“If you're earning, say, 90K a year… you might have been able to borrow early 600s back when it was 2%, and now it's more like 450.”
Pat Noll · Equity Mates Investing Podcast · Ask An Adviser: Where property is heading, debt recycling and the future of rentvesting with Pat Noll
Play from 7:45
7:45
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What was described
compared borrowing power for a $90k salary before and after rate changes
previously could borrow ~ $600k; now about $450k
Said nearby on the same subject
“Debt used wisely is one of the most powerful tools... borrow money at a reasonable rate... deploy it into an asset that compounds at a higher rate over time.”
MY
Michael Yardney
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast ·
“Take the guaranteed return on paying down non-deductible debt. rate rise before Christmas, home is between 6.25 and 6.5%, that's a guaranteed after-tax return. with 8% return you lose 30% CGT”
RJ
Riley Jan
Geared for Growth Property Investing Podcast ·
How they work6.25%-6.5% interest, 8% expected return, 30% CGTShare this moment
“Nobody holds powerful access at rest… only have that powerful access where and when I need it… credentials have zero entitlement after use.”