Thanks Derek.Yes the property is negatively geared. My mortgage broker advised me to put both our names in the loan application as he said that it would make the bank more comfortable with lending the money, He said "you can still claim all the deduction – it would make very little or no difference if the loan was solely under your name" – I just…[Read more]

HiInterest rate is set at 8% to account for increases in interest rates.From what I have heard, 8% is the average for property management in Canberra. I could be wrong. Thanks to everyone – I now have a better understanding of IP. I am still a little bit unclear on how LOC works. Below is my understanding.Say, the equity on my PPOR is $160,000 and…[Read more]

Thanks for the quick response – That was really helpful.See spreadsheet below to know how I came up with the $450 per fortnight amounthttps://spreadsheets.google.com/spreadsheet/ccc?key=0Atoy6hwSU41AdGhtblhPSHRqek9DSDlxYVlNZnNjQ1E&hl=en_US#gid=0I used …[Read more]