澳洲Australia property How do you treat your PPOR in your IP por


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


Just curious as to how you see your PPOR as a property within your IP portfolio (or not). Do you see it as an IP that you happen to live in and pay rent on, or does it sit outside of your IP portfolio altogether.

The reason I ask is because I was doing some sums and our IP portfolio (excluding PPOR) is CF+ by $10k but our whole portfolio (including PPOR) is CF- by -$23k *eek*

That means we 'pay' $33k pa to live in our PPOR ($600 pw?) Maybe we need to lower our living standards and buy more IPs... have I found the secret formula for wealth? :D  

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Yes because the PPOR can be used to buy more IPs. Especially if the PPOR is fully paid off so you no non deductible debt  

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Aaron_C said: ↑
Especially if the PPOR is fully paid off so you no non deductible debtClick to expand...
One can only dream.............. the whole portfolio is running at about 80% LVR... PPOR not even close to being paid off.  

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We ignore our fully paid off PPOR in any financial calculations. At our age it is mostly retirement planning.

I figure you have to live somewhere. In the future we may choose to move, but I don't want my financial future swinging on having to move or downsize if I don't want to.
Marg  

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tess85 said: ↑
Just curious as to how you see your PPOR as a property within your IP portfolio (or not). Do you see it as an IP that you happen to live in and pay rent on, or does it sit outside of your IP portfolio altogether.

The reason I ask is because I was doing some sums and our IP portfolio (excluding PPOR) is CF+ by $10k but our whole portfolio (including PPOR) is CF- by -$23k *eek*

That means we 'pay' $33k pa to live in our PPOR ($600 pw?) Maybe we need to lower our living standards and buy more IPs... have I found the secret formula for wealth? :DClick to expand...
I think of it as an IP in terms of the loan structure (keep it IO with an offset) and the money we spend on improving it (affordable but effective renos).

At some point in the future, we will convert our current PPOR into an IP and buy something else which we'll probably do the same to (renovate and move on).

Cheers

Jamie  

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marg4000 said: ↑
We ignore our fully paid off PPOR in any financial calculations. At our age it is mostly retirement planning.

I figure you have to live somewhere. In the future we may choose to move, but I don't want my financial future swinging on having to move or downsize if I don't want to.
MargClick to expand...
My PPOR is a consumer good, not an investment. for a few years now i've been trying to buy out one of the neighbours to provide a t. court, but no luck. eventually i'll get one of them.  

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tess85 said: ↑
One can only dream.............. the whole portfolio is running at about 80% LVR... PPOR not even close to being paid off.Click to expand...
Tess...get your PPOR as up to scratch as possible sell for a profit (non taxable) and move onto the next rung in the property ladder....do it up...rinse & repeat. But make sure you are climbing the 'desirable' property ladder.

We started the same way, maxing the PPOR against IP's but over the last 14 yrs we are now around 65% LVR on all property incl PPOR. Of course PPOR will always be LVR poor, but that's what we risk isn't it...?

A matter of balancing at all times, move with the trends and keep that PPOR tax free haven as your leverage.

That's what we are doing anyway.....and getting there...!!:)  

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