Thanks for that Mick. My understanding is that the IP would initially be beneficial in the tax cuts it would allow us, therefore allowing us to put more money into our PPOR loan. So we are not really looking at the IP to make us substantial money in the short term, really just allow us to pay off our PPOR loan quicker. As long as we don't lose…[Read more]

Thanks for the advice given so far. Perhaps if I give some better info on our situation, it may be easier for people to offer advice.We built a house 2 years ago. We have a mortgage of 240K but our house is valued around 440K. We have a combined income of around 130K/ year before tax.We have been told to invest in Ipswich in QLD by investing in a…[Read more]

240k mortgage.