PT18 replied to the topic Depreciation Changes announced in May in the forum Help Needed! 7 years, 3 months ago
Thanks very much Benny for your prompt response. I shall do what you’ve mentioned.
PT18 started the topic Depreciation Changes announced in May in the forum Help Needed! 7 years, 3 months ago
Hi all,
I am currently looking at purchasing first investment property, an established one. Since July, it appears that depreciation cannot be claimed on plant and equipment installed by previous owner. I was wondering if there was any way around it where I can still claim the depreciation. Also, whether it is worth doing for the income/offset it…[Read more]
PT18 replied to the topic Use cash or pay LMI to buy investment property? in the forum Finance 7 years, 8 months ago
Thanks all for your inputs. Much appreciated.
PT18 replied to the topic Use cash or pay LMI to buy investment property? in the forum Finance 7 years, 8 months ago
Hi Ethan,
Not sure if I have made myself clear here, but my current home loan is owner-occupied which I had paid LMI on and I will be refinancing to another lender for better interest rates. Now, although current loan balance is $355k, I can get up to $430k when re-financing without incurring any LMI. This can give me extra $65k in cash.
Now, my…[Read more]
PT18 replied to the topic Use cash or pay LMI to buy investment property? in the forum Finance 7 years, 8 months ago
Hi there,
Current property value is $540k – $550k, yes, I paid LMI on this property previously.
Looking for IP < $350k.
PT18 replied to the topic Use cash or pay LMI to buy investment property? in the forum Finance 7 years, 8 months ago
Hi there,
Current property value is $540k – $550k.
Looking for IP < $350k.
PT18 started the topic Use cash or pay LMI to buy investment property? in the forum Finance 7 years, 8 months ago
Hi folks,
Looking for some help here.
So here’s my situation:
Current owner occupied home loan balance: $370k
Available to redraw: $35k (so if I was to redraw all, it would make the loan balance $405k)
Current balance in offset account: $20k
Looking for re-financing and also looking to invest in near future.
Can you please suggest your…[Read more]
PT18 started the topic Use cash or pay LMI to buy investment property? in the forum Finance 7 years, 8 months ago
Hi folks,
Looking for some help here.
So here’s my situation:
Current owner occupied home loan balance: $370k
Available to redraw: $35k (so if I was to redraw all, it would make the loan balance $405k)
Current balance in offset account: $20k
Looking for re-financing and also looking to invest in near future.
Should I be re-financing my current…[Read more]
PT18 became a registered member 7 years, 8 months ago