Thank you!

Thank you, guys!It's always learning and more learning!

Thank you for the link.

If you are keeping the boat and motorbike for your personal use, I doubt you could claim their maintenance.If you say they were available for tenant's use, and turns out they weren't when you happen to be audited by ATO, then there will be storm on the horizon.If you can't afford to buy a holiday house, then you probably shouldn't.  If you want…[Read more]

hmmm…..  not sure to say thanks or not 'coz now we are feeling gloomy!!  No, seriously, thanks guys.  Yes, we realise our mistakes.  It may be a bit too late, but we did wake up to it.  Not by anyone's advice, but only because we decided we didn't want to put all our eggs (loans) in one basket (lender).So, we have other IPs which are stand alon…[Read more]

Yes, Terry.  We have already cried over it !!This happens in the days when we didn't know any better and depending on our mortgage broker who didn't advise us any other ways.We hope that we can still continue to build our investment portfolio based on where we are now.  

Thanks Terry.The IP which we sold was cross-collateralised with our PPOR.  SO when we release the IP, the bank did a valuation on our PPOR.  It came back at $500K.Originally we had a limit of $445K attached to this IP & PPOR.  The bank said their new DSR is now 69.17%, so we had to reduce our loan limit to $345K. 

OOOPSSSS….   Got the figures wrong.We have a loan limit of $830K.  Debt $700K includes PPOR and IPs.

Thank you very much, guys!We have kinda decided to put the money in the offset a/c – it is nice to have confirmation that we are doing the right thing.FinSpec, interesting view there – one that we haven't thought of !!

HiNothing good will come without hard work.+ve CF properties are out there – but they won't come knocking on your door!!  Patience, and ability to see beyond what it is, will go a long way.  Good luck!

Thanks heaps guys. Much appreciated.

we’ll make contact.

Thanks for the advice.
We shall look into the link.

Thanks heaps!