PropertyInvesting.com | sundipb | Activity https://www.propertyinvesting.com/members/sundipb/activity/ Activity feed for sundipb. Sat, 18 Apr 2026 04:31:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7e7d2697545f932f8ae93fab896da973 sundipb replied to the topic Special Levy.. Best Solution For Me in the forum General Property https://www.propertyinvesting.com/topic/5028503-special-levy-best-solution-for-me/#post-5028872 Tue, 16 Aug 2016 02:18:39 +0000 Thanks Collin for the reply.. The 2 properties are not cross collaterlised as i bought the IP property from a inheritance from a family trust couple of years ago.

So will it be as easy as that?

1. Change PPOR loan from P&I to IO only.
2. Delink offset from PPOR to new PPOR.
3. Do i start making P&I payments in the PPOR or keep that as IO as…[Read more]

]]> 115affab51a30a42a788c4ba5cfa1970 sundipb replied to the topic Special Levy.. Best Solution For Me in the forum General Property https://www.propertyinvesting.com/topic/5028503-special-levy-best-solution-for-me/#post-5028862 Tue, 16 Aug 2016 01:51:36 +0000 thanks collin for the reply.
No i haven’t been using the redraw facility, i have been putting all my extra cash in the PPOR offset account. I have only been making min payments for the PPOR.

i only 4 accounts.
1. PPOR everyday account (offset account)
2. PPOR loan account
3. IP loan account
4. Credit Card account

I have got the NAB choice…[Read more]

]]> bbdd9b6201a611c3327915c8547199e7 sundipb replied to the topic Special Levy.. Best Solution For Me in the forum General Property https://www.propertyinvesting.com/topic/5028503-special-levy-best-solution-for-me/#post-5028854 Tue, 16 Aug 2016 01:42:15 +0000 Thanks for the reply Collin.

This is my structure at the moment:

1. PPOR Loan = 360K
2. PPOR Offset Account = 100+K < – this is where all my salary & IP rental income & additional cash goes into.
3 Repayments for PPOR = P & I
4. Repayments for IP = IO
5. IP Loan: 500K < – Rent for IP goes into 2. (i.e in the PPOR offset…[Read more]

]]> f085249903b383f00d1f99165f937ed5 sundipb replied to the topic Special Levy.. Best Solution For Me in the forum General Property https://www.propertyinvesting.com/topic/5028503-special-levy-best-solution-for-me/#post-5028849 Tue, 16 Aug 2016 00:40:12 +0000 Thanks for the reply benny. I forgot to mention i also have a IP property.

Lets make a stew out of this topic (yummy)

1. PPOR = 25K special Levy due in dec 2016
2. 100K in offset account
3. IP property

How do i go about switching my IP – > PPOR and my PPOR – > IP ??

What are the tax complications with this? And how will this affect my tax…[Read more]

]]> a99a8112400fe1a89ed9a5ad08d806a7 sundipb replied to the topic Special Levy.. Best Solution For Me in the forum General Property https://www.propertyinvesting.com/topic/5028503-special-levy-best-solution-for-me/#post-5028839 Mon, 15 Aug 2016 05:27:01 +0000 Thanks for the information guys.. I have had the property for nearly 9 years and have been aware of the problem, however we didn’t expect the bill to be 3 million to fix the building. This is water leaking issues, painting..etc etc

How i’m just wondering how do you go about switching your PPOR to a IP? Can i re-finance my PPOR property and buy…[Read more]

]]> 1417244806b76ba8649c07885f0ec199 sundipb started the topic Special Levy.. Best Solution For Me in the forum General Property https://www.propertyinvesting.com/topic/5028503-special-levy-best-solution-for-me/ Tue, 26 Jul 2016 00:10:47 +0000 Morning All,

Ok i got 2 properties.

P1 = (3 Bedroom Apartment) is my Principle place of residence (PR) with 372K Loan and repayments of $2000 a month principle & interest (P&I) = 4.01% interest
P2= (4 bedroom Townhouse) is my investment property with 504K Loan with $1750 repayment a month interest only for 3 years = 3.99% interest

So the issue…[Read more]

]]> b2120594a64aba4bb60ab3b37bd80cde sundipb started the topic 1st Time Purchasing Land in the forum General Property https://www.propertyinvesting.com/topic/5023230-1st-time-purchasing-land/ Wed, 23 Mar 2016 01:21:44 +0000 Morning Property Forum,

I had a couple of questions to ask. This is my 1st time purchasing land to build on. Been a 1st timer needed some help understanding this:

1. The block i’m looking at is about 480K. On what do you pay stamp duty on? Do you pay stamp duty on land or is it the total value of Land & House?

2. The block is not registered yet…[Read more]

]]> 947bf6795abd5d808803d4c837c1ba7d sundipb replied to the topic Best Solution for Me? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991983-best-solution-for-me/#post-4994872 Tue, 23 Sep 2014 02:28:28 +0000 Thanks for the tips guys however i’m still in a confused state, sorry for the late reply been nearly 3 months.

however recently apartment sold in my building same as mine for 450K. My situation as follows:
Apartment valued at 450K
Loan Amount 192K & Available Balance 97K (paid extra)
I have an extra 35K coming to be from my parents as gift.

Our…[Read more]

]]> ae4913c2ea2add7e2cbc1a8f6c3b3176 sundipb started the topic Best Solution for Me? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991983-best-solution-for-me/ Fri, 20 Jun 2014 01:57:18 +0000 Hello Everyone HAPPY FRIDAY!!!

My current situation at the moment:
PPOR apartment valued at 400K and i have a available credit of 100K (paid extra). Loan amount is 187K.

Combined after tax income $3300 fortnightly. no extra CC cards.

My question what is the best solution for me i want to buy purchase a new PPOR bigger place planning to have…[Read more]

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