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  • Profile photo of level3level3
    Member
    @level3
    Join Date: 2010
    Post Count: 4
    February 24, 2011 - 8:45 am

    Hi All

    Well – now a little further down the track our little boy is just over 1 and we are expecting another baby later in the year, so we have rapidly outgrown our 2 bedroom unit and will have to move.

    Also we are going to live off one salary!

    We need some professional advice to see what options are available to us. We’d like to at least keep the place we are in and would like to move to a 3 bedroom house.

    Any advice or recommendations of a professional property advisor would be great if anyone knows of one.

    Cheers!

    Profile photo of level3level3
    Member
    @level3
    Join Date: 2010
    Post Count: 4
    October 6, 2010 - 11:53 am
    Qlds007 wrote:
    Switch both loans if not already to interest only with 100% offset on the new PPOR and ensure you have done a Depreciation report on your IP.

    This should reduce the monthly cash flow and give you time to decide what to do when you are ready to leap.

    We have the PPOR as an offset loan.. and just doubled our monthly repayment while we can afford it. Trying hard to pay down the loan on the PPOR as much as we can… would love to get into a house in about 15-18 months if we can!!

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