croseks » user profile

Member Since 28/02/2013
Last Seen 1 hour 9 min
Location Melbourne

Recent Activities

Yes you're right, 37% is correct. Are you saying Saving vs Investing? Saving is a very slow road trying to keep up with inflation. However...
23/09/2020 - 13:43
"But from 2001 to 2019 it went from $32 to $20" Yes, that is a 62% loss of purchasing power! "Zero central bank rate, QE, high property...
23/09/2020 - 13:13
Loans do service themselves in all the capital cities. It depends on your personal situation and how much leverage you have. 80% LVR loan,...
23/09/2020 - 12:05
That's like saying any leverage (credit) you take is a false sense of control. If you do your research you will understand why it's silly...
23/09/2020 - 12:00
Exactly right, things have changed big time. Rates will be going negative soon, QE is on its way for Australia, the stimulus is yet to...
23/09/2020 - 11:36
If I had $120K sitting in my bank right now here would be my thought process (I am/was in a similar situation so this is from experience)....
18/09/2020 - 11:49
If you have Westpac, log into your online banking and look at the 'Offers' tab, you can get this plan for $28/m for 12m. Pretty good deal,...
16/09/2020 - 17:03
No not at all, it's an office expense. Just make sure you have an "office" to put it in, if you are working from home and claiming it as an...
08/09/2020 - 09:11
Hmm resolution is not that good for such a big screen. Once you get used to the 5K iMac at 27" it's really hard to use other monitors...
08/09/2020 - 09:09
Just bought my in-laws a TCL 75" P715 for $1600 at the good guys, compared it to a 65" QLED Samsung (not sure which model, but was current...
15/07/2020 - 11:48
Mine doesn't have a limit on how many uses, just says "Only 1 cashback offer per merchant per cardholder." Guess I will be using ubereats...
22/06/2020 - 16:15
@jltantrum 1 month on and prices are up over 1% Nationally... Trend is your friend.
04/03/2020 - 09:04
Redraw = new loan. Any amount you have in a redraw facility is just extra repayments that you have made into your loan, but it is not your...
04/03/2020 - 08:58
Short answer, probably not. If you have no loan on an IP, you can't claim any interest expenses anyway, but of course the situation could...
04/03/2020 - 08:55
Nothing stopping you taking it out, it's yours as long as it's available. Just be mindful that it will be considered a brand new loan (as...
03/03/2020 - 17:15
If you have a mortgage, credit card etc.. that is all debt. Debt recycling is turning non-deductable debt (PPOR loan) into investment debt...
03/03/2020 - 17:07
If the market tanks and the bank needs liquidity. Has happened plenty of times all over the world, the 2008 financial crisis would be the...
03/03/2020 - 17:01
For example: Say you have a $500k PPOR loan (Principle place of residence i.e. your house) and you have a redraw facility with $40k...
03/03/2020 - 16:51
Sorry I didn't read your linked comment lol. Yeah you are correct about turning a PPOR into an IP. However consider this scenario: You have...
03/03/2020 - 16:36
Nope, nowhere near the same. Redraw has huge tax repercussions if you don't understand how it works. Bank can call it in at any time...
03/03/2020 - 16:18
Oh boy! Strap in! Having an offset account can you give plenty of benefits for both PPOR and IP loans. Firstly, whatever amount you have in...
03/03/2020 - 16:15
Pretty sure its $250k, that was the min amount last time I checked Athena.
03/03/2020 - 16:06
Can't think of anywhere worse to be then in a cruise ship while there is a virus outbreak happening all over the world... but hey its cheap...
21/02/2020 - 09:22
But you're buying cheap things you don't need lol
20/02/2020 - 08:24
Says up to 180 days to confirm, so assume min. 6 months
19/02/2020 - 13:10
Incorrect, average is not the 50% mark. Median is the 50% mark. Average can be very misleading, like nsuinteger said above ^^ "You should...
05/02/2020 - 13:21
True, however come back in 2050 and you will be saying how cheap house prices were in 2020 before things started to go crazy :p
05/02/2020 - 13:18
Good price for all the work required, it's a solid 4-6 hours to complete all of that depending on size of the car.
15/01/2020 - 09:29