Recent content by Gerg

I have a loan with offset with Bank SA, part of SGB. I recently changed my loan from P+I to IO, and I am confused with the outcome. When it was P+I, the offset interest savings were reducing my loan term I think, and I was also making some extra repayments which are now available in...

OK, I see I will start having to pay land tax if I have 2 IP as it will push me over the threhold. I had not taken this into consideration. I can see this cost will be considerable as an IP portfolio grows.

Thanks for your replies. Assuming the 20% + costs of IP2 is 100k, then that leaves me 109k. Can this 109k be left in the IP2 offset account as this will initially be PPOR and would make it more tax efficient. or can I only use this in IP1 offset or for a IP3 later.

Hi. I have been reading the forum over the past year or so, and I realize now that I perhaps did not structure my loan repayments in the most flexible way and I am now looking to fix this. I have been living overseas for past 10 years, and will be returning to Adelaide. I will not live in IP1...

AJ, I'm not sure I have very specific answer to your questions, but here you go. I have lived in Dubai for past 10 years, and have one investment property in Aus for past 7 years. I've also been planning another investment property, or investigating some kind of offshore solution of what...