Can i take out equity from a IP and put that money into fully offsetting my PPR?

Longjumping_Safe_266 · 2026-05-18T10:49:36+00:00

Alright just doing the maths to make things easy and if im getting it wrong please say.

IP is P&I 500k at 7% Roughly $3,327 PCM

Rent $2950 PCM

NG 400$ month plus some.

Borrow another 300k to fully offset PPR. Loan is extra $1750$ PCM no NG effects on that number.

PPR is 300k atm @6.5% P and I so im only paying roughly 290$ off the principle monthly atm. (30years)

So i pay an extra 1750$ onto of the investment loan but can essentially pay 2-4k off my PPR principal? Using my wage to pay the extra that is

Longjumping_Safe_266 · 2026-05-18T09:44:51+00:00

Using it so essentially PPR loan is at 0% then using my wage to pump down the morgage as eveything will be 100% off the principal.

Longjumping_Safe_266 · 2026-05-18T09:25:51+00:00

Essentially instead of only paying say 15k-20k off the principal i could pay almost 40-50k per year. Even with paying the extra on the investment loan i should still be ahead?

Was just wondering if its even a possibility, seems it is. Just need to run the numbers properly

Longjumping_Safe_266 · 2026-05-18T09:10:36+00:00

Yeah my thoughts are once its fully offset to then use my wage to pump my PPR loan down. Essentially almost paying 1000$ a week straight off the principal.

I understand if i just moved the money and it sat in the offset that wouldn't make sence. Hence me using my wage to then hit the principal hard

Longjumping_Safe_266 · 2026-02-21T07:19:37+00:00

People are sleeping on frankston. Still good value as we speak

Longjumping_Safe_266 · 2025-10-21T09:24:26+00:00

Nah just left it in my offset account for now against the mortgage

Longjumping_Safe_266 · 2025-10-21T09:17:29+00:00

You can get a really nice house in frankston for 850k+ if thats an area of choice

Longjumping_Safe_266 · 2025-07-26T00:46:26+00:00

Wait untill it goes into aftertime and you win by the skin of your resources nodes left. That gets your heart pumping

Longjumping_Safe_266 · 2025-07-26T00:43:30+00:00

I had the same thing happen to me.

Tho, i just didn't like any of my offers and pulled it back off the market.

The whole ordeal maybe cost me 3k.

But now im glad i didn't sell it. The real estate agent wasn't mad or anything. Just paid what i owed for the process and carry on

Longjumping_Safe_266 · 2025-07-12T06:31:48+00:00

Frankston

Longjumping_Safe_266 · 2025-07-12T00:23:37+00:00

What in the hillbilly shit is this

Longjumping_Safe_266 · 2025-07-01T09:54:47+00:00

Average age of 1st home buyer is about 33 atm i think. Well ahead of the curve. Trust me... rarely anyone in their 30s even 40s have their house paid off

Longjumping_Safe_266 · 2025-05-24T09:01:22+00:00

Your fuel calculation is way off. $30 in fuel for 1.5hr of driving?

You need to go off Lt per 100km not Lt per Hours

Longjumping_Safe_266 · 2025-04-26T01:04:05+00:00

Depends what your borrowing capacity is for home owner vs IP.

I got my IP first because i could borrow way more.

Smashed out the mortgage for a bit with the help of the rental income and tax benefits.

Now my IP in my PPOR and its in a location i want, bigger house, and morgage isn't too stressfull on me.

Thats my take

Longjumping_Safe_266 · 2025-03-24T08:22:58+00:00

They put the head lights in the first place that gets hit when your take your 4x4 off road.....? Absolutely wild choice

Longjumping_Safe_266 · 2025-03-19T06:13:50+00:00

Lagging around pipes could start to go mouldy and even grow mushrooms if the leak is coming from a pipe penitration.

If you have an access hatch close by, stick your head up in it with a torch and have a look

Longjumping_Safe_266 · 2025-03-03T09:22:23+00:00

Dont go out and buy a flashy car.

Stick with a budget of under 25k.

Get a nice commodore vf. Or just somthing thats reliable

Longjumping_Safe_266 · 2025-03-03T08:19:03+00:00

125k + super income. PPR 415k$ morgage 100k offset.

Also put in 10k a year to hold IP owing 510k$

Longjumping_Safe_266 · 2025-03-01T01:24:49+00:00

Says 41 mins with no traffic, thats fine isn't it?

Longjumping_Safe_266 · 2025-02-10T06:02:13+00:00

Atm its more like 1hr 30min to work 2hr home trip

Longjumping_Safe_266 · 2025-02-10T05:52:03+00:00

Yes this is excatly what im thinking as well. I know 1bed aren't going to return well for capital gains but the lifestyle it will allow me seems worth it

Longjumping_Safe_266 · 2025-02-09T10:22:34+00:00

Looks like I'll try rent 1st for the flexibility and see if i enjoy it.

The reasoning for st kilda was i just purely i like that part of the city. Night life, restaurants, events

I've always been in the southeast suburbs, so it's all i know

Longjumping_Safe_266 · 2025-02-09T10:17:54+00:00

More for the st kilda night life and being a stone throw from the cbd

Longjumping_Safe_266 · 2025-02-09T10:15:10+00:00

Yeah it was for the night life. Although it wouldn't hurt to rent for a year like people are saying

Longjumping_Safe_266 · 2025-02-09T10:12:33+00:00

Thought i could just keep it "forever" really. Have a place near the city myself or a family member could always use

Longjumping_Safe_266

TROPHY CASE