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NSW Looking to buy - 20 min drive from Kellyville

Looking to purchase a new house as PPOR with my wife. Budget $1.2m. Set on a house (not apartment or town house). No longer than 20 minute drive...

Thread by: Ash2992, 13th Feb, 2020, 21 replies, in forum: Where to Buy
Post
Using redraw to invest

I have read Legal Tip 15: An issue with mixed purpose loans where both portions are investment - will this apply to me?

Post by: Ash2992, 7th Feb, 2020 in forum: Accounting & Tax
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Using redraw to invest

Thanks Terry. Does that mean to have a split loan for the 350k balance and the 70k redraw? Can I claim interest on the 70k I will redraw?

Post by: Ash2992, 7th Feb, 2020 in forum: Accounting & Tax
Thread
Using redraw to invest

Hi Currently have one IP worth $600k ($350k outstanding loan). I have the option of $70k redraw. Is it worth using this redraw to purchase my...

Thread by: Ash2992, 7th Feb, 2020, 7 replies, in forum: Accounting & Tax
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Buying second property using Equity / Redraw facility

So currently with Maquarie for the IP - do you mean borrow against that with a different bank e.g. CBA and then use CBA for the 80% loan. Or do...

Post by: Ash2992, 3rd Feb, 2020 in forum: Introductions
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Buying second property using Equity / Redraw facility

Thanks Jason IP is currently worth $575k Loan balance remaining is $370k I did have an offset account previously, don't have much in there...

Post by: Ash2992, 3rd Feb, 2020 in forum: Introductions
Thread
Buying second property using Equity / Redraw facility

Hi everyone, New member on this forum! I have one existing IP with approx. 70k redraw available. Looking to purchase a new property to live in....

Thread by: Ash2992, 3rd Feb, 2020, 7 replies, in forum: Introductions

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