https://www.propertyinvesting.com/members/baconballs/activity/ Activity feed for baconballs. Wed, 15 Apr 2026 16:06:21 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1590829951d97a721ae2c798a12dfa03 https://www.propertyinvesting.com/topic/4392367-pay-off-new-ppor-or-just-pay-interest/#post-4583022 Mon, 25 Feb 2008 09:43:03 +0000 Ahh… thank you. Terry, now I'm beginning to understand why you're advocating IO loan only if there's even a slightest change I'll convert it to an IP..

]]> 091989b0d0bede0c7ced7b7ed70f3315 https://www.propertyinvesting.com/topic/4392367-pay-off-new-ppor-or-just-pay-interest/#post-4583019 Thu, 21 Feb 2008 03:52:40 +0000 Pardon my stupid question, but do you earn interest on the amount in the offset account (such as those savings account)? Or it's just there to reduce the amount of interest you pay on the loan?

]]> fef6f7e4f85069b3e5e32b5a8342996f https://www.propertyinvesting.com/topic/4392357-what-type-of-loan-is-suitable-in-this-situation/#post-4582980 Wed, 20 Feb 2008 23:54:16 +0000 True, I see free offset with even higher interest but that negates the advantage of low to zero fees.So far, I'm tending to go with a big bank because of the flexibility and also I have intentions of getting an IP in the next year or so. I'm trying to negotiate waiver of the annual fees associated with such packages but it seem really hard as the…[Read more]

]]> 013cffae29135ebee761ea7e6ba90bdd https://www.propertyinvesting.com/topic/4392357-what-type-of-loan-is-suitable-in-this-situation/#post-4582978 Tue, 19 Feb 2008 05:40:13 +0000 Terry, thanks. Now I know why financial institutions charge you for the offset account. My main reason for going with a basic no frills home loan is to save on the monthly account or servicing fees such as those incurred with a professional package account.Unfortunately, I'm not able to find a free offset account so I'll most probably stick with…[Read more]

]]> 11fb5a07aa9d1ba76763efe579139883 https://www.propertyinvesting.com/topic/4392357-what-type-of-loan-is-suitable-in-this-situation/#post-4582976 Mon, 18 Feb 2008 00:12:37 +0000 Hi Terry,What I don't understand is if I'm planning to buy & hold it for the long term, shouldn't I be trying to pay off the principle instead of just paying interest only?Also, is it considered counter-productive since I'm negative gearing to claim tax benefits incurred through interest etc and on the other hand to have an 100% offset account to…[Read more]

]]> 194d8317cc0b80043581b9c8012a1bad https://www.propertyinvesting.com/topic/4392357-what-type-of-loan-is-suitable-in-this-situation/#post-4582974 Sun, 17 Feb 2008 10:50:27 +0000 Not too sure about the other states, but from my limited understanding for NSW as long as I stay a minimum of 6 months within 12 months of the purchase of the property I can claim using FHOG.

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