Guess I can't have my cake and eat it too…Thanks for the patient advice, it is much appreciated!

Thanks Guys, for talking through this with me.Darn, this is not what I was hoping for…Funny thing is I read about this stuff all the time, but I guess because it is not the outcome I had hoped for it is hard to accept.To Summarise:If Prop 2 was purchased as an IP, the full amount of 400K from Prop 1 would be deductible as long as Prop 2 is…[Read more]

Thanks Dan42…I guess my question is, how much of the interest for Prop 1 will be deductible?egCurrent PPOR (Prop 1 – Previously IP but have been living there for 12 months+):Prop 1value = 500Kloan = 300KLVR = 60%offset = 250Kbalance = 50K80% LVR = 400Knew loan amount = 400KSay I revalue the property to gain access to equity at 80% LVR and use…[Read more]

Committted the cardinal forum sin – asked without looking first!I have done a bit of looking around, and have found recommendations for:http://www.guardianpartners.com.auhttp://www.strategicwealth.com.auThanks, and I will be more proactive in the future!

I put bamboo flooring in my PPOR less than one year ago.
It looks fantastic and I love the fact that it is as hard wearing if not more so than hardwood, but because bamboo is a grass is quick to grow and sustainable.

However, I WOULD NOT recommend you use this for an IP as it would be hard to maintain.
Already we are noticing scratches (little…[Read more]

Initial thoughts are: if it is such a strong area, why do they need to offer these incentives?

DWolfe,

This is the other side of my dilema.
We want to wait until we have an idea of what we ACTUALLY need instead of what we THINK we need now.

But then will we get overtaken by property prices?

Dragon72, Thanks for your response, and advice.

Yes, definitely agree with you – we want to keep both current properties when we eventually decide to buy the family abode.

The current investment property we settled early last year and it has been surprisingly pretty much CF neutral (before depreciation and other deductions etc…) since day…[Read more]

Tysonboss1 wrote:
I would not move your existing house into the trust,…. But I would set up a structure inwhich to buy future investments in,Do you own your own home,…. If not when you finally want to settle into your own home I would sell your investment that is in your own name to buy your home (since you said it was almost paid off) that…[Read more]

Hi hoping,I've just joined this forum recently too – posted 2 questions.My girlfriend and I have been shopping around for a mortgage recently as well.We are both in the UK working as IT contractors, so it is not the easiest to prove income to lenders.After several enquiries through various mortgage brokers we have decided to go with a low doc loan…[Read more]

Cheers, thanks for the info all – much appreciated!