I also visited the property 6 weeks ago. I was interested the 4 bedroom brick house with 629 square meters. But I worried about the hoarder...
Yes, the whole $280k was for the purchase of the unit. I didn't redraw from the loan. And I didn't prepay extra payment to the loan accounts. I am...
Thank you for the reply. It seems that I need to dig out all the bank statements and calculate the remaining balance of the original loan $280k.
Hi Rolf, We had an offset account linked to the loan all the time. Our salaries are deposited into the offset account. I have not talked to our...
I have been reading your Tips for a few years. That’s why I know a bit of deductible interest on loans for producing income. The hard part is how...
Hi Terry, We (my wife and I) bought the unit (PPRO - our only property) with the loan $280k in 2011. We refinanced 3 times with topups of the loan...
It seems the prices of Lakemba properties including units and houses are dropping recently . Do you still plan to purchase IP in Lakemba?
Thank you! Terry. After reading Part IVA, it looks my situation won't attract the rules of anti-avoidance. But I will seek tax advice before I...
Hi Terry, it's a good strategy! I used the fund 100k of offset account linked to my existing home loan to purchase shares last year. I don't think...
I will get 9% gain of ANZ if I sell it today. Follow your hint - keep it for long term.
My recently acquired shares(ANZ, CBA) are going up from last two days. Let me know when you sell it. The realized profit is better than paper gain.
My strategy is similar to your one - buy on the dips and sell when the price reaches 5-6%. But I will still keep some shares for long term. It...
I am living in Lakemba. The 2 bedroom unit of 400-450k is quite old ( 40 years) and its conditions are not good. The better unit will be...
Thank you! Terry
Hi Terry, I rang NAB about splitting my existing into 2. The guy said I would not have the cash for the deposit of IP even I split the loan into 2...
Inspiredbyprop plans to move the extra money of dividend earned in scenario #1 and win/surplus in scenario #2 to his personal loan account in...
Thank you! Terry. That 's why the broker doesn't know we can claim the interest on deposit of investment property.
I don't understand the above sentence. Can you explain more details?
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