Hey mate,

Look I could give you lots of useless/usefull advice, firslty what is the end goal? is it financial freedom as soon as possible?

If so, then you should be structuring your property movements to match that.

this would mean either renovate then revaluate your PPOR or look at 1 postively geared place or 2.
for e.g. I just bought a property for $121,000 in your state that is renting at 240 per week, around 60-80 profit per week after expenses, not even including tax incentives etc.

Terry This needs to be a proper post on this website, this is so so so useful and informative.

I dont know if a post had been put up prior about this, but I would love to see this as a actual post on this page.

Such a great peice of information

I think there is a lot of mixed/different information, I hope below is a fair and respectful overview

-was the property purchase a good idea-ANSWER; depends on what the goal was. but if you get a deal on the purchase price (below value) and also have a high rental yeild in a possible growth area, your ahead of the curb

-should I sell or keep or restructure-ANSWER: the easiest way to work this out is, what is the benefit and cons of each option, selling incures various fees (bank/loan, Real estate agent/captial gains/etc,etc)
keeping the loan/property as is means youve learnt changed nothing, unless you know where your heading, which can be the best option under the right circumstance
Restructure-this could also be good if your saving more money due to the various rates, this likely in your case may not be overly useful as it can incure fees and seems you may not have built a large amount of equity.

I would like to end by saying Corey, Ethan, Terry, Dean, Tony all have points that bear a level of reasoning that make sense in their own way.
but if you know each of their points and the value in each of their points, then that should mean you will understand which option fits you.

I wish you all the best

Corey I am intrigued by your idea, but can you actually break down how this is financially and strategically smart?

you do not “need” a trust to pay down the PPOR

also the new purchase is PPOR so stamp duty wont be IP amounts either way?

So because of trust taxation law your stating their are more options for the trust operations stacked against named holder ofthe asset.

am I missing anything mate?

haha we do think alike a lot, just this specific circumstance I meant there are a few situations were you are right, but in my opinion I prefer not selling. (but maybe what I think dosnt fit New2invest strategy.

Benny I respect we have different views, that property is returning 8%, its positively geared, that beats tax incentives! its better to make a dollar than save 30 cents, isnt it?

I ran the numbers and its more profitable doing what I suggested, your talking about saving money I am talking about expanding the portfolio and getting a income from the property every week at 20/80 LVR

Karen if you want I can do a full breakdown and scope for you, for a really resonable fee!

or just give you a free 5 minute overview if you give me the address.

Ethan made some good points to add on Jason.

Pros
you do it correct once, you can save and save again

Cons
Savy buyers can change the contract without you realising (adding/changing/etc)
time consuming and really you need to know a fair bit to do this safely
you need to have a Solicitor who is happy for this (most will be)

Mate if your willing to oversea it all and take that risk go for it, If you dont want to deal with the extra stress etc than look at something like purple bricks with a set fee. or bargin prices w agents.

Ps. must be a nice 1b, I got a 2b2b at treetops that rents for only a little bit more.

Rebecca this falls under your local town planning (Council)

Just simply call your local town planning office, arrange to sit down and they will provide every bit of detail for you (may ve vague but at least it will give you a good idea)

I would assume (every council is different) that there would likely be a way to get that through

Mate I by no means am a Commerical property expert but I do pride myself on a logical and well rounded thought process,

I use stats all the time and they are incredibly useful but
stats are past information. that is important to grasp and remind yourself

your stratergy which for most seems to be financial advancement is based on good choices, so buy problems and sell solutions!

– property value; Under buy and your already ahead
– rent value; Under buy and your already ahead, plus add value (less common in commerical but relevant)
– vacancy; stats are very deeply going to shed light, also look at data forecast, SQM is useful http://www.sqmresearch.com.au/

All the best

Mate state custodians is 3.7% or 3.8% for IP

in regards to fixing, do what fits your stratergy