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@nauq Why would you sell a good investment costing you nothing and growing in value? Also if you do claim the PPOR exemption, you can’t do it again for your current place for the same time period

@rowdshar You know this is an Australian sub?

@jesusislord93 From a tax perspective, equity vs refinance and draw out cash has the same outcome which is it’s not deductible. It is cleaner to keep the loans seperate so you can refinance them separately and with different banks if you wanted. If you default on a loan the banks will come for...

@pedrito How many are agreeing with you?

@supercow Weird rant Of course it’s a science. Humans make errors.

@annz I’d caution property on that sort of time frame. Whilst capital cities do get 5-6% long term that doesn’t mean every suburb gets 5-6%. You’re also at risk of bad timing that you buy at a peak and don’t see any growth for a few years You also need to factor in about 5% in buying costs...

@jesusislord93 You’re paying for expertise not time As for your questions It’s two loans. It’s not complicated That’s basically the same thing I mean do you wear pants or jeans? Nope as the money is applied to the new place you’re buying which is not a IP

@pedrito Yeah which is why everyone’s giving you shit, catch up

@gstarry No Borrowing power is about income. And they have 360k equity,

@pedrito Unfortunately I did read all of your useless rant. Inflation is dropping, from 1.9% a year ago to 0.6%. But brain dead to say that’s not an improvement

@pedrito 0.6% a quarter is 2.4% annualized which is exactly where the RBA wants it. So you’re right that rate cuts are unlikely if inflation is where the rba wants it. Your only argument that it’s bad is it was lower before, forgetting that those time periods were “too low” and the rba was...

@angelh0809 You can’t be so dense and then demand to be treated like an adult. Since you’re so disadvantaged by you natural abilities I’ll be simpler for you. What everyone with half a brain gets is that anything to do with super, only impacts super. People with half a brain don’t need to be...

@iamdelon 5:1 is a good estimate, it’ll vary based on your expenses.

@angelh0809 Lol, it’s always entertaining how boldly people promote their stupidity.

@angelh0809 Learn to read. I said the cap was introduced to prevent wealth accumulation. Someone on a average income won’t get there. 100k at 25 is not an average income. Don’t be such a dramatic cry baby, the changes for supers above $3M doesn’t stop you “having nice things”, such a...

@heyynnie Here is why Your income is 90k Your rent is 62k but banks only assess 75% for serviceability or 47k So total income is 137k, which allows you to borrow about 700k But you’ve already borrowed 600k So the answer is quite simple, earn more.

@veranup It took 15 years for the top tax bracket to be indexed.

@veranup The 1.9M is indexed. A future government will adjust the $3M. Same way they do tax brackets which aren’t indexed. A 25 year old on 100k is in the top few % of earners for that age. Not average

@billyjames Change the title to “we stuffed up” A broker is a middle man between you and the bank. It’s still your responsibility to read everything and make sure it’s correct. I’m sure if you go back and read the contracts YOU signed it’ll show it’s IP not IO

@kodybricen The cap isn’t for your average Joe. It to prevent wealth accumulation in super by, the wealthy You’re thinking like a normal wage earner, who you’re right won’t ever get there with indexation. But wealthy people who set up SMSF do, they often do so via property where gains are...