First thing to consider is what sort of property will make you happy. If a newish place in Melton suits what you want then 100% go for it. But...
What are the costs? Is it mainly the ongoing equity the government holds and then in turn the increase in $ they hold with any home value...
Rough calculations for a first home - you'll be able to borrow in the vicinity of 350-400k.. Fortunately you will be exempt from stamp duty due to...
Hi all, My partner and I bough a 3Br home in Ballarat about 12 months ago. Ultimately the plan is to live in it as a PPOR once we finish our...
Hi all, I've been keeping a close eye on rents across Victoria. I've recently sourced rental for a relative moving down to Melbourne and it was...
in reality would in be in the banks best interest to force you to cover the difference? For many people if the drop is significant I can imagine...
Hi all, I've recently been reading into lease doc loans. As it stands my partner and I are maxed out on our borrowing for residential (PPOR +...
Hi all, I was wondering with current interest rates on CIP is it possible for a purchase to have a overall positive impact on one's borrowing...
Hi all, I've spent the last 1-2 years research residential investing and feel I am starting to get my head around it, my partner and I have...
Hi all, As prep for our planned upcoming purchase of an IP I'm trying to see what annual growth rate I would need to match an investment in an...
Ah I see - so of the $45k you could elect to just draw down $20k (for example) and leave the $25k there for future use. In the interim interest...
As it stands the $45k is being applied for as a seperate IO loan secured by the PPOR (access as property was revalued higher) - so there will be...
Currently discussing with my broker - but I think I may need specific tax advice. My understanding was that to prevent mixing any loan (in this...
The 125k redraw plus 45k equity release will result in 170k in total funds for the purchase. I estimate the purchase will only cost 150k leaving...
The PPOR has a $125k variable loan with offset and the remainder as a fixed loan. My broker just confirmed our bank can't do a split without...
The $125k is currently owing on the variable. It's just we originally planned to just cash for the purchase, but have now learnt we can use the...
Hi the variable loan has $125k owing. The intent is to deposit the $125k cash then redraw the same so all borrowings are for investment purposes....
Hi all, After some tips from various users on property chat my partner and I have decided to deposit the cash for our first IP into our PPOR...
Hi all, I currently have a mixed fixed/variable PPOR loan. At this stage the variable proportion is fully offset. The loan has a "minimum...
Hi all. My partner and I are almost ready to buy an IP. Hoping for some advice re: loan structure. We are current paying out of our PPOR. Value...
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