Hi, probably a silly question…. If money is borrowed to pay for a deductible expense for a rental property, is the interest deductible as well?
Let's do a calculation and assume you're on a brand new 30 year mortgage for $1m on P&I at an interest rate of 2%. This would mean a monthly...
I read most of the threads (even terry's ) before posting this. I've got more confusion as everyone's opinion is different on this topic. Story...
Hi all, I took out a loan (with CUA) using the equity in my PPOR to purchase an IP several years back. The balance of the IP purchase was taken...
The Reserve Bank Board meets next week on February 1. The Governor will be addressing the National Press Club on February 2 and the Bank will...
I almost forgot this question. Worth revisiting as it does come up at times. Like a question i was asked today. Q : Can I deduct expenses for...
How much do most people understand about interest rates? Simple interest (interest charged on full value of the loan not on the balance)...
I know this is a crystal ball question asking for predictions on how the interest rates will move, but on a hypothetical situation with a 1...
Hopefully i have posted in the right area. Hey all i have a question about having your loan on IO. Is this a strategy for some people if so what...
I believe that having the longest term for our house loan is a good choice. The longer the loan period, the cheaper the monthly payment, which can...
We have a property under a family trust with a corporate trustee. Is it ok to pay its loan interest and other expenses from our personal bank...
I am not referring to bridging finance or development or commercial loans what is the highest interest rate you are paying on a residential property?
Hi there, I am just playing out some scenarios. Lets say I am on a fixed rate P&I loan started in October 2020, at 2.59% over a 3 year period....
A poll, I want to see how much people are paying for their PPOR interest each month. Let me say, when we bought our North Epping home in 2008,...
Hi everyone I am considering withdrawing $200,000 from an investment property worth $430,000 which will soon be unencumbered. (Certificate of...
If you offer a property rent free or rent paid for 99 years can you still claim the interest ?
Back when I purchased my home I attempted to pay stamp duty when it was due. For some reason which has never been explained NSW Revenue did not...
Reserve Bank will cut the interest rate to 0.1 per cent
Hi all, I had a fixed investment property loan with CBA and recently refinanced with ANZ. During the refinance, i 'extracted' equity (albeit,...
Hello all, interested to hear the thoughts of the PC community about the impact of low rates for an extended period. Some context, since the GFC...
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