jacpru wrote:
it doesnt make sense to me borrowing to cover debt

It makes sense when it means you can keep an asset(s) that will grow in the medium/long term at a much higher rate than the cost to maintain. Also means you never have to pay CGT! The risk is starting it too early at a point where you need property to be going up by 10% every year…[Read more]

Hi Microchip, Your stratergy for the $30K will cause you disadvantage. Reason  – Whilst they are both IP's your interest deductions will basically be the same. You're just shifting $30K from one loan to another, one goes up $30K one goes down $30K. Except you are going to pay refinance costs (your disadvantage). When you move into IP 1 it cea…[Read more]

Hi Hoopers, Can I still claim the IP as my PPOR for the last 6 years and only pay CGT on the remaining 4 years that the property was an IP while I was living in a property with my brother that i owned 50/50?No. You would have needed to move back in for a period of 3-6 months once your brother bought you out to re-establish the property as your…[Read more]