Terryw wrote:
Yes you should be talking to an accountant as you may be missing out a many deductions – are you claiming depreciation too?I was thinking you may be able to claim even more by setting up a new LOC on your PPOR and then borrowing money to pay the interest on the loan, or at least, the shortfall each month. This will increase your…[Read more]

Terryw wrote:
I think you should be asking yourself when will it increase in value and if you sell can you make money elsewhere. If it is going to be costing you $40k pa and not growing by this amount, or not having the potential in the future to grow, then it is not good to hold it in hope. There is also the opportunity cost of holding it – you…[Read more]

IP Freely wrote:
Who's to say that the tenant doesn't have a 6 month holiday? or 3 mths + option?

Oh, good thinking.  Funnily enough, in the last couple of days holiday bookings have increased.  Might stick with the holiday bookings to the end of January and then go with this idea.  Thank you.