In the process of selling my 4br home in south-east suburbs of Melbourne. Price is comparable for the area. Smaller / slightly lesser quality...
Okay, I understand. Nevertheless, let's say I *did* change my loan to an investment loan, is there a provision against me living in the house...
Because I'm extracting equity to buy the next one.
Let me rephrase: Is there a penalty against me living in the house when I take out an investment loan, for a short while (a few weeks), before...
Hello, I have a strange question wondering if anyone can enlighten me. Soon I'll be refinancing my PPOR to an investment loan (House 1), and...
Makes sense but can you explain how you got to only 153k of accessible equity?
Hey folks. I have a question about how to buy a new home, and use my existing home as an investment property. A few numbers: Household income:...
P clear at this point the financial upside is selling and investing the money. The big con being that if we come back we'd have to buy into the...
Gotchya. If I remain overseas and die, my estate would incur CGT.
What do you mean, what happens? What specifically are you asking.
Right. Which, given the strength of Melbourne property, is a likely outcome.
Wanted to revisit this as my visa is currently in the application phase and I'm likely to get approved later this year. Starting to think about...
Would appreciate your thoughts on my situation here: Leaving Australia, should I sell?
Are you saying the PAkenham area is going to crash?
Okay, thanks for the advice. Guess I have to cross my fingers and hope that the price doesn't continue to fall so I go underwater.
No one, I'm exaggerating. To me it seems like, if I'm going to keep the house it's probably going to be for sentimental or convenience reasons...
No idea! That's why I'm asking. I just don't think advice like "property always goes up by more than equities" is particularly good or realistic.
The S&P500 has gained on average about 9-10% over the long term. Australian property hasn't produced returns of that magnitude across the board....
I mean, the assumption here is that Australian property will increase over time. That's not necessarily a given.
Right, but I guess the question is whether I'm going to get a better return by selling and investing in equities versus keeping the property.
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