AFF Member Real Estate Discussion

[Quickstatus]

The details escape me but they don't have to pay land tax

is it PPL (primary production land?)

 

[Happy Dude]

is it PPL (primary production land?)

It might be capable, so maybe that's all that's needed, but it's not currently producing, or being set up to produce, anything.

 

[MARTINE]

ATO is very strict about PPL
Running a few acres with a couple of veges to sell at the farm gate wont qualify

 

[Mr_Orange]

...
For me , real estate has slaughtered equity gains last few years and any interest rate cut should see more...

Well, we finally got an interest rate reduction!

 

[cove]

One quarter of one percent does not do much.
For those with mortgages the size of telephone numbers it would be a bit of relief.
We don’t have any mortgages.

 

[cove]

Another 0.25% interest rate drop should help those folks with mortgages that are not fixed.

 

[Mr_Orange]

Another 0.25% interest rate drop should help those folks with mortgages that are not fixed.

Yes, I was happy to receive an email from Bankwest informing me that they will be decreasing my rate by the full 25 basis points.

 

[Freq Flier 2013]

What are some of the lower interest rates? After this rate reduction I should be on 5.48% owner occupier P+I.

 

[Mr_Orange]

What are some of the lower interest rates? After this rate reduction I should be on 5.48% owner occupier P+I.

That's good. I'll be on 5.64% after the rate drop. Who are you with?

 

[Captain Halliday]

0.25% for us too. Not being applied until mid June though.

Will get us back to 5.44%

 

[Mr_Orange]

Not being applied until mid June though.

My rate change kicks in on 30th May.

Looks like I need to go sniffing around other mortgage providers since your rate is also lower.

 

[Chicken]

What are some of the lower interest rates? After this rate reduction I should be on 5.48% owner occupier P+I.

I'm on P+I as well for my PPOR
Reduction on June 01
no offset 5.64 - 0.25 = 5.39
with offset 5.74 - 0.25 = 5.49
This is Australian Mutual Bank

 

[Freq Flier 2013]

That's good. I'll be on 5.64% after the rate drop. Who are you with?

With the nab.