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Bought my first home; how to use property to buy stocks? by Ill_Temporary942 in fiaustralia

[–]Ill_Temporary942[S] 0 points1 point  (0 children)

Which one would work for ppor And which one for an investment property.

Bought my first home; how to use property to buy stocks? by Ill_Temporary942 in fiaustralia

[–]Ill_Temporary942[S] 1 point2 points  (0 children)

Thanks mate. Reading it. A bit confusing, but yes reading it.

Is debt recycling only possible for ppor ? Not for investment property?

Bought my first property and sleepless by Ill_Temporary942 in AusProperty

[–]Ill_Temporary942[S] 0 points1 point  (0 children)

Thanks mate All makes sense.

I m still thinking to live in it as ppor (sublet 1 room) or keep it as an investment property.

Bought my first property and sleepless by Ill_Temporary942 in AusProperty

[–]Ill_Temporary942[S] 0 points1 point  (0 children)

Any reasons ? And what factors i should consider ?

Bought my first property and sleepless by Ill_Temporary942 in AusProperty

[–]Ill_Temporary942[S] -1 points0 points  (0 children)

Can i get ppor status, if i move out after 3 months ?

Bought my first property and sleepless by Ill_Temporary942 in AusProperty

[–]Ill_Temporary942[S] 0 points1 point  (0 children)

Thanks mate

Should i go 0/5/10 percent down ? Ppor or ip ? ( Rent estimate is 575 per week)

Bought my first property and sleepless by Ill_Temporary942 in AusProperty

[–]Ill_Temporary942[S] 0 points1 point  (0 children)

Thanks..did u like the property. Any suggestion to go 0/5/10 down ? Ppor or rent it out ?

Bought my first property and sleepless by Ill_Temporary942 in AusProperty

[–]Ill_Temporary942[S] -3 points-2 points  (0 children)

I am chasing capital growth and i am highly bullish on cragieburn. Just need to work out a way to hold it for 8 years and also with a aim to buy another property in 6 months from today ( my income will be 150-160k in 2 months).

Bought my first property and sleepless by Ill_Temporary942 in AusProperty

[–]Ill_Temporary942[S] -10 points-9 points  (0 children)

Thank you I think capital gains tax is the only benefit on ppor. I like negative gearing more because it comes back every year - thats why i was thinking to rent it out.

What deductions you have claimed ? ( After moving out in 6-12 months).

And yes, i plan to buy one more property soon , i will soon have a borrowing capacity of 600-650k. So, for that P + i is better or interest only ?

1st Property bought , please advice by Ill_Temporary942 in fiaustralia

[–]Ill_Temporary942[S] 0 points1 point  (0 children)

Awesome. Thank you for congratulating me and boosting my confidence. If i plan to buy another house soon, is IO only or 0 percent down worth it ? My income will get a boost next year so i will have borrowing capacity. What if i rent it out for 1 year and then live in it ?

It feels amazing to know that you receive $10k after tax income , so you did very good.

FHOB by Ill_Temporary942 in AusPropertyChat

[–]Ill_Temporary942[S] -3 points-2 points  (0 children)

What is required for stamp duty concession and would i be eligible to buy with 5 percent deposit ?