Category «Rental Property – Loans»

Unscrambling a mixed purpose loan

Question Hi Julia, I purchased an investment property with settlement date in January 2022. The loan was $472,000 for all purchase related and initial repair costs. In actual fact this was around $3,000 short in the first place, so I used extra money redrawn from my PPOR loan to cover that. Subsequent to that, I …

Keeping the Nexus When Refinancing

Question I have a loan for an investment property with Westpac for $220,000. I also have an unused loan facility with ANZ for $220,000. I want to transfer the $220,000 loan amount from Westpac to ANZ as ANZ is about 1% cheaper. The WBC loan facility will be kept and used for other personal purposes. …

Refinancing a loan through parents

Question I am seeking your advice about using a loan from my parents to refinance an investment loan. The background is that I have a $200,000 loan with a bank that was used to purchase dividend paying shares. The loan was a new split facility (secured against a property), and the funds from this split …

Borrowing to afford P&I repayments

Question My question centres around maintaining deductability on an investment loan, but I have provided a lot of background information for you first. Current: – I have a Rocket Repay Home Loan with Offset (Westpac) secured against my PPOR. – I am still within the 5 year interest only period of the 30 year loan …

Question referred from Noel

Question I recently read an article about issues involved in transferring property to one’s wife. THe article said that it may not be advantageous to do so for ‘natural love and affection,’ as this would have negative CGT consequences upon future sale.In light of this, I have a question that I would like to ask …

Loan top ups and refinancing

Question Hi Julia,I have a question relating to the deductibility of loan interest following a loan top up and potential loan refinance. The detail of my situation relates to the previous question I sent to you last year, but to recap, I have 3 loans with one bank secured against a single rental property. The …


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