Hi,

CRJ – I am in the inner west in Melbourne in an area that has had good growth over the last 10 years. My property has gone from 100k to 400k in that time Plus I would not be borrowing 420K, I would have a loan of 200k on the IP (old PPOR).  As I would like to keep it as a nest egg for my retirement as I feel that this will out perform any amount that i can earn and put into super.

TerryW -With borrowing to pay the interest (say I take out a loan of 200k on the IP worth 390k+) is the IP loan an interest only and the second loan a line of credit or an equity loan.  And do I take out a new loan every year for the $15,500? As i agree with what you are saying It is better to put everything into the new PPOR, I am just not sure of the way to best achieve this.

QLD007 – the extra that is in the old PPOR i will withdraw before I have nailed down the new loans and finacial details, so that money will cover moving cost and stamp duty etc (which is very hefty here in Vic).  Is there anyone that you could recommend here in Melbourne for me to consult  would i go to an account or look for a financial broker like yourself.

Cheers
Leah