PropertyInvesting.com | orbitor | Activity https://www.propertyinvesting.com/members/orbitor/activity/ Activity feed for orbitor. Mon, 13 Apr 2026 13:56:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7be47991574ea67469235f98c0cca4ce orbitor replied to the topic RBA in the forum Finance https://www.propertyinvesting.com/topic/4401737-rba/#post-4635344 Tue, 02 Nov 2010 22:06:51 +0000 Matt007 wrote:
Gee, do you think they could settle for only $3Billion profit? Makes me  sick to my stomach.

isn’t the point of a company (in this case a bank) to try and maximise profit?

I have to say that although I’m a mortgage holder and looking to buy more property, I can’t help but think that some cooling off on house prices is a good thing.

]]> d65c8b415c4870c8ec69889ac0389108 orbitor replied to the topic PPOR to IP and Asset Protection in the forum Finance https://www.propertyinvesting.com/topic/4401690-ppor-to-ip-and-asset-protection/#post-4635105 Mon, 01 Nov 2010 01:37:34 +0000 ryan57 wrote:
With the re-draw, am presuming if we were take out the 60k for other purposes, we could still only claim a tax deduction of Int on the current $300k, not the new bal of $360k.

That’s right, I’ve asked this question before. The point is the purpose of the redraw. It is regarded as a separate loan.

]]> 8e1a0db1b359d3cc4e7b82e67d8da7fa orbitor replied to the topic Conversion of PPOR to IP in the forum Finance https://www.propertyinvesting.com/topic/4401501-conversion-of-ppor-to-ip/#post-4634042 Mon, 18 Oct 2010 23:52:21 +0000 Terryw: I can see how that would help, but wouldn’t the loan situation on my current PPOR start getting very messy if I begin redrawing regularly to cover expenses on it? Or do you mean after it becomes an IP start doing that?

]]> 320be7c030f7e151fbd32c0c8a5dcce8 orbitor replied to the topic Conversion of PPOR to IP in the forum Finance https://www.propertyinvesting.com/topic/4401501-conversion-of-ppor-to-ip/#post-4634040 Fri, 15 Oct 2010 21:26:25 +0000 I understand now Dan42, the redraw is effectively considered a ‘new loan’ so the interest on that part of the loan cannot be deducted as it’s not accruing against the IP in ATO’s eyes.

]]> 477905d7a7485803c025827b0986af10 orbitor replied to the topic Conversion of PPOR to IP in the forum Finance https://www.propertyinvesting.com/topic/4401501-conversion-of-ppor-to-ip/#post-4634038 Thu, 14 Oct 2010 23:38:53 +0000 Hi Richard,

Thanks for your response and your welcome :) The existing property is solely in my name but my partner and I are listed on the mortgage. Haven’t really considered who would ‘own’ the new property.

So I’m having a little trouble understanding. If I redraw on my PPOR now, then the balance would be much more negative. If I then convert…[Read more]

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