PropertyInvesting.com | Schnake | Activity https://www.propertyinvesting.com/members/schnake/activity/ Activity feed for Schnake. Wed, 15 Apr 2026 05:42:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0c3e35492f86f32cd14123abf9ee09cc Schnake replied to the topic Interest Rate in the forum Finance https://www.propertyinvesting.com/topic/5047516-interest-rate-5/#post-5047520 Mon, 23 Jul 2018 10:05:09 +0000 Thanks Richard. This allows me to calculate a few things for myself.

]]> 4f462c9d8a715117487d56d060a91f17 Schnake started the topic Interest Rate in the forum Finance https://www.propertyinvesting.com/topic/5047516-interest-rate-5/ Sun, 22 Jul 2018 10:12:09 +0000 Hi All,

What do most banks/lenders use as their interest rate when assessing a customers ability to repay a loan against other expenses? It’s been a while since I have noodled in this space, so I’m wanting to get an idea to see how much things have changed as APRA have changed the rules.

(For reference, the last time I enquired it was ~2% above…[Read more]

]]> 333e954d59fd73fc9a324e004467bf1b Schnake replied to the topic 105% loans possible? Or any other ideas to in the forum Finance https://www.propertyinvesting.com/topic/5029382-105-loans-possible-or-any-other-ideas-to/#post-5029413 Sun, 04 Sep 2016 10:34:32 +0000 LOL!!! Go with opton C.’Gift’ Its the done thing apparently…see here

]]> e3fe052de2938dd416023e5420268385 Schnake replied to the topic 105% loans possible? Or any other ideas to in the forum Finance https://www.propertyinvesting.com/topic/5029382-105-loans-possible-or-any-other-ideas-to/#post-5029413 Sun, 04 Sep 2016 10:34:32 +0000 LOL!!! Go with opton C.’Gift’

]]> c04aa3704e43de2d15f8dc89d501d679 Schnake replied to the topic Don't pollute my PPOR loan... in the forum Finance https://www.propertyinvesting.com/topic/5029361-dont-pollute-my-ppor-loan/#post-5029412 Sun, 04 Sep 2016 10:29:07 +0000 Thanks Corey. This is different again (I think). So in other words; refinance PPOR and secure new tax deductible loan/split against PPOR? Without actually increasing the amount owing against PPOR because I’m not re-drawing. I know it’s technically not, but kind of like a off set account? Why not do this against existing an investment property…[Read more]

]]> df9cb427b625c540259e300758ed0ba1 Schnake replied to the topic Don't pollute my PPOR loan... in the forum Finance https://www.propertyinvesting.com/topic/5029361-dont-pollute-my-ppor-loan/#post-5029391 Sat, 03 Sep 2016 12:53:27 +0000 Thanks Terry et al. Makes complete sense… It seems the broker I have consulted is sending me up the wrong path by suggesting accessing PPOR equity via redraw for an IP purchase. (Or I am have misunderstood something… Despite you all having managed to explain it to me far more eloquently).

]]> 1704b17d881078856d9195451558c4fe Schnake replied to the topic Don't pollute my PPOR loan... in the forum Finance https://www.propertyinvesting.com/topic/5029361-dont-pollute-my-ppor-loan/#post-5029391 Sat, 03 Sep 2016 12:53:27 +0000 Thanks Terry et al. Makes complete sense… It seems the broker I have consulted is sending me up the wrong path by suggesting accessing PPOR equity via redraw for an IP purchase. (Or I am have misunderstood something… Despite you all having managed to explain far more eloquently).

]]> fd41f21ee54c402577def9bc2ad6eb8d Schnake replied to the topic Don't pollute my PPOR loan... in the forum Finance https://www.propertyinvesting.com/topic/5029361-dont-pollute-my-ppor-loan/#post-5029379 Sat, 03 Sep 2016 08:54:57 +0000 Thanks for the

I say not accessible, short of re-financing… I suppose what you have suggested is what I was thinking… but was interested in seeing if there was another way.

…and here is the other way I was looking. Thanks for this suggestion.

So in short, would it be fair to say I should not be touching my accessible (via re-draw)…[Read more]

]]> 13ecf222df5d06f865c0d7fdf3fef43e Schnake started the topic Don't pollute my PPOR loan... in the forum Finance https://www.propertyinvesting.com/topic/5029361-dont-pollute-my-ppor-loan/ Sat, 03 Sep 2016 00:09:03 +0000 Hi All,

I’m after some clarity with respect to a potential future IP loan.

At the moment I have 1 PPOR and 2 IPs.

PPOR has accessible equity via re-draw facility – access to $250K. I also have an offset account against the PPOR with $50K.

IP’s have equity, but lets call it non accessible via redraw (re-structured loan to IO a few years ago).…[Read more]

]]> 92eabdbdfe77a67fd438f9210ae1ce6c Schnake replied to the topic Setting things up for the future in the forum Help Needed! https://www.propertyinvesting.com/topic/4410800-setting-things-up-for-the-future/#post-4699841 Sun, 09 Mar 2014 10:29:19 +0000 Terryw – No I don't use the LOC for personal expenses…. Strictly for IP related expenses, council rates, etc.  

]]> cb2000e8db9045ad0e070b7e674c3c9e Schnake replied to the topic Setting things up for the future in the forum Help Needed! https://www.propertyinvesting.com/topic/4410800-setting-things-up-for-the-future/#post-4699839 Sun, 09 Mar 2014 10:11:34 +0000 Thank you to everyone for your responses.

TerryW – I'm not quite sure how you came to the conclusion that  little or none of the interest on a LOC linked to an 2 IPs would not be tax deductible. The LOC is in no way linked to my PPOR loan. Maybe I have incorrectly explained my situation and it has been misunderstood. ;)

]]> 3c43ecc104e81c0640d411dc7997644f Schnake replied to the topic Setting things up for the future in the forum Thanks Jamie. You are correct https://www.propertyinvesting.com/topic/4410800-setting-things-up-for-the-future/#post-4699835 Sat, 08 Mar 2014 04:07:10 +0000 Thanks Jamie. You are correct, the LOC is covering two IPs and I have a standalone loan against the PPOR.

If I untangle, how does one apportion the loan value of the 2 loans? 

Is it a matter of saying when I bought IP2 I had 'x' remaining on IP1, therefore that's the loan for IP1 and what's left goes towards the loan for…

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