Yes, I am fully aware that the loan goes up, but I don’t want to “top up my existing loan”.

So suppose currently my accounts look like this:

Account 1: 400K loan
Account 2: Offset for 400K

After the equity is released, based on my own studying, I see that there is a choice of the following (there could be more choices but so far I see there…[Read more]

Yes, I am fully aware that the loan goes up, but I don’t want to “top up my existing loan”.

So suppose currently my accounts look like this:

Account 1: 400K loan
Account 2: Offset for 400K

After the equity is released, based on my own studying, I see that there is a choice of the following (there could be more choices but so far I see there…[Read more]

Yes, I am fully aware that the loan goes up, but I don’t want to “top up my existing loan”.

So suppose currently my accounts look like this:

Account 1: 400K loan
Account 2: Offset for 400K

After the equity is released, based on my own studying, I see that there is a choice of the following (there could be more choices but so far I see there…[Read more]

No I mean like this:

I have a 500K property, with 400K existing loan.
Over time the property value increased and a valuation report produced by bank indicated the value of the property is now say 600K
so in theory, at 80% LVR, I can take another 80K (600*80%=480. 480-400=80)

But rather than “topping up” the existing home loan from 400 to 480,…[Read more]

I understand how you calculated it, but that was not the intention of my question.

I was actually asking:

When you say get those 8-9% return for those “west bris” properties, were you able to get those properties at market value and still get 8-9% return (meaning west bris is such a fantastic area to invest in that we should really get to it…[Read more]

Jaxon, when you say 8-9%, is this in the sense of 8-9% without buying below market value

or you need to be below market value to get that 8-9%, otherwise you’d only get 5-6% (like how much we get in Melbourne if we don’t buy below market value)

I think legally speaking, you do get a 6 months overlapping period….

But I don’t know if ATO will want to consider one of them to be “partially CGT exempt” and back charge that partial CGT tax one way or another.

Just curious, what sort of rental return did you get, since you mentioned it was good return.

I will add one to that list:

Houses that are built as “brand new” are not necessarily built using the best materials and products either.

For example, if I build a brand new home for myself, I’d choose the best quality products. But if I only “build a new home so I can sell it”, I will use the cheapest materials and what not.

While I myself…[Read more]

Thanks Benny.

The part about having extra income is not really the main point though.

The important lesson I was hoping to reinforce — via my own experience — is that it is better to buy something that is already established and second hand, and do some minor cosmetic makeover, rather than buying something that is brand new.

Of course, don’t…[Read more]

Hi Benny.

Yea, in fact, the only difference I can find is one is new and the other is second hand or something like that, as well as they do get the option to build say a granny flat (since they do have the size of land) if required compare to those H&L with only 300 sqm of land… so probably slightly “better” in this regard.

But still, I got…[Read more]

Hi Benny.

Yea, in fact, the only difference I can find is one is new and the other is second hand or something like that, as well as they do get the option to build say a granny flat (since they do have the size of land) if required compare to those H&L with only 300 sqm of land… so probably slightly “better” in this regard.

But still, I got…[Read more]

Hi Benny.

Yea, in fact, the only difference I can find is one is new and the other is second hand or something like that, as well as they do get the option to build say a granny flat (since they do have the size of land) if required compare to those H&L with only 300 sqm of land… so probably slightly “better” in this regard.

But still, I got…[Read more]

My opinion on that one is:

If there are positively geared properties to be snatched up, they would have been snatched up already.

I would imagine if an area where properties on the market (not off market) can be bought for positive cash flow, then it’d immediately become an investor hotspot and those positively geared properties would run out…[Read more]

Hi Jaxon

You cover New Zealand too?

Hi Jaxon

You cover New Zealand too?

Thanks.

I won’t go down this path then.

I don’t need the equity released urgently, as the investment I am looking into won’t happen until sometime in Feb-March next year, so I will try to work out something else instead.