Jump to content
SAU Community

Recommended Posts

  • Replies 66
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

im not the smartest when it comes to investments/ priorities (still learning)

just thought you may have thought it was a bad idea to pay residential property off first.

my bad

na you're right mate, I probably didn't explain it too well.

By keeping your investment loans fully drawn (maximum interest which you can claim back) you can pour any extra cash into the mortgage of the home you live in, where you can't claim the interest at tax time and therefore you should focus on reducing that particular interest which is dead money.

With negative gearing you can either wait till tax time to get a refund on the interest or a reduced weekly income tax under a section 21d (ask your accountant).

IMO wait till tax time, get a lump sum back and stick into your residential mortgage, not the investment one.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



×
×
  • Create New...