Portfolio Advice

jefn89 · 4th Dec, 2017

standtall said: ↑

Hi all,

This forum has been a great source of information & inspiration and hence asking for some more advice here from experienced members.

Current portfolio:

PPOR in Sydney - Valued around $900K

2 Bed Unit IP in Sydney - Valued around $700K, Rent $550 per week

2 Bed Unit IP in Central Coast - Valued around $400K, Rent $330 per week

Family income is around $300K and expected to keep growing. No other debts than mortgages.

We have 25% equity in the portfolio and everything is financed by Commbank.

Recently my wife has moved into a permanent role at one of the BIG 4s (other than Commbank) and they have offered us a better staff interest rate if we move our banking to them. Their staff rates are fairly generous compared to an already discounted rate with Commbank. The thing that has interested us the most is that the bank has the policy to finance at 90% LVR for staff without any LMI. This also means our ability to borrow more money is now just limited by our borrowing capacity which is already high due to high income.

We feel that moving the mortgages with them is a no brainer due to lower rates and other staff perks but not so sure about increasing the LVR. The advice from couple of family members is to go on a investment spree and add up to $1.5-2 million in property investments.

Thoughts?
Click to expand...

How's this looking now standtall? I'm curious.. At a guess I'd say the big 4 was WBC, they can offer generous staff benefits from what I've understood as a broker

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Portfolio Advice

jefn89 Well-Known Member

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Portfolio Advice

jefn89 Well-Known Member

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