Hi Jamie, can you please elaborate what you mean by "not being a true offset". And in your opinion can I do better than 5.7% with them ?

Cheers

Hi Terry, thanks for your feedback. You are 100% correct, unfortunately there will be no claims on interest (or potential interest). The only benefit will be because the property will be positively geared – any rental income I believe can go into my wife's name as the lowest earner – and hence on a lower tax bracket. (rather than me who is on a…[Read more]

Thank you all for your thoughts. As we live in Victoria we are leaning towards keeping it and transferring the property into my wife's name for tax purposes (lower income earner) and can do this via the "love and affection" clause which would not incur stamp duty.

This will then become our investment property with the new property as the PPOR.…[Read more]