We need Financial Advice

Scaphella,
First of all, if it makes you feel just a touch better that you are not alone…you are not alone

We are in a similar situation. Our decision would be definitely to ride it out if not for the fact we want to upgrade our PPOR in an area of Perth that is already increasing, while our investments are in areas that are still nose diving.
Will soon be taking the amazing Terry_w ’s advice and posting our scenarios for feedback.
However - intention is not to hijack this thread.

Questions for you: Have you considered selling your PPOR? instead (you indicate your purpose is to upgrade). Also are you able to value add to any of the IP’s or the PPOR? Eg Our loss on one IP would currently be approx $100K, if we subdivided, this would reduce the loss.

For Perth at the moment, I think Jess' question of where the properties are is an important one.

 

If you prefer to buy meat from a fisherman that has strong views on steak that is logical.

You misunderstand what financial advice is. Finance advice is not credit advice. Brokers may only give credit advice.

 

Sorry I meant we want to Move on from our PPOR and upgrade to something larger.

 

It looks like your loans are cross collateralised, so even if you sell the PPOR you're likely to have to significantly reduce the loans on your IP's.

There may be a way to restructure the loans and do a security substitution on the PPOR which may allow you to do what you hope to, without having to realise losses, depending what your servicing looks like.

Can you increase your cashflow on the Marangaroo property by developing it? It's expensive to hold, but you may find building on it now, and/or subdividing will increase both the yield and equity either through cashflow from new build, sale of block etc.