Benny replied to the topic Taking the plunge – Or fear of paryalysis in the forum Finance 1 year ago
Hi g4d,
I am assuming we are looking at getting a IO mortgage with an offset account and moving any money saved into the offset.
That sounds like a good way to go from my point of view. The money in the Offset is all Tax Paid, so it remains yours to take out at any time for any reason. It is a good place to hold your savings for that reason, a…[Read more]
Benny replied to the topic Taking the plunge – Or fear of paryalysis in the forum Finance 1 year ago
Hi G4,
Hmm – who’s your accountant?
Our PPOR even after 10yrs where it was located did not really provide that great return and sat around the same price for many years and we only made about $300, so after CGT and fees was not left with that much.
I believe a PPOR is a CGT-free entity, thus there should have been none to pay at all on its…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year ago
Another 0.25% (sorry, that’s 10%) rise in the Cash Rate yesterday.
Or will the RBA learn the error of their ways in time to prevent a crash?
Nope – seems not !!!!!
And now time to update this quote:-
Thus another huge chunk of the populace who will face a near 140% rise in the Interest cost of their mortgage as they endeavour to re-finance,…
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year ago
Hmmm – so, after leaving a Cash Rate lift alone in April, what’s next from the RBA?
RBA Governor Phil Lowe recently shared a chart showing that even though Australia’s official cash-rate hasn’t risen as much or as fast as in other countries, the interest rates facing mortgage holders have, in fact, risen much more quickly. This is because the maj…
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year ago
Hmmm – so, after leaving a Cash Rate lift alone in April, what’s next from the RBA?
RBA Governor Phil Lowe recently shared a chart showing that even though Australia’s official cash-rate hasn’t risen as much or as fast as in other countries, the interest rates facing mortgage holders have, in fact, risen much more quickly. This is because the maj…
Benny started the topic Referendums – interesting, in light of the "Voice" proposition…. in the forum Opinionated! 1 year, 1 month ago
My local radio presented some back-data on earlier Referenda held in Australia since earliest days. Of note were these snippets:-
1. There have been 44 Referenda since Federation. Of those, only 8 have passed successfully. Every one of those 8 had bi-partisan support.
2. Back in 1967 a referendum passed with over 90% affirmative re ackn…[Read more]
Benny started the topic Referendums – interesting, in light of the "Voice" proposition…. in the forum Opinionated! 1 year, 1 month ago
My local radio presented some back-data on earlier Referenda held in Australia since earliest days. Of note were these snippets:-
1. There have been 44 Referenda since Federation. Of those, only 8 have passed successfully. Every one of those 8 had bi-partisan support.
2. Back in 1967 a referendum passed with over 90% affirmative re ackn…[Read more]
Benny started the topic Referendums – interesting, in light of the "Voice" proposition…. in the forum Opinionated! 1 year, 1 month ago
My local radio presented some back-data on earlier Referenda held in Australia since earliest days. Of note were these snippets:-
1. There have been 44 Referenda since Federation. Of those, only 8 have passed successfully. Every one of those 8 had bi-partisan support.
2. Back in 1967 a referendum passed with over 90% affirmative re ackn…[Read more]
Benny started the topic Referendums – interesting, in light of the "Voice" proposition…. in the forum Opinionated! 1 year, 1 month ago
My local radio presented some back-data on earlier Referenda held in Australia since earliest days. Of note were these snippets:-
1. There have been 44 Referenda since Federation. Of those, only 8 have passed successfully. Every one of those 8 had bi-partisan support.
2. Back in 1967 a referendum passed with over 90% affirmative re ackn…[Read more]
Benny replied to the topic The climate is changing – but in what way is that happening really?? in the forum Opinionated! 1 year, 1 month ago
Ah, what the hell – bump !! Go back two posts and tell me that news isn’t worth spending some thought on…..
Better yet, here’s the link, so you get to the one with the huge news:-
https://www.propertyinvesting.com/topic/5050126-the-climate-is-changing-2/#post-5087027
We could do with a viable alternative to the current expensive energy s…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year, 2 months ago
Hmmm…..
That same entrepreneur went into print again today. His final words (after discussing 3 banks that have failed in the US in just 3 days) were these:-
… they had substantial assets tied up in Treasuries – fixed rate securities. ………….. That’s not necessarily a problem. You can just hold them to maturity, and you just didn…
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year, 2 months ago
Hmmm…..
That same entrepreneur went into print again today. His final words (after discussing 3 banks that have failed in the US in just 3 days) were these:-
… they had substantial assets tied up in Treasuries – fixed rate securities. ………….. That’s not necessarily a problem. You can just hold them to maturity, and you just didn…
Benny replied to the topic Mortgages in a company/trust structure in the forum Legal & Accounting 1 year, 2 months ago
Hi Evan,
Do check out this link – https://www.propertyinvesting.com/topic/5086923-using-business-income-as-guarantor-to-a-loan/ – where another member asked a similar question. Also, see where Steve also added some words to help.
If you have the older books, you will be missing the “Chapter 9” that I reference. It has to be the updated book t…[Read more]
Benny replied to the topic Mortgages in a company/trust structure in the forum Legal & Accounting 1 year, 2 months ago
Hi Evan,
Do check out this link – https://www.propertyinvesting.com/topic/5086923-using-business-income-as-guarantor-to-a-loan/ – where another member asked a similar question. Also, see where Steve also added some words to help.
If you have the older books, you will be missing the “Chapter 9” that I reference. It has to be the updated book t…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year, 2 months ago
Just this morning an email from a local entrepreneur had a bunch of figures that I hope the RBA consider today when they meet. The figures showed that the wheels have already fallen off, and that households are staggering. He also quoted current CPI, GDP, jobs, and Inflation figures – all of them are showing a weakness that the RBA has been t…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year, 2 months ago
Just this morning an email from a local entrepreneur had a bunch of figures that I hope the RBA consider today when they meet. The figures showed that the wheels have already fallen off, and that households are staggering. He also quoted current CPI, GDP, jobs, and Inflation figures – all of them are showing a weakness that the RBA has been t…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year, 2 months ago
Just this morning an email from a local entrepreneur had a bunch of figures that I hope the RBA consider today when they meet. The figures showed that the wheels have already fallen off, and that households are staggering. He also quoted CPI, GDP, jobs, and Inflation – all of them are showing a weakness that the RBA has been trying to e…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year, 2 months ago
Just this morning an email from a local entrpreneur had a bunch of figures that I hope the RBA consider today when they meet. The figures showed that the wheels have already fallen off, and that households are staggering. He also quoted CPI, GDP, jobs, and Inflation – all of them are showing a weakness that the RBA has been trying to e…[Read more]
Benny replied to the topic Share house – landlord staying with tenants in the forum General Property 1 year, 2 months ago
Hi John,
I’ve sent you a Private Message,
Benny
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 year, 3 months ago
Well, well, well – on the news last night, I hear some are calling for Phillip Lowe’s resignation. I can’t say I blame them. With yet another 0.25% (wait up, that is really 10% – see earlier posts) increase, the pain just gets more and more intolerable for many. Let’s revisit an earlier statement from this topic:-
What ever happened to the RBA…
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