This is similar to what I’d like to do. I’m told the rich always borrow money against their assets and never pay tax on those borrowings. What’s...
It’s the ratio of debt to GDP that matters. And it has fallen from the peak during Covid. It’s still too high compared to before the GFC but if...
How much do you think the renovation cost?
Compound interest has been described as the ‘eighth wonder of the world’. In another forum relating to FIRE someone asked the question when folks...
"The payment of dividends represents a reduction in the company’s value that precisely matches the amount paid". Dividend Growth Investing I'm...
I’ve had an IP in Canberra since 2004 (a new build in the Gungahlin area) and yes the land tax is quite significant now however I really don’t...
I have a bit of a unique situation in that I live and work in the US and own IPs back in Australia. All the numbers below are in AUD for...
Good points Peter. They are coming off fixed in just over a year on their other loans - I think by then we will definitely shop around for a...
They are now on 5.38% P&I investment loan.
Just an update on this - went through my premier banking manager at CommBank and he got my parents a 1.25% discount o_O Guess it was worth it to...
My two parents 79 and 73 both retired have an IP in Canberra with CommBank paying 6.63% P&I on a $165k mortgage on a property worth about $1mil....
Oh man there’s nothing like hurtling to 100kmh in 3 and a half seconds while getting your back massaged with those amazing seats. I agree getting...
Congratulations on your success!! What kind of attention do you get on the road with that beauty? Sometimes a little negativity? People trying to...
And under the luxury car tax threshold too! Smart.
Curious what luxury/sports cars the financially savvy folks on this forum drive around? Appreciating the depreciation aspects and also the fact...
I've worked in the US for the last 7 years and kept my Aussie IPs... and glad I did given the asset price increases over the pandemic! I cannot...
Hi I live and work in the US on an E3 visa and have been here for the last 7 years (and also own investment property in Australia). It is...
Has anyone considered the concept of CoastFIRE that is once you have enough invested to meet your needs once you hit your retirement date, take on...
Premium economy is the sweet spot for me - business class food and wine (on Qantas), dedicated cabin crew and enough recline to let you sleep.
Who would lend P&I to my retired parents in their 70s on a guaranteed lifetime public sector pension? And very low LVR perhaps 20% for their two...
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