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Redraw vs offset.. which is better option ?

Corruption funded by my Taxes 🤮🤮🤮🤮🤮🤮

This is why we’re in the situation we find ourselves in now, nice one idiots lol

Thanks this was useful when I buy this year

it cant collapse with 100k+ new immigrants being brought in every month

Dont buy Western Sydney units that were built after 2010 lol I just bought one, unit has no lifts and was built 2004, seems much safer bet (red brick home too)

Went to an open home today in Brisbane. 3br, 2 car park townhouse. Average quality place in Morningside listed from $800k . Would have had 40 groups through. Insane.

Descriptions of where higher crime rates are but not one mention of the obvious demographic factors? And yes I’m referring to race, socioeconomic, single mother rates etc… People aren’t blind to these facts regardless of the media trying to hide it.

We bought our house in a Logan suburb 2 years ago for 550. We were a little bummed because we thought we were likely buying at the top of the market after the covid boom. I had friends advising it might be worth waiting for the “surely oncoming price correction”. The estimated value dropped slightly for two months and has since jumped up to be valued between 664-723, but we have been seeing similar houses being snapped up for 700+ mostly by big immigrant families who need the bedrooms. Glad we didn’t wait!

😂 prices cheap?? 😂 there’s only one way that will happen ie WW3. If people understand debt currency they would quickly realise they’re stuck in a hamster wheel.

All tax laws and property in Australia is designed to KEEP you in Australia either though chained to large debt or tax laws that makes you lose your primary residence . Prisoners of property

I am going to call you out on your BS! If you are earning $70K, you are probably not living further out of the cities, in the more affordable areas. Houses ‘in the sticks’ are cheaper because they aren’t close to essential amenities. E.g. schools, medical, shops etc. Jobs ‘in the sticks’ are usually part time/ casual and are usually lowered paid. (Unless you are a Doctor or nurse). So younger people move to the cities to get a job, but housing is more expensive. The best way to beat this crap, is to start a CZcams channel like this one!

Downside of the 1st point is that you're spending 5 years of rent on the Sunshine Coast, to build equity in your PPOR within 6 years, to sell it. So your PPOR value is going up, but you're burning that gains money on rent. All this effort for a loss, or a small win. 6 years of rent is at least 120k in most places. More likely to be 150k+. You need that PPOR to zoom up at least 200k in 5-6 years for it to be a noticeable win, after sale costs. It's possible, sure. But that's just to zero out on the rent you've spent. May as well go with a different plan tbh.

You don't even know how to pronounce Brisbane properly, there's no z

This is unrealistic bullshit, soz first home buyers, your money don't mean shit to assholes, that can out bid you for no reason, good luck first home buyers!!!!

Question: if you want to reduce your offset account how do you pay off your offset account? for example offset account balance is $5,000 and you have $6,000 in your daily account, how do you transfer that $1,000 into your offset account?

She's right townhouses have gone through the roof in Brisbane. The next run will be in houses. So buy houses not units

Murarrie is a bridesmaid suburb adjacent to Camp Hill mentioned in the video. Murarrie has a cheaper entry point than Camp Hill, Cannon Hill or Morningside.

LMI is such a scam. It insures the bank if you default. They can even chase the individual if that happens. It is completely not in the borrower’s interest to have, never mind buy.

What about the land bubble that burst in 1890? I’ve never died before I guess that means I’ll never die. This dude is the biggest flog out there, not to mention a criminal.

Inner city suburbs are crap, old and run down, not worth the money

Are we becoming the next Perth? Actually look at the SQM research asking prices? BNE is already higher than Perth. The growth has already been higher than Perth.

valuation for existing property question, do you do it just before you are going to turn it into a IP, or once you contact agent to lease it out? What about if you move in with your girlfriend and she’s owns a property which isn’t under your name? . Also do I have to contact bank to change loans to IP loan? Thanks

Hello I have received pre approval from commbank Is the Loan amount mentioned in the letter include my deposit or it is just what bank can lend me?

Can you do one for Melbourne?

Waiting for crash and buy house in new farm on 1 acre for 50k

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I was looking at the Western suburbs. What about Fig Tree Pocket, Chapel Hill and Kenmore?

Not just real estate if you have an abn you can purchase assets (related to your buisness operations) and simply accelerated depreciate them over (x) amount of years to get a heap of tax back when those assets are fully depreciated you buy more its money that the gov would have taken from you anyway thats paying your assets off but people have a hard time accepting that you have to spend money to make money youll never save your way into wealth

The government are planning to get more people from overseas thats why they keep on pushing up the interest rate.

Any suggestion which banks charge low interest for home loan

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market.

Thanks, Rough estimates is helpful to know if I am in the ballpark.

Get rid of investors. Homes are for living in.

When will these tax breaks come in to affect? Hopefully, this year.😊 keep up good work fellas thanks for the info.

I think Might end up with high prices and could be hard to sell later on or they might go down.

What's wrong with increasing credit limit if the spending habits remain the same?

Yours a flex offender

This shit has to stop. It is not sustainable, depression and suicide is going to go through the roof.

It's criminal that we accept having to pay any tax for property that we own.

So say I have 50,000 in my account and I only need 40,000 for a deposit and genuine savings. Can I use the remaining 10,000 and still have the 40,000 considered as genuine savings ?

What comes up must go down

Raise it till you see it disappear in the sky… guess learning to live in tents! Is much better

Hi I live in Tassie and I am planning to move interstate any chance I can apply for this scheme in Brisbane or Melbourne? Or it works only in Tassie for me? Thank so much

I have a house which I rented for 4 years after purchase and then I am moving in, will I have any issue selling it as PPOR?

You can have multiple offset accounts.... up to 100 for some banks...

Bring it on. Let them skyrocket, so that the government will finally move their asses.

Melbourne prices have gone higher 10-15% since 2017. That’s 2% a year! Negative gearing vs interest rates about 3%, CPI at 3% plus maintenance cost/rates etc. Property needs to go up 10% per year to be worth it! Once investor wise up property will drop or stagnate over a large period of time

Great info! I have a HUGE deposit, no debt and still can't get approval for enough to buy a small home for me and my family :(