interest only loan is better?  I have a LOC of credit for my PPOR, but will completely pay it off next month.  What is the best way i can  then use it for purchasing an IP?

    Profile photo of BristowBristow
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    @bristow
    Join Date: 2006
    Post Count: 11
    November 18, 2009 - 5:32 pm

    Thanks for your reply: what suburbs were you thinking of?  It doesnt matter if it isnt within 10-15kms from the city: I just want to get an idea of what areas I can start looking in when I next go to Brisbane.

    Profile photo of BristowBristow
    Participant
    @bristow
    Join Date: 2006
    Post Count: 11
    September 23, 2006 - 4:23 pm

    Thanks for your reply. Part of my problem was that I lived overseas, and consequently bought quickly with the idea that any property purchase would come good in time. Foolish! Now I want to off-load three out of four! They are all in seemingly good areas, but are costing me money. Perhaps just reducing the debt is the best plan at the moment.

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