Join Australia's most dynamic and respected property investment community

Who is Accessing Equity?

Discussion in 'General Property Chat' started by MTR, 17th Aug, 2016.

  1. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,497
    Location:
    Perth, Melbourne, USA
    Just thought I would ask, who is currently accessing equity, how are you doing this? Growth/Adding Value.... and Where/Which State?


    MTR:)
     
    Taku Ekanayake likes this.
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,162
    Location:
    Canberra and Sydney
    I'd guess that around 50% of my current apps involve an equity release for a future purchase.

    Cheers

    Jamie
     
  3. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,482
    Location:
    Sydney
    I release equity to buy Ferraris and Lamborghinis.
     
    BCR, Plutus, bythebay and 5 others like this.
  4. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,497
    Location:
    Perth, Melbourne, USA
    Jamie
    sounds good, I expect that would be in the main Sydney and Melb markets?
     
  5. joel

    joel Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    784
    Location:
    Adelaide
    Via elbow grease in SA
     
    Johnny Cashflow and MTR like this.
  6. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,497
    Location:
    Perth, Melbourne, USA

    keep it up, I mean the elbow grease:)
     
  7. kamchatsky

    kamchatsky Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    489
    Location:
    Sydney Northwest
    Released Sydney equity to buy in Melbourne (and possibly other states).
     
    MTR likes this.
  8. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,449
    Location:
    33°41'24.7"S 150°55'34.3"E
    Equity from my PPOR in Sydney is funding deposit, stamps and other buying costs for my next IP ( although I have the cash to spare I prefer to keep it in offset ).

    I've also used some equity to top up my share portfolio ( but keeping a matching cash buffer in offset to the value of the shares/ETFs purchased ).
     
    MTR likes this.
  9. MoneyMan

    MoneyMan Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    47
    Location:
    Sydney
    You would think there would be alot of cashed up mums and dad's out there ready for the next great investment
     
    Whitecat likes this.
  10. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,083
    Location:
    Perth
    Yes, Desktop vals, Perth WA :D
     
  11. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,132
    Location:
    Kimberley and NZ
    I've never refinanced any of our ips. I do it the old fashioned way, saving and am now selling the worst performers to invest elsewhere. Wouldn't discount it though if I needed to do it.
     
  12. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,497
    Location:
    Perth, Melbourne, USA
    Really? must be property you purchased in 2014?
     
  13. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,497
    Location:
    Perth, Melbourne, USA

    I would have thought there would be many investors accessing equity in particular Syd and Melb..unless selling......am also curious to see whether any other States considering the number of what's on Brissie and Adelaide
     
    Whitecat likes this.
  14. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,083
    Location:
    Perth
    It was a recent refi of PPOR and was 60k above a full val from another lender.
     
    Jess Peletier and MTR like this.
  15. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,497
    Location:
    Perth, Melbourne, USA
    nothing wrong with this and it's worked for you, however do you think this may have slowed you down, missing opportunities?
     
  16. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,083
    Location:
    Perth
    I tell people to get it while you can, when you can. If not required immediately we park it and use it when needed without incurring interest payments.

    When you realy need money is usually when you cant get it so get it when you can as its essentially free until you draw it down.

    This highlights the importance of mindset towards debt as most of us have been taught to "not have any debt" OR "pay it off as quickly as possible" and sometimes this causes blockages to forward progress. Learning to manage debt and cashflow is what is important, not debt in and of itself.
     
  17. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,132
    Location:
    Kimberley and NZ
    Possibly, but I have double figure ips and don't need a job. I definitely could have gone harder, but we had very well paying jobs, who's to say I would have made more by giving up the job and developing? Some I read about get quite average results fom developing. Agree I could have done more but I have everything I need.
     
    Foxy Moron, Marg4000, inertia and 6 others like this.
  18. Perthguy

    Perthguy Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    4,798
    Location:
    Perth
    Sounds perfect to me.
     
  19. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,497
    Location:
    Perth, Melbourne, USA
    the proof is in the pudding...excellent outcome:)
     
  20. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,132
    Location:
    Kimberley and NZ
    I have millions of dollars in debt so please don't hold me up as an example of someone with a problematic mindset. I'm willing to bet there are a lot of people who have accessed equity to the max and not progressed as I have. I have a multi million dollar portfolio and have a measured view on how to grow this further without excessive risk. Everyone's situation is different.
     
    Phar Lap, Beano, Wukong and 1 other person like this.