as for Auburn, is this the old ambassador motel which was converted to units several years ago?

I’d get my own sparky to check the board & wiring. If the new tenant requires additional lights etc (on new circuits & subboard so it does not affect the existing installation & can be removed at termination of the lease). Then the tenant cannot argue that they have relied on an unsafe or non-compliant installation.

no tax deduction to be had only a saving by paying off a loan more quickly.

yep, contact a broker who has access to a wide range of insurers.

sell up quick, get out whilst the going is still ok. Buy into something less risky & market-priced, like cfds or futures.

ok, the existing loan is fine. The loc is contaminated, how? Any capital improvements should be separated out & added to your capital base, other costs quarantined.

there are some risks with both options outlined above.

As Richard points out, if you ever intend to move to another house when the family gets older, an offset leaves you with access to the money without a new mortgage and the ability to negatively gear your current house, you can’t do that if you pay out the loan & reborrow. You could then apply some of the ‘saved’ interest components to the other property.

If you can’t be trusted with the money in an offset, pay out your loan and apply the money that you would have used on the ppor loan toward another property, lower risk but much slower @ growing your portfolio.

Option 3, put as much into your super & wife’s super this financial year & next, start your own smsf & start investing in a heavily tax advantaged system.

It’s not just the deal that you strike Anthony but how you achieve it.

Check out one of my recent blogs – Invest-for-Success

I am not an accountant but the information has come from a recent edition of National Institute of Accountants Magazine and will give you a little more of a heads up about it. It also references the article so you could contact the NIA or the Author.

Doubt & fear are two powerful tools.