Hi All,
Currently have a PPOR. Both myself and my missus are relocating overseas next year. Currently hesitating should we purchase another IP in Brisbane before we go away. We will be renting out our PPOR.
Q1.) Based on the existing interest rates, in the long run say over 20 – 30 years, is it true that IP will outperform the interest rates? Which means that the value of the IP will be greater than mortgage loan including interests paid after 20 – 30years?
Q2.) Would it be advisable for us to purchase another IP, as we are not able to claim any taxes off it for a negatively geared IP?
Q3.) Some years down the road when both properties become positively geared, are the total income divide by 2 persons, since both properties are under 2 owners names?
Eg. $20K annually income, do we divide by 2 owners (Husband and Wife), which means each individual earns $10K annually?
Q4.) Any other hidden tax complications for owners (OZ citizens) working overseas?
Much appreciated for any kind replies.
Cheers
Nit
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