Thanks heaps guys clears heaps of stuff up for me,
always much appreciated – this site is an absolute asset!

Hi Shane thanks heaps that clears a fair bit up for me : ) FYI its CUA's basic 2 yr fixed rate, meaning no offset but my extra cash is in my PPOR offset anyway i am also waiting to see what happens with rates in Dec before i lock anything in. thanks for shedding some light on this for me, ill be crunching the numbers with the missus tonight carl.

Hi Richard and Sonya,  thank you for your follow ups.Richard the 50k is in an offset account for the PPOR so i think what i'll do for now is just pay my minimum repayments and keep this 50 and any other savings in the offset account, when it comes time to move on i will use the money in this account to buy my next PPOR and would have only paid…[Read more]

HI RichardThanks for your responsesorry to make a generalisation about financial planners being pricey… i am sure there are many out there who are reasonable and worth absolutely every penny. So the situation is that we had to buy a house because i have no where to live… this was a necessity.your response to me was:1) I assume the current IP…[Read more]

Hey Sonya Thanks heaps for your responsei hope more people can contribute to this topic.Yes, the offset is a 100% offset account.Just wondering about refinancing – was that difficult – did it cost much?Thanks heapsCARL.

I love Springvale.

Hi Thanks heaps for your input!!I really appreciate the comments!So i guess i have plan now, i am going to always keep my money in an offset account which is linked to my PPOR mortgageand if i move ill take that money with me. You guys are all ace!

Thanks Karen and Richard, SO in a nutshell Karen you are saying put all our money into an offset account on the PPOR and use that in five years as a deposit to borrow and buy our dream property. In any case never owning the two IP. Are the tax benefits that good that if you, for example own two houses outright i could use the rent of those to pay…[Read more]