Missed it in 2012, missed it again 2018. Third time's a charm?
The truth hurts sometimes. I'm facing exactly this dilemma. Will be keen to read his next post re the transition.
What have you actually bought over there?
Perfect. I want rents to rise.
So if I understand correctly, 5.5% is the absolute lowest it can be even if the interest rate you pay + 2.5% is lower than 5.5%?
How does a...
Not a refi. Existing borrowing coming off a fixed rate. Yes am a subscriber to the prof package.
Direct with bank. Loan size about $1.4m
Been offered 3.84% P&I on an investment loan with NAB....this is before the 0.19 reduction yet to be applied c/o the recent RBA cash rate drop....
So do you get assessed at the actual rate + 2.5% P&I or IO?
And is it 2.5% or 2%? Doesn't seem crystal clear.
So if one can only tolerate say 4% on P&I based upon the debt they're carrying...would you suggest deleveraging (now) to get to a situation where...
Headwinds in front of us definitely but I THINK what's ahead won't be as challenging or scary as what transpired in 08.
I get what you're saying but I'm not panicked. It 's a matter of perspective and whether you're carrying large amounts of debt etc etc....
Wish I had more ammo to really hit my loans. I can only do what I can do atm.
@Redom On a $1 mill loan 30 year P&I loan, what does a 0.5% reduction in the interest rate do to monthly repayments?
If I was buying an IP a leaseback would be a bonus.
Possible PPOR vs IP tax implications???
As they hinted, the cuts need to be fairly significant to turn a moving ship. I suspect they wanted to cut by at least 0.50 last month but didn't...
The other flipside of this coin is that I guess, and unfortunately, more people who don't earn the requisite amount of cash and/or can't scratch...
Tenants would appreciate it though
This went cheap - $195K. Pity about the trees though.
34 Antares Avenue, Kingston QLD 4114 - House For Sale | Domain
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