PaulDobson wrote:
Hi HerbTo get your borrowing capacity "back into shape" I'd be tempted to go with duckster's suggestions above, i.e. sell one of the properties.  But, instead of selling it traditionally, sell it with an Instalment Contract (IC).  This type of sale would get you an upfront deposit, fixed positive monthly cash flow of at leas…[Read more]

Dukster: Thank you for responding. You make sense.  I wasnt sure where to put the proceeds as I have some NTED as you will see below. I like the idea of  using the proceeds to pay down debt on another investment property  (say Melbourne)That would help a lot with reducing LVR & bringing it close positive geared.I do have a PPR also, so some wo…[Read more]