Right. i think I have it now! Thanks one and all…How would this be for a strategy.1. Get my PPOR valued. I can either pay for someone to do that or get a freebie valuation perhaps from a variety of real estate agents2. Find out if I can switch my loan to offset and interest only (but make a decision if I'm confident enough to release my 5 year…[Read more]

The psychology of fear and greed is surely worth a discussion.The fear/greed mentality is pervasive. Scamp's ideas about people operating from fear is pretty spot on. Fear of missing out and greed fed by wanting more and more is a strong driver for most people. Your average person knows very little about the cycles of the market and operates from…[Read more]

I'm sorry if you thought that was the end of the story… Can I just check that I've got it….Richard you say 'serviceability'. Do you mean my ability to manage two loans?If an offset account that is interest only means my loan is more 'serviceable' does it mean:I am paying less on mortgage 1 therefore I can handle property 2 better The…[Read more]

Geesh I'm so green….PPOR? Uhm it's my first property, I live in it. It's in St Kilda …art deco…. 2bdrms. Thanks for your help. I'm not keen to overextend myself … I thought it might be an idea to use the equity to buy a studio or cheap 1 bedder in the area which, if I save up 20% deposit covering mortgage insurance (by working a bit…[Read more]

OK.. thanks for the advice. This is still very new to me so I appreciate the advice.What I don't get is…surely paying off the loan is a good thing? I have a standard fixed loan for 5 yrs. The rate is low. I pay off more than I need to. I thought paying off the principle was a sensible idea?Then when I'm ready (after the predicted market crash if…[Read more]