Using a different lender for IP’s was simply so that, if the proverbial ever hit the fan, my lender would not have the choice of selling my PPOR from under me.  Given that it is common to have had many years of paying down its debt before getting into IP’s, and its value is likely to have climbed, if a lender wanted to get their money, the PPOR…[Read more]

Using a different lender for IP’s was simply so that, if the proverbial ever hit the fan, my lender would not have the choice of selling my PPOR from under me.  Given that it is common to have had many years of paying down its debt before getting into IP’s, and its value is likely to have climbed, if a lender wanted to get their money, the PPOR…[Read more]

Hi Wayne,

Is this how it works? Also borrowing 100% value, will I also have to pay LMI for the amount over 80%?

Surely it would depend on whether you went for two separate loans or a cross-securitised loan.  By going for two separate ones, you would eliminate LMI (I would think).  e.g. Borrow deposit/costs against your PPOR.  Take out a se…[Read more]

Hi Wayne,

Is this how it works? Also borrowing 100% value, will I also have to pay LMI for the amount over 80%?

Surely it would depend on whether you went for two separate loans or a cross-securitised loan.  By going for two separate ones, you would eliminate LMI (I would think).  e.g. Borrow deposit/costs against your PPOR.  Take out a se…[Read more]

Hi BJ,

I’m from the South side of Brisbane (Logan actually) so I would say don’t go 40 mins or you’ll be into greenfield estates (i.e. all new and expensive – e.g. Yarrabilba, Coomera).  I think your choices mentioned are nearer 25 – 30 mins and are older burbs with a lot of possibilities for renos and/or positive gearing.  Other similar o…[Read more]

Hi BJ,

I’m from the South side of Brisbane (Logan actually) so I would say don’t go 40 mins or you’ll be into greenfield estates (i.e. all new and expensive – e.g. Yarrabilba, Coomera).  I think your choices mentioned are nearer 25 – 30 mins and are older burbs with a lot of possibilities for renos and/or positive gearing.  Other similar o…[Read more]

TIme for a bump (drawing your attention to the previous post).

With Christmas coming up, what better gift could we give than a book that reveals the mysteries of Money, how to make it “work” for you, and how to use it in the best ways to enrich our lives, and those of others too?

On a par with “The Millionaire Next Door” (a favourite of mine),…[Read more]

Well, here we are another month or two down the track.  Yep, the Cash Rate went up again on Melbourne Cup day.  Needed?  Not in my book (as you probably know already….) but with Govt continuing to spend up large while all mortgage holders get hammered, the “basket of goods” showed inflation was “still not coming down quickly enough!”   Spar…[Read more]

Well, here we are another month or two down the track.  Yep, the Cash Rate went up again on Melbourne Cup day.  Needed?  Not in my book (as you probably know already….) but with Govt continuing to spend up large while all mortgage holders get hammered, the “basket of goods” showed inflation was “still not coming down quickly enough!”   Spar…[Read more]

Hi dd81,

First off, I am NOT any kind of accredited adviser, so I simply present a few ideas and opinions that may help you reach a conclusion or two.  Of course, anything I mention should be confirmed via your own accountant or other adviser.

You look to be in really good shape, and have some important choices to make.   Here are a few th…[Read more]

Hi NL888,

Good to see that Steve has replied already.  One other thing that is rarely mentioned (I first heard it from Steve MANY years back) is that Depreciation deductions are added back on sale so that you end up paying for those earlier deductions anyway (perhaps via CGT??)  I am not sure on that, but it could also be a good reason to NOT c…[Read more]

If you’ll pardon my levity, the result came as “No” surprise !!!   Many of the Yes protagonists are blaming it on the No voters (saying they are racist and other such nonsense).   In fact, the Referundum contained so little detail as to be almost a blank cheque that our PM wanted us to sign.  And now he is surprised we said no?  Says a lot about…[Read more]

Hi Lukey,

  Is it just me or is property going to become literally unaffordable to future generations?

It’s a good question.  I think it is a perennial question too.  I recall hearing similar questions for the last decades that I have been aware of.  Back in the day, 3 years of a wage would buy the average house (1950’s and 60’s).  Things chan…[Read more]

Hi Lukey,

  Is it just me or is property going to become literally unaffordable to future generations?

It’s a good question.  I think it is a perennial question too.  I recall hearing similar questions for the last decades that I have been aware of.  Back in the day, 3 years of a wage would buy the average house (1950’s and 60’s).  Things chan…[Read more]

Hi Lukey,

  Is it just me or is property going to become literally unaffordable to future generations?

It’s a good question.  I think it is a perennial question too.  I recall hearing similar questions for the last decades that I have been aware of.  Back in the day, 3 years of a wage would buy the average house (1950’s and 60’s).  Things chan…[Read more]

Hi Lukey,

  Is it just me or is property going to become literally unaffordable to future generations?

It’s a good question.  I think it is a perennial question too.  I recall hearing similar questions for the last decades that I have been aware of.  Back in the day, 3 years of a wage would buy the average house (1950’s and 60’s).  Things chan…[Read more]

Sad to say, not a lot has changed in the last three months – except that “Extinction Rebellion” protagonists appear to have gone to ground (thank heaven for that!!).    Solar panels continue to be added to the grid.   The more that are added, the more sensitive the grid becomes.

Think about this – the grid needs stability to prevent brown or blac…[Read more]

Sad to say, not a lot has changed in the last three months – except that “Extinction Rebellion” protagonists appear to have gone to ground (thank heaven for that!!).    Solar panels continue to be added to the grid.   The more that are added, the more sensitive the grid becomes.

Think about this – the grid needs stability to prevent brown or blac…[Read more]