This is similar to what I’d like to do. I’m told the rich always borrow money against their assets and never pay tax on those borrowings. What’s...
It’s the ratio of debt to GDP that matters. And it has fallen from the peak during Covid. It’s still too high compared to before the GFC but if...
How much do you think the renovation cost?
Compound interest has been described as the ‘eighth wonder of the world’. In another forum relating to FIRE someone asked the question when folks...
"The payment of dividends represents a reduction in the company’s value that precisely matches the amount paid". Dividend Growth Investing I'm...
I’ve had an IP in Canberra since 2004 (a new build in the Gungahlin area) and yes the land tax is quite significant now however I really don’t...
I have a bit of a unique situation in that I live and work in the US and own IPs back in Australia. All the numbers below are in AUD for...
Good points Peter. They are coming off fixed in just over a year on their other loans - I think by then we will definitely shop around for a...
They are now on 5.38% P&I investment loan.
Just an update on this - went through my premier banking manager at CommBank and he got my parents a 1.25% discount o_O Guess it was worth it to...
My two parents 79 and 73 both retired have an IP in Canberra with CommBank paying 6.63% P&I on a $165k mortgage on a property worth about $1mil....
Oh man there’s nothing like hurtling to 100kmh in 3 and a half seconds while getting your back massaged with those amazing seats. I agree getting...
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