31.3% based on PPOR P&I interest / income per week. I can bring it down to 19.3% as soon as I switch it to IO (in progress).
@nushydude sorry for my late reply. With an IO loan, you still keep topping up the loan with repayments beyond interest rate; however, unlike P+I...
Thanks Lewis. Strangely I cannot edit my own post. I wanted to add: Buying your very first property as a PPOR, should still be bought with the...
Welcome to PropertyChat! :) I am confident that there are many skillful people here in PC to help you out. I will not have answered to all your...
I would have still accepted with an increased rent. End of the lease, you get your house cleaned anyway.
This Lifehacker article just got published: http://lifehacker.com/discord-is-the-voice-chat-app-i-ve-always-wanted-1785403197 Discord appears to...
Now that's great! Thanks Simon!
I would not sell it yet but just in case what happened to DB happened to me. In a declining market, sometimes it is smarters to sell, and buy...
So basically when you sell an IP, the least amount you need to sell the IP to break even is (I guess) roughly above $80k more than the purchase...
I can't see how likes can be misued. Like is a good feature to acknowledge a post reply.
Depending on how much you get from the FHOG, if you rent your property, that would be $400 x 4 x 6 = $9600 plus tax benefits, at least. Point is...
As I already filled out mine on 2 August and got a receipt, I am not intending to redo it on 9 August.
I could recommend @BMT Tax Depreciation as well. I have done two properties with them with great returns.
I'd ask: How many IPs you (accountant) owns. My accountant owns 41 IPs.
Interesting you said that. Loan B (Equity Loan) interest rate would be higher than Loan A (PPOR) so wouldn't be more beneficial to cut costs down...
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