PropertyInvesting.com | bjsaust | Activity https://www.propertyinvesting.com/members/bjsaust/activity/ Activity feed for bjsaust. Sun, 12 Apr 2026 11:26:07 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 88cd2f8808db65947513ef6f478b830b bjsaust replied to the topic Advice on losing situation in the forum Help Needed! https://www.propertyinvesting.com/topic/5008210-advice-on-losing-situation/#post-5008293 Thu, 04 Jun 2015 00:38:24 +0000 The interest rate last year was (majority of the time) 5.01%. Approximately $185k against the investment property (interest only for first 15 years), with the deposit, all purchase costs (including stamp duty), and ongoing costs above rent from a LOC against our PPoR which started around $45k drawn down and is now around $60k drawn down ($90k…[Read more]

]]> 840196d8eb52cfa3a32c0dd1dada05fb bjsaust started the topic Advice on losing situation in the forum Help Needed! https://www.propertyinvesting.com/topic/5008210-advice-on-losing-situation/ Wed, 03 Jun 2015 01:47:45 +0000 I don’t expect answers, but any advice or thoughts on what I could consider would be really appreciated.

Around 4 years ago I bought a property in Ballarat. At the time it returned around 6.3% which was high for the area ($260 p/w rent paid $215k), and whilst it looked slightly negatively geared my thoughts at the time were that with improved…[Read more]

]]> b12841db8300780824203ebc96c927de bjsaust replied to the topic Thinking of selling negatively geared property in Ballarat in the forum General Property https://www.propertyinvesting.com/topic/4993270-thinking-of-selling-negatively-geared-property-in-ballarat/#post-4993394 Mon, 04 Aug 2014 23:53:26 +0000 Yeah, I’m getting a valuation done by the agency that handles the renting so I have a better idea of where I stand. My hope was that even taking those costs, and losses during ownership, to make a small profit, but I think we might be looking at a small loss instead, which could make for a more interesting decision.

]]> dac4eec9a67cdb5a236c7e45fe139c2f bjsaust replied to the topic Thinking of selling negatively geared property in Ballarat in the forum General Property https://www.propertyinvesting.com/topic/4993270-thinking-of-selling-negatively-geared-property-in-ballarat/#post-4993335 Sat, 02 Aug 2014 03:46:04 +0000 Line of credit. Interest only for the first 15 years.

]]> 5a9d4d4df435da6e24662c59fad6c34d bjsaust started the topic Thinking of selling negatively geared property in Ballarat in the forum General Property https://www.propertyinvesting.com/topic/4993270-thinking-of-selling-negatively-geared-property-in-ballarat/ Thu, 31 Jul 2014 02:34:48 +0000 Bought the property 2-3 years ago for $215 and rented for $260 pw. At the time with transport improvements I was thinking there’d be more people moving to Ballarat for the lifestyle while commuting to Melbourne, and thought that would result in rising rents, so the hope (plan) was that rents would quickly increase to offset the losses initially.…[Read more]

]]> f9ea4cd3e986fef54e79ce6ce654f56d bjsaust replied to the topic SMSF loan interest rates in the forum Thanks. I know they were https://www.propertyinvesting.com/topic/4407065-smsf-loan-interest-rates/#post-4673322 Wed, 11 Jul 2012 12:01:34 +0000 Thanks. I know they were popular back when I set it up, but I also noticed that banks have reduced LVR maxes for SMSF loans since then (did need 30% deposit, I gather now 20% is more common), so I'd hoped they'd also gotten more flexible with rates.I don't have the offset account setup, but its not a bad idea. I'm only getting about 3.5% on my…[Read more]

]]> d62af6270383087b8090f4a69dd2a498 bjsaust replied to the topic SMSF loan interest rates in the forum Finance https://www.propertyinvesting.com/topic/4407065-smsf-loan-interest-rates/#post-4673319 Mon, 09 Jul 2012 06:05:53 +0000 Ok. Thanks very much for the reply :).

]]> d9e8541834a4ed43c16cd405beac70b8 bjsaust replied to the topic Tax benefits of 'lease' or 'hire purchase' for a car? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4405082-tax-benefits-of-lease-or-hire-purchase-for-a-car/#post-4658231 Wed, 02 Nov 2011 22:14:32 +0000 My first lease I deliberately got a car with good resale value so I could pay it out, on-sell it for profit and get a new lease. Worked out I'd make around $5k profit. However by the time I renewed registration, needed new tires for roadworthy, and some competition on carsales.com meant I dropped my price by a couple $k I think I made about $1.5k…[Read more]

]]> 3ea8762d76c9b9dd837d734b62fbf403 bjsaust replied to the topic Tax benefits of 'lease' or 'hire purchase' for a car? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4405082-tax-benefits-of-lease-or-hire-purchase-for-a-car/#post-4658223 Tue, 01 Nov 2011 22:54:36 +0000 The lease has nothing to do with the use of the car. Its just a salary perk. The only tax-effect I'm aware of is that you can't claim travel with a lease car when you could with your own. Because technically the car is owned by your company, not you.Yes, a novated lease should cost you nothing. Petrol, insurance, servicing, road-side assistance,…[Read more]

]]> f8dad00626a5978cae5be0cfc49921ec bjsaust replied to the topic Tax benefits of 'lease' or 'hire purchase' for a car? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4405082-tax-benefits-of-lease-or-hire-purchase-for-a-car/#post-4658221 Tue, 01 Nov 2011 09:54:01 +0000 Its not really that complicated. Most people will go with a Novated lease, which includes maintenance costs as well as the lease costs. The payments are deducted from your salary pre-tax, so you save money. On the other hand, its a loan, you're paying interest. That costs money. So say your lease costs you $10k per annum. At 30% tax rate, thats…[Read more]

]]> bf68553fb335cd6de7153ed6cc3699ea bjsaust replied to the topic Tax benefits of 'lease' or 'hire purchase' for a car? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4405082-tax-benefits-of-lease-or-hire-purchase-for-a-car/#post-4658218 Tue, 01 Nov 2011 03:38:51 +0000 fWord wrote:
My money is in property and I have mortgages to pay, so I don't really see how I could potentially upgrade my car and NOT expect to have to lay out more money on a depreciating object and possibly affect my borrowing capacity for future property purchases. Plus, I'm only in the '30% tax bracket' but I do travel a fairly substantial…[Read more]

]]> 5577ce144193d0bebefb243ad62d041d bjsaust replied to the topic abc financial group (a better choice) in the forum Help Needed! https://www.propertyinvesting.com/topic/4403509-abc-financial-group-a-better-choice-2/#post-4646972 Tue, 01 Nov 2011 00:12:28 +0000 Ignore growth, its about cashflow.Cashflow is negative.Ummm…

]]> c0cfea8ca39aba9ee776256851c3f5f9 bjsaust replied to the topic Single Dwelling Covenant - Go ahead or stay away in the forum Help Needed! https://www.propertyinvesting.com/topic/4405075-single-dwelling-covenant-go-ahead-or-stay-away/#post-4658193 Mon, 31 Oct 2011 04:16:38 +0000 Talk to the council. They obviously won't give you a guarantee, but they should be able to indicate their willingness to let people sub-divide these properties.

]]> 6fdabd587e236bb8683f7cf8d11758de bjsaust replied to the topic negotiating this price in the forum Help Needed! https://www.propertyinvesting.com/topic/4405053-negotiating-this-price/#post-4658049 Mon, 31 Oct 2011 04:14:04 +0000 He clearly said he only had 300k to spend. Its not a matter of what he thinks its worth, its what he can afford to offer.

]]> 94255923d635d8b52bfff88bcc467c04 bjsaust replied to the topic negotiating this price in the forum Help Needed! https://www.propertyinvesting.com/topic/4405053-negotiating-this-price/#post-4658044 Sun, 30 Oct 2011 04:43:28 +0000 Some good thoughts in here. I'm no expert, but here's what I would do.Written offer.$300kA minimum settlement period but beyond that vendor to choose settlement date (i.e., you probably don't want less than 30 days but up to them if they want later than that)Bare minimum of conditionsFinal offerDeadline of 24hrs to accept.A bit of give and take,…[Read more]

]]> 4b7552d98a4d1d827c9c849a6d868a13 bjsaust replied to the topic Capital Gains in the forum Yeah, I believe you https://www.propertyinvesting.com/topic/4405063-capital-gains-18/page/2/#post-4658131 Sat, 29 Oct 2011 05:45:41 +0000 Yeah, I believe you can.Even if things seem straightforward, everyone's situations are different. You're unlikely to lay your life out here for the world to see, but with an accountant you can let them know the exacts of the situation and plans for the future and you never know what they might come up with. Its the things you don't realise are…[Read more]

]]> 045b77f49681b7ab63d035fc009d6146 bjsaust replied to the topic Capital Gains in the forum Help Needed! https://www.propertyinvesting.com/topic/4405063-capital-gains-18/#post-4658126 Sat, 29 Oct 2011 04:41:48 +0000 I don't get why people become involved in hundreds of thousands of dollars worth of property deals, but wont invest a couple hundred dollars talking to an accountant. If you've owned this property for 5 years, and plan to buy more in the future, you should already have a relationship with an accountant, but given you don't now's the time to…

]]> d94c8b16589c35edf56b808946106835 bjsaust replied to the topic IP2 Purchase Advice Needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4405064-ip2-purchase-advice-needed/#post-4658141 Sat, 29 Oct 2011 04:34:43 +0000 Qlds007 wrote:
No that is incorrect as the Title defines who claims the Tax deduction and not who borrowers the money.I hate to say it doesnt sound like your Broker has any idea on loan structure as Jamie initially mentioned it is a bot of a mess.

I'd really think about seeing an accountant also…

]]> d052c2481c09538ec910ebc3da9a7bb4 bjsaust replied to the topic IP2 Purchase Advice Needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4405064-ip2-purchase-advice-needed/#post-4658140 Sat, 29 Oct 2011 04:19:40 +0000 Paullie wrote:
I reduce my negative gearing capability in IP2 as it will only be in my name, and I am the sole bread winner paying 80k+ tax a year.

However you structure it, you should end up with the same amount of debt, paying the same amount of interest, set against the same amount of income.

]]> 367ddf554ae060f9e72a6127656f49d2 bjsaust replied to the topic Renovation loans in the forum Finance https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657739 Sat, 22 Oct 2011 10:55:25 +0000 I wouldn't even take it off the market. Just market it for the price you eventually want to lease for and leave it up.

]]> a9b38316430a276715684e07adbd9fa6 bjsaust replied to the topic Future Subdivision Advice Needed in the forum Value Adding https://www.propertyinvesting.com/topic/4404944-future-subdivision-advice-needed/#post-4657247 Fri, 21 Oct 2011 04:34:16 +0000 Are you sure they're decreasing public housing in that suburb, and not just focusing elsewhere for new public housing?

]]> b0be791dac84277f38447a7a50a6d2d6 bjsaust replied to the topic Remedial notice - QLD in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405003-remedial-notice-qld/#post-4657705 Fri, 21 Oct 2011 03:32:35 +0000 Maybe you should slow down and explain the situation and what it is you're trying to achieve?

]]> ae97f7b38397b3fd8a8d8369bf385efd bjsaust replied to the topic Renovation loans in the forum Finance https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657731 Thu, 20 Oct 2011 22:39:25 +0000 Hmm, in that case I suspect your accountant is confused, maybe like me he's confused your past with your plans. The renovation is a capital expense incurred as an investment. If you borrow money for it, the interest should be deductible.

]]> e8df5e21979fecd3d703184301ac6f24 bjsaust replied to the topic Renovation loans in the forum Finance https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657729 Thu, 20 Oct 2011 10:35:51 +0000 Well that's two different things. You're talking about living there while you renovate?

]]> 0c74b4338e9cd56f3d86113e540eedb7 bjsaust replied to the topic Renovation loans in the forum Finance https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657727 Thu, 20 Oct 2011 06:27:35 +0000 Think of the condition of the house when you buy it as the starting point. Work to bring a property back up to the starting point is a repair, work to improve the property beyond the starting point is an improvement. So even if its run down when you buy it, you're not repairing it, you're improving it.  A repair cost is immediately tax…[Read more]

]]> 73a7a2ddfda4eae506eb8c6aa4f21778 bjsaust replied to the topic Fencing laws victoria in the forum General Property https://www.propertyinvesting.com/topic/4404993-fencing-laws-victoria/#post-4657609 Thu, 20 Oct 2011 05:15:42 +0000 Hmm, interesting. I guess I've only heard of situations where the existing fencing could be considered sufficient for the purposes of both parties.

]]> eaa48d47266e7c0ea3c7f9ee27f1d390 bjsaust replied to the topic Fencing laws victoria in the forum General Property https://www.propertyinvesting.com/topic/4404993-fencing-laws-victoria/#post-4657607 Thu, 20 Oct 2011 03:14:39 +0000 As far as I'm aware you're never in an obligation to pay for new/replacement fencing. If you agree to fence then you need to pay 50%, but you aren't required to agree.Now this might be different for different councils maybe? Or if there is no existing fence at all? I'd call the local council and ask them.

]]> 19b2485132330f7f176173d654dbdd6c bjsaust replied to the topic What annoys you about property management? in the forum General Property https://www.propertyinvesting.com/topic/4404987-what-annoys-you-about-property-management/page/2/#post-4657564 Thu, 20 Oct 2011 03:09:36 +0000 Wow, I read threads like this, and I'm so happy I accidentally stumbled onto a great manager. Great communication (both ways) regular inspections, verbal catchup after each inspection with a following written report. Advice if I ask for it. Happy to put rents up. Vets potential tenants and presents top few for us to choose from. As far as I can…[Read more]

]]> d1238163ce2e4917e5708682e15d5fd2 bjsaust replied to the topic Why Aren't You Buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404972-why-arent-you-buying/page/2/#post-4657453 Wed, 19 Oct 2011 23:15:38 +0000 Jamie M wrote:
If serviceability is really tight – look at fixing some (or all) of the loan. They assess the serviceability on fixed rates differently. That said though – you need to make sure you can afford it! Look at your income/expenses and make sure that it won't be placing you in any financial hardship.

Its very easy (and tempting) to…[Read more]

]]> 08b7903e721e22ecbd620f1da3fecc8d bjsaust replied to the topic Developer want to purchase my house in the forum Help Needed! https://www.propertyinvesting.com/topic/4404989-developer-want-to-purchase-my-house/#post-4657597 Mon, 17 Oct 2011 23:06:37 +0000 The only questions you should be asking yourself are "Do I want to sell? If so, for how much?".People seem to get carried away when a developer knocks on their door for some reason.

]]> e290a44bac40505583e42e7277067b39 bjsaust replied to the topic Why Aren't You Buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404972-why-arent-you-buying/page/2/#post-4657444 Mon, 17 Oct 2011 23:02:35 +0000 Risk/Reward tradeoff at the moment. Just settled and rented out a nice 3 bedroom house giving us that, a block of 3 flats and our PPoR. Could probably afford another one, but right now I'd prefer to make sure we have comfortable reserves in serviceability, and start paying the PPoR down aggressively. Whilst the next movement in rates will almost…[Read more]

]]> c96925800c2768d8e683c91584314d4a bjsaust replied to the topic First IP - crunching the numbers - am I on the right track - Vendor Finance in the forum Help Needed! https://www.propertyinvesting.com/topic/4404919-first-ip-crunching-the-numbers-am-i-on-the-right-track-vendor-finance/#post-4657093 Mon, 17 Oct 2011 01:47:57 +0000 lifestylez wrote:
Your numbers look mostly correct to me.  Don't forget you can claim depreciation on newer properties which will increase your after-tax cashflow.  For example, if your gross cashflow on the property is -$15,000/year:Tax Saving @ 30% tax rate: $4,500$10,000 Depreciation @ 30% tax rate: $3,000Therefore your after-tax cashflow i…[Read more]

]]> a8c26301daae139665e0a17b613661ae bjsaust replied to the topic The renovators in the forum General Property https://www.propertyinvesting.com/topic/4404956-the-renovators/#post-4657316 Fri, 14 Oct 2011 00:23:50 +0000 For a lot of the final show I really wondered how they'd handle a total profit of only around $10k. After months of contestants talking about how winning the show would be "life changing".  And no, I don't imagine the other contestants got paid anything, it was a competition, the risk was to spend all that time and walk away with nothing.For all…[Read more]

]]> 58fafe0c765c070861dcfa4183d72a98 bjsaust replied to the topic RENTAL RETURN in the forum General Property https://www.propertyinvesting.com/topic/4404947-rental-return/#post-4657258 Wed, 12 Oct 2011 04:20:11 +0000 Don't forget a depreciation schedule.

]]> 761483407966fc9e049e6d2f13b8d788 bjsaust replied to the topic Property Investing in the next 5 years in the forum General Property https://www.propertyinvesting.com/topic/4404943-property-investing-in-the-next-5-years/#post-4657242 Wed, 12 Oct 2011 04:09:11 +0000 In an inflationary world, expect higher (perhaps much higher) interest rates, so if we get into that boat people will need to be in a position to handle increased repayments, be that from income, or from reserves. I've been reading a lot lately too, and I'm darned if anyone can tell if we're going into a period of hyper-inflation, deflation, or…[Read more]

]]> 895438d7e415700cb1da03bc5f2fcae7 bjsaust replied to the topic Interdependant relationships in the forum Opinionated! https://www.propertyinvesting.com/topic/4404856-interdependant-relationships/#post-4656719 Sat, 08 Oct 2011 02:30:58 +0000 You seem to be confusing independent with interdependent. Interdependent would imply the partners depend upon each other.

]]> f6edfd71855a5b4e745b22eacd6d8aa1 bjsaust replied to the topic Rant about realestate.com.au, commercialrealestate.com.au etc in the forum Opinionated! https://www.propertyinvesting.com/topic/4404336-rant-about-realestate-com-au-commercialrealestate-com-au-etc/#post-4653095 Sat, 08 Oct 2011 02:22:13 +0000 I don't mind them, but I don't get why all sites have a search criteria of 'more than' for everything other than price. If I want to look for 2 bedroom apartments, I want to look for 2 bedroom apartments, not 2+ bedrooms. Just seems like a strange criteria they all enforce.

]]> 763dcb92beaced683e447d95b32c2ef7 bjsaust replied to the topic I'll huff and puff and take your home away in the forum General Property https://www.propertyinvesting.com/topic/4404715-ill-huff-and-puff-and-take-your-home-away/#post-4655719 Sat, 24 Sep 2011 04:53:41 +0000 Don't disagree with either of you. I guess I'd say calculated risk is good, but blind risk is bad. Its the people who just accept that what the banks will loan them is what they should borrow that scare me (for their sakes). Its like the people who hear that negative gearing is good and paying tax is bad, so they run out to buy the most negatively…[Read more]

]]> 8b36c28bb6ad654dce0f8d2c847b2cf6 bjsaust replied to the topic I'll huff and puff and take your home away in the forum General Property https://www.propertyinvesting.com/topic/4404715-ill-huff-and-puff-and-take-your-home-away/#post-4655716 Tue, 20 Sep 2011 10:16:44 +0000 itsandrew wrote:
Nice allegory but it seems to be a bucket of cold water on aspiration.Kevin who then should own property?  Are you advocating a return to serfdom?  I'd be interested in your thoughts on this especially for the third little pig.Andrew

I didn't interpret it that way, it seemed more a warning of the dangers of over-committing in a…[Read more]

]]> 1824ec004d07928763da10c9b1fbcd6c bjsaust replied to the topic legal question about settlmen in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404315-legal-question-about-settlmen/#post-4652918 Wed, 27 Jul 2011 23:07:52 +0000 (Terry, correct me if I'm wrong)..A contract is only unconditional after all the terms have been satisfied. If the deposit was a term in the contract that hasn't been satisfied, then the contract can't be unconditional  yet. Check the wording on the contract.

]]> 844d602e1faad98dfe602a6dd92d037d bjsaust replied to the topic Does saving work for you? in the forum Opinionated! https://www.propertyinvesting.com/topic/4403128-does-saving-work-for-you/#post-4644015 Tue, 19 Jul 2011 12:52:56 +0000 angelinsydney wrote:
2. I never used to believe in the concept of "a lifestyle I have gotten used to." But in my old age, I discovered it is true. People get use to a certain lifestyle. And it's really very hard to wean them off the cafe latte. So, here's the clincher: there's no easy way. You will go through withdrawals. From the…[Read more]

]]> 8390c2e5764b281a4c567b3d289b1ce6 bjsaust replied to the topic Sticky situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4404197-sticky-situation-2/#post-4651605 Thu, 14 Jul 2011 04:15:18 +0000 Maybe I'm missing something, but why doesn't she just take the new job? Whats forcing her to turn up to the shop every day? You said she'd be prepared to lose the 70k and walk away, so whats the difference between signing everything over for free and taking the loss, or just going on with her life?

]]> 4e1b395f899d7336e2fd77e057663519 bjsaust replied to the topic Sticky situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4404197-sticky-situation-2/#post-4651601 Thu, 14 Jul 2011 00:33:26 +0000 I don't have any advice for your family member, but its so sad that questions like these always come after the fact. If they were so worried, all of this should have been written into some kind of business contract before they went into business together. Its strange, but its almost more important to get written agreements when doing…[Read more]

]]> 2ecc68b658f765ecefb2a7d2f445f3e3 bjsaust replied to the topic Have I dug myself into a bad tax position? in the forum By redrawing, you're https://www.propertyinvesting.com/topic/4404196-have-i-dug-myself-into-a-bad-tax-position/#post-4651597 Thu, 14 Jul 2011 00:28:33 +0000 By redrawing, you're essentially re-borrowing. You're borrowing those funds to buy your PPOR. The LOC likewise is a borrowing to buy your PPOR. Neither of these are deductible debt. Out of interest, if buying a new PPOR with greater than 100% lending is really something you want to do, to make things simpler (if your lender will allow it), I'd do…[Read more]

]]> 48cc6e35491f78eac9db1c90acf3a21d bjsaust replied to the topic 20% loan or Gift to DFT in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404179-20-loan-or-gift-to-dft/#post-4651493 Wed, 13 Jul 2011 10:03:00 +0000 bjsaust wrote:
The $3,500 loss needs to be funded somehow, so unless you get fancy, you probably gift that $3,500 to the fund

This was the part of my scenario above I was mostly interested in clarifying. How you handle this shortfall. The advice I received, was that rather than loan just the 20% (in my case my plan was and still is only 10%) to…[Read more]

]]> 6a8b64e7f4a26bd55ebd581a27c4ae1c bjsaust replied to the topic SMSF in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404175-smsf-3/#post-4651479 Wed, 13 Jul 2011 09:56:52 +0000 There's a difference between administering, and managing.

]]> 3ccd1372ec03f445a698be679fc64ec5 bjsaust replied to the topic Transferring title between spouses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404187-transferring-title-between-spouses/#post-4651553 Tue, 12 Jul 2011 23:01:39 +0000 Oh, ok. I stand corrected. I thought even in those cases it still got charged.

]]> e3204623af861034df1692cf24dcb0ab bjsaust replied to the topic Transferring title between spouses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404187-transferring-title-between-spouses/#post-4651551 Tue, 12 Jul 2011 22:30:43 +0000 Well, technically he does. But yes.

]]> 0b304d9ec06956e92034fdce75345abf bjsaust replied to the topic Options????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404184-options-3/#post-4651532 Tue, 12 Jul 2011 22:27:09 +0000 First thing I would do is confirm that your loan on the PPOR has a 100% offset account. Then I would figure on an amount that I felt good about having as a reserve buffer in case of emergencies. For instance I like the idea of paying the car off asap, but if that left you with $5k savings and your budget is $7k p/m, then you have less than a…[Read more]

]]> 281e154f7b8e04983f516b4565f71ccc bjsaust replied to the topic Why negative gearing? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404185-why-negative-gearing/#post-4651541 Tue, 12 Jul 2011 22:10:09 +0000 Well, it depends on how much money you have to put into a loan. For instance, historically houses close to the CBDs of the capital cities have had the highest capital growth, so it makes sense to buy an investment property in a suburb fairly close to the CBD if you want to maximise capital growth over the long term. However, most people would…[Read more]

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