Hi there

I’m with Terry, I’d be inclined to place it in the offset.

Crunch the numbers on two scenarios. The first being placing the money in the offset – the second being the money a high interest rate savings account. Remember you’ll be taxed on interest made in the savings account.

Cheers

Jamie

They might – but you can get around that by placing a time limit on your offer. Tell them your offer is valid until close of business on a particular day and see how you go.

Cheers

Jamie

The seller believes that their property is priced within that range and will usually accept the highest offer. Have a chat with the selling agent, it normally doesn’t take too long to get an idea of what the vendors are expecting and what type of offers (if any) have been put forward.

Cheers

Jamie

Just purchased a new PPOR in Downer, ACT. Moving there in a couple of months.

Cheers

Jamie

Hello and welcome to the forum.

If you change the subject to "need accountant in Perth" you'll probably get more responses.

There's quite a few investors from the West Coast on the forum so someone will probably help out.

Cheers

Jamie

Travel! At last count I think my wife and I are approaching about 60 countries.

I'm actually about to pop over to Malaysia for a short one week stint this Saturday- with laptop in hand of course.

Sports and fitness rank highly as well.

Cheers

Jamie

Hi Claire

All the best with the meeting – unfortunately I can't make it this month.

Cheers

Jamie

Hi Rob

Welcome to the forum.

The subject says "trust issues" but there's nothing in the thread regarding trusts.

With your current PPOR, I'd continue to use the offset for parking spare cash and avoid paying down any of the principle as this debt will later become tax deductible.

What are you aiming to achieve with property investing? Do you have a goal in mind or a plan in place?

Cheers

Jamie

Hi Jason

Welcome to the forum.

Why not do both? Purchase a PPOR and then an IP afterwards.

I've had many clients purchase their first home and then use it as a stepping stone towards investing. A lot of these guys have purchased properties that are in need of basic, cosmetic renovations. Upon completion, they generally value up a bit higher than the initial purchase price. We then access this equity which is used as the deposit/costs on their first IP. They often then repeat the process.

Whatever you decide to do – it would be worth consulting with a decent broker about the structure of your finances. It's important to get this correct from the start. They'll also be able to run some scenarios for you.

Cheers

Jamie

Hi there

Yep, it's pretty standard. Banks don't mess around – they're just looking to get the sale done and recoup their money.

Cheers

Jamie