Thanks a lot guys for your views and recommendations.
At the moment, I will just park it in offset account reducing interest while doing some research and discussing with accountant and planner. Hopefully I can have all possible options for better decision.

If say I don’t have to pay interest on PPR mortgage and I have some extra funds, will it…[Read more]

Hi Scott,Thanks for advising option. I have no idea in doing smsf and how to use this vehicle in investing. It sounds great tax benefit from what you mentioned. I haven't done research on smsf. Any suggestion?Cheers

Thanks Richard and Ryan for your inputs. Really appreciate the advices.I really want to give something back to my parents in return. Perhaps reserving the interest money I am now paying to bank in a term deposit or something cash. Then I can start supporting (sending some money back) them during their full retirement time.I'm also very keen in…[Read more]

Hi Priz,I also live in Tarneit and am in the similar situation as you. I bought the property in Dec 2008 for $300k and got bank valuation in June 2010 for $420k. About 40% in 1.5 years, not bad at all . I thought properties in Tarneit would not perform this well. And yes, JacM is right about regional rail link project which will have tarneit…[Read more]

Hi Mike,
I appreciate the reports you sent. They are very useful and informative.
Thanks a lot for your generousity.
Cheers,
Ryan