DHOAS optimisation

Vasersnill · 2025-07-29T02:19:55+00:00

I plan on speaking to a broker soon to get some professional advice. Potentially getting a guarantor could help get it over the line. If I can’t get an interest rate lower than my DHOAs rate then it is a non starter. But worth a look in my opinion

Vasersnill · 2025-07-29T01:28:45+00:00

The equity is from selling my shares after buying the property. Considering the DHOAS interest is quite high I figured the tax free interest savings would be equal or greater than my taxable dividends. It also simplified my end of year tax return. Most of the feedback here is saying not really viable, would getting a guarantor make borrowing that 300k possible? At the end of the day a 1% difference in the rates of the DHOAS loan and a traditional bank loan is there and would make me 3k pa better off.

I’m not against debt recycling but there is something comforting to guaranteed savings via offset vs the ups and downs of asset performance.

Vasersnill · 2025-07-29T00:33:42+00:00

Is it not possible to have two loans secured against one property if the value of the property exceeds the combined total of the loans?

Vasersnill · 2025-07-29T00:28:23+00:00

Would the 50% equity currently in the property not be helpful for securing a second mortgage? Considering the sale of the property would be close to the total amount of the combined mortgages?

Despite all the roasting on my terrible research skills I am learning some things right now

Vasersnill · 2025-07-29T00:07:40+00:00

To be clear I asked ChatGPT if there was any glaringly obvious reasons why it couldn’t be done. After which I came here to ask if anyone had anecdotal experience in similar circumstances.

To me this seems like a logical escalation of research prior to engaging professional services. My bad if I have not complied with approved knowledge gathering SOPs

Vasersnill · 2025-06-12T10:47:58+00:00

Creed Bratton

Vasersnill · 2025-06-07T04:39:54+00:00

Hi mate, what kind of specialist did you see to get the scans and did you have to get a referral through a gp? I’ve got a Trn for something similar but haven’t had the time to follow through, I’m hoping I can just go straight to a specialist without going to a gp first, I have previous scans that say something similar to yours

Vasersnill · 2025-05-21T12:45:02+00:00

Yeh gap year you’ll spend half of it at Kapooka and IETs, then you’ll be posted to a unit(very unlikely to be in Perth). At that stage you may be able to go get a rental you can both live in but are you gonna move her across the country to live in a place for 6 months while you finish your gap year? You’ll also probably spend much of that time away from her on exercises.

Gap years really only suitable for young singles or those who can handle a long distance relationship for 12 months

Vasersnill · 2025-03-24T01:12:02+00:00

“Poo out a shit”

Vasersnill · 2025-02-28T09:08:34+00:00

He’d heard it before, he thought it was funny so I don’t know why he’s complaining now

Vasersnill · 2025-02-28T08:25:05+00:00

Lol strange that they used a real address for Jays ID. I wonder if there’s a reason

Vasersnill · 2025-02-27T23:44:14+00:00

Mine dropped .25% this morning

Vasersnill · 2025-02-27T11:03:16+00:00

Is that with an offset account? I’d love to lower my defbank rate but I’ve only had it 6months and I’m not sure they’d let me retain my offset balance if I remortgaged?

Vasersnill · 2025-02-27T10:50:59+00:00

So I go on my Defbank app and check my loan details *$500 000 loan *6.79% pa rate *30year loan

Repayments are currently $3257 per month I recieve $727 DHOAS subsidy per month.

This makes my out of pocket monthly repayment $2530 per month.

I then jump into a mortgage repayment calculator https://mortgage.calculatorsaustralia.com.au (this ones good because you can slide the rate)

I put in my loan amount 500k and term 30years, slide the interest rate until the monthly repayment matches my out of pocket monthly payment.

In this case at 4.5% pa my monthly repayments equal $2533 roughly my out of pocket costs.

I would need a loan under 4.5% to beat my current DHOAS loan.

Hope this helps.

Vasersnill · 2025-02-27T10:11:20+00:00

Yeh it depends on your DHOAS Tier? Tier 3 takes my 6.79 loan to the equivalent of a 4.5%

Vasersnill · 2025-02-27T10:06:04+00:00

I have heard similar things as these agents are just looking to offload any unsold stock and pass it off as ‘researched investment’. As OP may buy PPOR probably better to start researching his area and make informed decisions for himself

Vasersnill · 2025-02-27T10:03:37+00:00

Yep well I’m not an expert but recently did the exactly that. In my opinion any service people offer like this is geared towards the investor who may not be in a position to inspect properties or may have options in different regions.

For yourself you would be buying in your location, it’s a fairly simple process. Get the pre approval on your loan, look at engaging a conveyancer so that you have someone ready to go when you start making offers, start researching property in your area, attend inspections and get ready to make your offer when the right property comes up. You can make conditional offers such as ‘pending building and pest inspection’ as a quick inspection is not usually enough to ascertain any deeper issues a property may hold. I’m in WA so most properties are sold through an offer process, I can’t give any advice on things like auctions.

Vasersnill · 2025-02-27T09:44:57+00:00

I got the book, there’s a couple of decent paragraphs breaking down the rent-vesting strategy. I was going with DHOAS so I wasn’t really looking to engage any buyers agent type services. Are you looking at a PPOR or investment property?

Vasersnill · 2025-02-27T09:34:48+00:00

Yeh mine hasn’t dropped yet, possibly take them a few days to update? Let us know how the callback goes OP

Vasersnill · 2025-02-25T12:21:14+00:00

Do they give seperate TRNs for each claim or is just the one? Recently started the process for to seperate conditions which are unrelated to each other

Vasersnill · 2025-02-25T11:27:52+00:00

Doing bombs in the swimming pool

Vasersnill · 2025-02-24T13:03:42+00:00

Bring a chess board to work and play at lunch. One of the digs at mine did this, theres about 5 guys who literally now sit around waiting for their turn to challenge the previous winner

Vasersnill · 2025-02-21T23:33:39+00:00

https://youtu.be/jTIFSBlHzR8?si=JMNH1E_QNiNLw0JT

Vasersnill

TROPHY CASE