Hi Desmo,

The interest payment would have effectively gone up by the reduction of funds in the off set. Is this allowed.

Your words sound to me like you are doing things absolutely correctly. An Offset account has your spare $$ sitting in it, and, being your money (Tax paid, etc) may be used for any purpose at all. The removal of those funds…[Read more]

Hi Melissa,

A good question, and one oft-asked – “Do we invest before buying a PPOR (own home)?” Click on the link below, then check out the third post in that thread. It takes you by the hand and shows you the answer. Of course, it may not be the WHOLE answer, as it is written as though “financial reasons” are all that exist.…[Read more]

Hi Benny,
Great name you have there !! ;) You sound like a younger person just wanting to find out about property investing, so let me point you to a thread that will answer a lot of questions you don’t even know you have (including the one re “do I buy my own home first, or an investment?”).…[Read more]

Hi Benny,
Great name you have there !! ;) You sound like a younger person just wanting to find out about property investing, so let me point you to a thread that will answer a lot of questions you don’t even know you have (including the one re “do I buy my own home first, or an investment?”).…[Read more]

Hi VYAW,

But it will obviously take longer to pay off the larger loan.

Hmm, if that is part of your plan, then you are likely right. But what if paying them off is NOT part of your plan? Have you given that option some thought?

e.g. Did your Mum and Dad pay off a $40,000 home over 30 years? What if they had also owned an investment…[Read more]

Hi Mark,
Like others, I see several points made that would have me “looking elsewhere” for my investment. ;)

One, it doesn’t sound like a great discount, and I wonder why the current owners are looking to move it to you?

Two, with “family friends” occupying it, this brings its own set of warnings with it. It is possible that any…[Read more]

Hi Reiya,
I’m with “walking to run” who says

Ill leave your scenarios to someone better qualified to answer but i think you need to step back first and talk to some brokers, there are many on here and hopefully they will help.

Yes the whole scenario is complex – but it is like eating an elephant. One bite at a time you can do it.…[Read more]

Hi Reiya,
I’m with “walking to run” who says

Ill leave your scenarios to someone better qualified to answer but i think you need to step back first and talk to some brokers, there are many on here and hopefully they will help.

Yes the whole scenario is complex – but it is like eating an elephant. One bite at a time you can do it.…[Read more]

Hi Justin,
I’m sure I have heard of such things happening. Of course, it will all come down to “the numbers”, and these will emerge based on the location, the Council, and the builder themselves.

Hopefully someone who has done (or is doing) deals like this can step in to give you better direction, but good one for asking anyway.

Benny

Hi Tiger,
The main thing you are seeing is how there are two major “parts” of any Finance Deal. One is LVR the other is DSR. And either one can limit you.

Richard, or other Mortgage Brokers on here, can take you chapter and verse through the complexities of all this.

Right up, I’d say you are in GOOD shape with $600k of equity. Yes,…[Read more]

Hi Wadez,

Thanks for the idea…. Do you have an idea that such a decline is likely?

Hi Wadez,

1. Click on “Forum” at top of page (between Home and News)
2 This shows a forum Index – choose which forum you want to start a thread in (click on the forum you want)
3. Now that you are in one forum, at top left a “New Topic” button appears – click that, then follow the bouncing ball,

Benny