Vic Wasteland Thread

[emts]

says the guy relying on this for his living..

[joeyjoejoejuniorshabadoo]

Rates can't stay where they are forever...

[joeyjoejoejuniorshabadoo]

There is a good chance that upper class welfare.... sorry... I mean negative gearing will take a hit too at some point.

[emts]

Rates can't stay where they are forever...

said no real estate agent ever

[joeyjoejoejuniorshabadoo]

Lol true dat

[joeyjoejoejuniorshabadoo]

If you are relying on interest rates to borrow for a 30 year term... you shouldn't be borrowing lol

[joeyjoejoejuniorshabadoo]

Having said that there are some rediculous fixed rate loans going round...

[dezz]

was gonna go fixed to get a lower rate but they cap the repayments so no point...

[joeyjoejoejuniorshabadoo]

Yeah most do... ususally can put more in but there is normally a limit.

[dezz]

what's a decent variable rate at the moment?

I should call up CBA and tell em to lower it or blow me, but more often than not I cbf.

[joeyjoejoejuniorshabadoo]

If your LVR is below 80%, Ubank are offering 4.29% (comparison rate)

[Rekin]

There is a good chance that upper class welfare.... sorry... I mean negative gearing will take a hit too at some point.

Doubt it. There is something like 1 million negatively geared properties in Australia & no government would challenge it as it will be a big hit to their votes for re-election.

[dezz]

Bit skeptical about going with small banks that could go under etc...

but that's a fair bit lower than my 4.95%

[Rekin]

If your LVR is below 80%, Ubank are offering 4.29% (comparison rate)

CBA offering me 4.7% via wealth package but that's with like 90%+ LVR

[joeyjoejoejuniorshabadoo]

It might not be removed entirely but everyone is looking at it for some form of modification.

It's the white elephant in the room whenever cuts are mentioned

[joeyjoejoejuniorshabadoo]

Bit skeptical about going with small banks that could go under etc...

but that's a fair bit lower than my 4.95%

I wouldn't worry... it's owned by us

The only downside is there is no customer service... but what service do you need really? It's not like you call the bank to check in on your homeloan and have a general chat.

[dezz]

CBA offering me 4.7% via wealth package but that's with like 90%+ LVR

capped repayments?

I wouldn't worry... it's owned by us

So why don't NAB just offer it themselves...

How low you rekin I could get CBA to drop it (without capping repayments), and what's the best way to get em to do it?

[alr33x]

Rates can't stay where they are forever...

I know that, you and I both know they ain't going up any time soon.

Negative gearing isn't likely to go anywhere I can't see much positive in removing it tenants by and large couldn't afford to buy the properties and the prices won't fall anywhere near enough to make it affordable. Landlords will look for better ROI by raising the rents as they aren't a charity service

[dezz]

and no idea what my place is worth...CBA had it valued when I was looking into getting a rental, but for some reason weren't allowed to tell me how much it's valued at... even though it's my f**kin house

[joeyjoejoejuniorshabadoo]

Its a differences ballgame when you drop below 80% (reason being banks apply shading so for a standard property we view this as 100%)