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  • Profile photo of sdrakesdrake
    Participant
    @sdrake
    Join Date: 2012
    Post Count: 3
    November 8, 2012 - 9:50 am

    Hi Jamie,

    Thanks for your response. The LVR on the unit alone is at 72% but I also have equity in the duplex and when combined, the LVR is at 66% with a total of $345,000 in equity which isn't a small chunk of change and could go a long way to reducing a non-tax deductible primary residence loan. At what point is the LVR considered to be "too low" that you should consider selling?

    I'm looking to spend $550,000 on my next property. Splitting the loan isn't an issue, I've done this before and am familiar with releasing equity so you can identify deductible from non-deductible debt.

    Cheers

    Sam

    Profile photo of sdrakesdrake
    Participant
    @sdrake
    Join Date: 2012
    Post Count: 3
    November 8, 2012 - 9:48 am

    Thanks Derek, cashflow is very important but I am comfortable with calculating that part of the equation. FYI, I receive $450 per week for my current property and expect to receive $380 per week if the unit was rented which is a conservative estimate based on similar rentals in my area.

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