Best way to finance renovation on PPR

Discussion in 'Loans & Mortgage Brokers' started by wannabe, 13th Jan, 2021.

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  1. wannabe

    wannabe Member

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    3rd Feb, 2017
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    Sydney
    We are planning some substantial renovations on our PPR.

    We have sufficient money in our offset to cover the loan. Is the best way to use the offset?
     
  2. Trainee

    Trainee Well-Known Member

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    dont understand what this means.
     
  3. Lindsay_W

    Lindsay_W Well-Known Member

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    1st Jul, 2015
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    QLD
    Maybe better than getting further non-deductible debt, can't say for sure as don't know your whole circumstance/future plans for the property (eg. will it become investment one day)
     
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
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    Location:
    Australia wide
    Borrow at owner occ rates
    then loan shuffle or debt recycle to get OO rates on investments.