r/AusFinance • u/TrickyClassic2731 • 1d ago
Is paying your debt sooner instead of buying another house a thing in Australia? Property
I’ve decided to pay off the remaining 280k on my loan slowly over a 3-5 yr period to make myself debt free by age 40.
I’m above median in sallary and support my stay at home pregnant wife.
So my questions is, am I going the unconventional way? Seems like majority buy a new house with an increase in their cash earnings?
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u/Spinier_Maw 1d ago
It depends on your risk appetite and what you want out of life.
Personally, I am allergic to debt, even a good debt like mortgage, so I try to pay it off.
And I am also very lazy and don't want to move, so I also don't do upsizing or downsizing unless it's absolutely necessary.
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u/zductiv 1d ago
even a good debt like mortgage
PPOR mortgage debt is bad debt though.
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u/Spinier_Maw 1d ago
Some will argue that it's a good debt because the underlying asset can increase in value.
Something like a car loan is more likely to be a bad debt because a car's value will eventually go to zero. Of course, even this has exceptions like a tradie needing a work ute.
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u/imawestie 23h ago
The only way PPOR debt is good debt, is if you're actively improving the place to flip on eg an 18 month basis (as a lot of people in construction type jobs do).
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u/ThreeQueensReading 1d ago
Early 30's here. We're mortgage free (DINKs), and had a sub -$200 a week mortgage for years prior. It's been pretty lovely. We live small, travel frequently, and just relish having a high disposable income.
There is some family pressure to turn our PPOR into a rental property and "buy up" the property ladder but we probably won't. Once you're off the paying-down-debt merry-go-round it's psychologically hard to go back.
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u/Appropriate_Run_2706 1d ago
It wouldn’t be a great idea to turn it into an investment property if you’ve got no debt against it anyway. Better off selling, upsizing, then borrowing to buy a new investment if you want to go down that road.
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u/BeeFit5143 1d ago
Why wouldn’t that be a good idea? Not condescending, genuinely curious! I’ve had people tell me in the past you can pocket the earnings once paid off.
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u/TrickBison 1d ago
It’s because interest on the loan of an investment property is tax deductible, whereas interest on a PPOR isn’t. So if you have two houses with only one fully paid off, it’s more tax efficient to live in the one without a loan.
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u/imawestie 23h ago
It is a far better option to refinance against it for a property bought specifically to be a IP.
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u/mr-snrub- 1d ago
No, generally most people just pay off their mortgages unless they've outgrown their homes. Not everyone buys into the investment property merry-go-round
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u/Upper_Character_686 1d ago
Also its impossible for everyone to do it. Average home has 2.5 residents so there can be a max of about 5.5 million landlords in Australia before every other household is a permanent renter. Assuming those landlords also own their own homes, which the vast majority do.
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u/Notapearing 1d ago
Have the spare income to support your partner and also pay off $280k in 3-5 years... Yeah, I'd say "above median" describes your income handily 😂
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u/TrickyClassic2731 1d ago
Its correct when you look at it from a national perspective.
To put things in perspective I only have a two bedroom unit in the middle class part of a very expensive city(melbourne).
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u/Notapearing 1d ago
If you have the income to pay an extra ~$50k a year from your mortgage you are well above the median is the point I'm making my dude.
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u/bob_the_corn_cob 1d ago
TBF if they bought 10 years ago, they are literally just average for their age.
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u/krespyywanted 1d ago
"Bro", i woudlnt put too much stock into the other replies... "my dude". Lmfao
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u/Smooth_Werewolf7665 1d ago
I'm 6 months away from owning my house and never want a mortgage again so I'm staying put. I'll slowly make improvements as time goes on. No part of me needs to keep up with the Jones's
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u/official_business 1d ago
I did the same thing.
Then when I got the house paid off I bought a Mustang.
Now I'm paying the Mustang off.
I'll probably stop buying dumb shit once that's paid off.
Probably.
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u/Stillconfused007 1d ago
Yes it is, the majority talk is of wanting more and more using equity to invest and try to make more money. Plenty of people are happy with one home though, I just want to pay mine off and hopefully then drop another day work, I’d rather have more time, I have enough money.
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u/YouDifferent1929 1d ago
Absolutely pay off your home. Nothing beats the freedom of knowing you always have somewhere to live. Then you can use the equity in your home to borrow to buy another property or invest in shares. The interest on your borrowings are then tax deductible while you have assets that continue to grow. At the same time, top up what you’re putting into super to maximise the magic of compounding interest. You sound very well set up for a comfortable future!
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u/Fine_Prune_743 1d ago
People come up with all kinds of reasons for what they do. Being mortgage free in your ppor is an amazing feeling. That was our main focus and now we can just breath a little bit easier.
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u/pooheadcat 1d ago
Mathematically I guess you can potentially be better than off with two appreciating properties and some tax breaks but having the ability to quit your job/work part time/have less stress also has untold advantages.
Being debt free is an underrated freedom.
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u/RadishMost3345 1d ago
I'm mid 30s with 280k left on my loan too, and my wife is pregnant with our second :)
I have done some investing in the past and by all calculations investments make better returns than PPOR offsetsz whether buying IPs, EFT or directly trading in the market... but even with that knowledge and past performance I am 100% cash in the redraw account whilst investing only through super contributions.
Since doing this I am a lot less stressed about money, I don't find myself being greedy or constantly chasing more in my life, and am spending lots of time on myself and with the wife and kid.
Once the house is paid off I'll likely just funnel cash into a diversified ETF portfolio and passively invest that way with a long term mindset (no stock watching).
I know a lot of landlords, and some of them share their financials. I have absolutely zero interest in the stress of property, agent and tenant management.
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u/TrickyClassic2731 1d ago
Greed is a big deal. I have an oncologist friend, I estimate his take home pre tax is 500k p.a. His primary house (5M$ at least) literally looks like a castle. He still borrows money to invest in properties to buy, build sell etc. To me the debt stress is unbelievable why would anybody do this to themselves, when they already make a lot of money.
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u/Internal-plundering 16h ago
I mean, when you're making $500k per year in a role with essentially guarenteed employment, reasonable levels debt isn't exactly stressful
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u/nukewell 1d ago edited 1d ago
It's a personal decision. A lot of people hate the idea and stress of debt. Personally i'm a fan of maximum debt and leverage to try and build wealth asap. Can always cash it in if you grow tired of it.
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u/Beezneez86 1d ago
When we first bought our house we had no idea about finances, investing or anything like that. But we did know that the more we laid on the mortgage the faster it would be paid off. So that’s what we did. It took us ~14 years, but now we’re mortgage free. It wasn’t until around the 12th year that I started getting into finance. Now we have a solid portfolio as we have no mortgage.
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u/DragonLass-AUS 1d ago
No, but people who buy an investment property sure do want to tell you about it.
Most people just quietly get on with their lives living in the home they bought and paying down the mortgage.
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u/TrickyClassic2731 1d ago
People underestimate the IL game in the short/mid term only beneficial to the banks, rea agents. And only on the reeeeally long term on their side.
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u/SINK-2024 1d ago
Yes having low debt and fewer ongoing servicing obligations is cool and represents true freedom, but you won't hear many people talking about it.
There is an entire industry of leeches and advisors who are incentivised to get you to draw more, or switch, or provide advice, and they all want to 'clip the ticket' along the way and make you draw more and become more indebted. It's the financial services industry.
That's why I can't understand why so many people on these and similar financial forums saying, draw more debt against your home! It's your biggest asset. Your castle.
Instead it there's a chorus screaming Debt recycling! Do it, lever up! You don't hear many people talking about the ongoing obligations and risk you'll be carrying, or when you can expect to be free.
There aren't many people saying quietly pay it off, build real security, cause there's little incentive for anyone to do so.
I wouldn't get anything from saying pay it off and enjoy the quiet life and freedom of choice it brings.
Keep paying your place off and supporting your wife, and make the choice when it suits your family legend!
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u/givemethesoju 1d ago
If I could give you 10000x upvotes I would. Your health, including mental health, is the most important thing you possess and being debt free sure as hell improves that.
Watching Squid Game 2 at the moment and all the contestants short of the Front Man and Gi-Hun sure asf wouldn't be competing if they had financial security...
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u/Sweet-Yogurtcloset43 1d ago
Too many people want to constantly upgrade their home and lifestyle, but neglect to focus on the mountain of debt they're getting in to.
Constantly upgrading homes and lifestyle just keeps pushing retirement further and further back. It's just a lifestyle choice, but horses for courses.
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u/TrickyClassic2731 1d ago
We are 2nd only in the world after Switzerland in the level of household debt. People who see debt in a positive way call it leverage though. Depends on the thinking as well. I’m debt averse.
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u/dakiller 1d ago
If your assets that you bought with debt go up in value faster than your repayments for them, then the debt is good and is working for you.
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u/Bulky-Fee-5127 1d ago
I used to think the same. But as I get older I realise more and more that life isn't a spreadsheet and debt is a mental burden, even if you think it's working for you.
Number wise you're not wrong and obviously ppl are built differently but I'd never go back into any debt again, good or bad.
And I've never been burned, just free now. The weight that lifts from being debt free is tremendous and can't be quantified on paper imo
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u/Sweet-Yogurtcloset43 1d ago
Only if it's a financial asset, not a lifestyle asset.
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u/Sweet-Yogurtcloset43 1d ago
Leverage is only positive if it's deductible, used for investment in quality assets or both. Debt is not positive if it's for lifestyle.
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u/SlickySmacks 1d ago
I'd rather invest in etfs long term over having investment properties. I never got the whole investment property craze when I can sit back and do nothing and still probably get the same return
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u/Appropriate_Run_2706 1d ago
Well you don’t understand leverage then do you?
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u/SlickySmacks 1d ago
Sure do mate, but the appreciation on a property that's leveraged still isn't better than stocks especially for the amount of effort it takes
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u/Appropriate_Run_2706 1d ago
That’s historically false in the Australian context, especially when you take into account the tax benefits associated with investment properties like depreciation, management fees, interest, etc etc.
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u/Spinier_Maw 1d ago
I believe a globally diversified ETF portfolio is just as good as an IP. This is after accounting for leverage. Remember, leverage is not free. You still need to pay the bank.
IP is tax deductible, but also tax liable on sale. ETFs are not tax deductible, but almost tax free if you structure them correctly.
With ETFs getting cheaper fees and more regulations for IPs, ETFs are going to give IPs a run for their money.
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u/rockywaybread 1d ago
I’m in the same quandary as OP. Your comment about structuring ETFs correctly for tax is interesting. Any resources you could recommend on how to do that? I am swaying towards ETFs due to the hassle factor.
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u/Spinier_Maw 1d ago edited 1d ago
It's exploiting the CGT discount and tax free threshold. And the fact that ETFs can be sold in an exact amount you need.
Imagine this scenario: * Tax free threshold is 18K * CGT discount is 50%, so up to 36K per year is tax free * But only capital gains are taxed, not your principal. Assuming 100% capital gains over the long run, you can sell 72K worth of stocks (half, 36K is your original money).
72K tax free in retirement is a very comfortable amount to live on. Having a spouse doubles that. Throw in a bit of franking credits and it will be a while before you pay a single cent of tax.
IPs are tax deductible during their lifetime. It's true. But when you sell, you will quickly reach the highest tax bracket since you cannot sell only part of that million dollar property. So, you will pay 23.5% tax on most of your capital gains (Capital gains above 190K are taxed at 45% plus 2% Medicare levy. With 50% CGT discount, that's 23.5%.)
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u/boom_meringue 23h ago
That's a really interesting way of looking at the maths, thankyou.
Is there a way to get similar leveraged exposure to etfs, or low cost managed funds, that would match the type of leverage available for IPs??
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u/Spinier_Maw 22h ago edited 17h ago
Look at GHHF if you want something simple. It's internally leveraged.
"Debt recycling" is better if you have a PPOR. Search this sub and you will find a few discussions about it.
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u/throwthecupcakeaway 1d ago
Exactly what we’re doing - paying our house off as fast as we can (have 3.5 years / $240k to go). I just don’t want to be a slave to interest rates and banks anymore. I want peace of mind knowing that whatever happens - this house is forever ours. Once paid off, we will live like kings - my husband tells me, lol. He’s said he wants to eat the equivalent of our mortgage in wagyu steak if he feels like it. Unlikely to happen but it will be nice to spend that extra money on whatever we want - guilt free. I can’t wait!
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u/whymeimbusysleeping 1d ago
I'm with you, I paid my mortgage asap.
Being a landlord is honestly not worth it, even when you take into account the explosive capital gains over the last 2 decades.
I partly own a cheap IP and even though I haven't had anything major come up yet, I need to be available for what is essentially an emergency.
Something breaks? Either overpay someone via REA to take the problem off your hands, or cope the hassle and fix it or organise it yourself.
Some people will challenge this saying IPs can be used for diversification. Sure, but it'll give you more work for similar returns.
Would you invest in a kebab shop to diversify if it gives you similar returns to the share market?, you just need to be available for any crisis or random expenses when necessary.
The share market allows you much more diversification, different sectors, different countries and most importantly, you can sell in an instant when you feel like it
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u/Dav2310675 1d ago
Personally, I would.
There was a post here just yesterday where someone appears that he did not, but has now found himself in great strife by not doing that.
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u/speak_ur_truth 1d ago
That one seems a bit different, wasn't an investment but a change to help better support their kids with disabilities. They were building a new home and still living in the old one until it was finished. Some bad luck with that story and hopefully the go after and successful force the power company to pay, if deemed their lines were at fault.
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u/Heavy_Bicycle6524 1d ago
You’re not alone in that. I have worked out at the current rate of repayments my house will be paid off in another 18 years about 5 years earlier. That’s only on my current payment and current interest rate. Each year as my pay goes up I am upping my repayments by half the increase. In addition to that, if I have any spare cash I’m throwing that directly into the mortgage as well. Yes I know I could possibly get higher returns on my money in investments, but getting rid of the mortgage as quickly as I can will be a massive burden off my shoulders
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u/Adventurous-Hat318 1d ago
If your able to earn enough to pay your mortgage off in 5 years with that current balance, I’d suggest hitting it hard, and then once it’s paid off, take the amount you were paying on your mortgage and start a massive investment portfolio, I mean if you divide 280k by 5 years, it’s 4666$ a month without even considering interest, so you’re likely paying 8k a month on it. If you started investing that heavy even from having no previous investments, you’d be laughing 10years post mortgage (not to mention salary increasing over this time).
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u/TrickyClassic2731 1d ago
Like the idea, makes sense. Though this time only will only be non-leveraged investments.
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u/superPickleMonkey 1d ago
I had this idea. Then when I was debt free, we decided to buy another house.
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u/Standard-Ad4701 1d ago
Pay of anything that has the biggest interest first always seems a smart idea.
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u/bifircated_nipple 1d ago
Paying off early is awesome but there are advantages to snowball your debt. If the bank will lend you 10mil on income you absolutely should be going well beyond a house to live in. Leverage debt and take advantage of the rental crisis. God knows we all work hard, if you can make money AND provide property for renting to others why not. It's better for the economy than airbnb.
Just don't go mad. If banks offer 10mil start much smaller.
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u/hqeter 1d ago
We paid our house off as quickly as we could and are completely averse to more debt. Since paying off our house we save regularly and invest in a few ETFs that we like for the long term.
We have never borrowed money for anything other than our home.
This has allowed us to make decisions around our work and lives that are based on balance and lifestyle rather than maximising income to service large debt.
There’s a lot of freedom that comes from not owing anyone anything!
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u/mr_gareth 1d ago
It's pretty much what I did... It was my first house, paid it off when I was 43 (I just turned 46). I plan to stay in it until I retire.... Then I'll look at my options. It's a great feeling having zero debt!
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u/Sys32768 1d ago
The main question is: Is your house enough?
If it meets your needs forever then pay it off and enjoy. If you need something bigger then move.
I earn good money but I don't feel the need to have a better house than I have.
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u/Successful-Badger 1d ago
If you’re going to upgrade and turn current home to an IP in the future, then you’re doing it the wrong way.
If not, you do you.
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u/krespyywanted 1d ago
Being debt free sounds nice in theory. But deductible debt is the best way to FIRE asap.
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u/morethanweird 1d ago
My partner and I opted to pay off our loan asap. My own parents were terrible with money and often didn't have money for food or bills. I can't tell you how good it felt knowing my home is mine. Now that our loan is paid it's freed up a lot of money for luxuries like holidays and saving for our daughter's future. All things that are becoming increasingly difficult, if not impossible for people with our low income.
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u/Competitive_Donkey21 1d ago
Why not both?
I'll own my PPOR in ~ 19 months conservatively, then I'm looking for a place I actually want to live forever (so probably another 600k loan for a 1.3m place). This dog box with 5 neighbours an underarm ball throw away is no good. And I have 500sq which is somehow considered "large"...
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u/DK_Son 1d ago
If you like your PPOR then don't re-do your debt to borrow more to upgrade to be part of the endless chasing of upgrades. Nothing wrong with paying off your PPOR, then assessing your situation. Debt-free PPOR gives a lot of peace of mind and opens up a lot of life options too. Like taking time off without the mortgage looming over you, throttling back work hours or changing job, or going down any of the investment routes.
At that point you could take on an IP and hammer it down (rent+your income), or you could start sending a fat % of your salary into stocks/ETFs/etc. Or maybe you'll just save up for more holidays. No wrong answer if what you do is what you wanna do.
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u/andrewm1986 1d ago
We just paid off our PPOR and are discussing the next steps
Either buying an IP or just investing in shares
Either way we won’t be remortgaging our PPOR again.
You can make arguments on if it’s the right or wrong thing to do financially, and there’s good arguments either way.
I’d probably argue that, purely financially, it’s the wrong thing to do as we aren’t leveraging as much as we can into a growing asset but…
emotionally I am happy with our choice or having no debt anymore as a family.
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u/Pretend_Village7627 1d ago
My experience.
Bought first house in 2017. Saved up 220k and put a decent deposit down on an IP in 2021.
Original house is now worth double. IP is worth $600k more.
Including all fees, extra mortgage payments on the poor I'd have not made if I wasn't in debt, tax, realestate costs etc. I'd I sold tomorrow I'd still walk away with $80k/year, more than I make at my job.
I'm going to sell it shortly and be debt free, buy my dream car and work less. The rest of the money will go straight into super, maxing out my previous years contributions (I chose to SS 15% of my wage since I started working, but I'm way off the caps)
For me it was a way to pay off my ppor, not a huge portfolio of wealth.
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u/scotty_dont 1d ago
This entirely depends on whether you view your house as an “investment”. Paying off the debt is equivalent to reducing your leverage. If you take the equity out and buy again you can keep yourself at 20% deposit and that’s great if you view houses as something to speculate on - stay levered up and get 5x the returns.
However if you view your house as a place to live, and you’d rather invest another way, then the choice is more about peace of mind. Your mortgage is probably going to be in the 5-7% range for the foreseeable future so you can likely get better returns than that with other investments. Therefore paying it off early isn’t necessarily financially advantageous, but could be for your mental health.
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u/fremeer 1d ago
depends what you want to do. for instance some people use the redraw feature to invest into shares and claim the interest on the PPOR on tax.
Others will buy an investment property. The loan you get from your home loan is one of the best you can get. So many people prefer to keep it relatively open so they can use it as a way to get cheaper loans for cars or large expenses as needed.
It comes down to what you are comfortable with. Paying down the debt is safest and least effort option. everything else moves up the risk curve as well as the effort or cost curve.
Many people debt recycle into shares as a way to stay ahead of the debt and pay it off the fastest. But a downturn can potentially put you back a few years. Depending on the house you buy some people will buy a cheaper "starter" house that they build up a decent offset and some equity on and when rental returns match approximate mortgage rates they move to a bigger house and keep the original house as an investment.
For many people an investment property is just a short term thing, they might hold it for only a handful of years while they maximise taxes and "paper" losses and then sell when it gains a bit of capital gains.
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u/Infinite-Sea-1589 1d ago
We’ve decided to prioritise paying off our PPOR (just bought a new home, mortgage will be ~$400k) rather than investment properties. We do buy shares (~10% of our after tax income/year + salary sacrifice $50/week each to super)
I have no desire to deal with the headache of residential investment property.
To each their own, as much as many people push investment properties as the only way.
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u/imawestie 23h ago edited 23h ago
When marginal tax rate is 47%, there are a lot of things where it can make sense to carry the debt while you're accruing capital gains.
Capital gains will be taxed at a maximum of 24% (ie 47% marginal rate but only on half the gain).
So paying interest this year so I can sell an asset if 5 or 10 years is income deferral and tax management.
Also, owing $1.2m in 2025 against 4 properties, is less debt than owing $1.2m in 2020 against 3 properties. The $1.2m isn't worth as much. and the 4 properties, are worth almost double what the 3 properties were worth (the same 3 +1 more).
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u/SplatThaCat 22h ago
Debt free is a good idea, pay off the PPOR.
Most people just keep upgrading, and stay on the treadmill. Throwing money away in stamp duty every 5 years is pretty dumb too.
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u/TrashPandaLJTAR 21h ago
People can do things however they like, but I personally think it's madness to take on more debt when you haven't paid off a PPOR that you already have a mortgage for. I know that financially it can be a great move for some people. I just personally have never thought that leveraging my home for more debt is a good move.
Some people get SO burned about that view. It's all about risk for me. There's nothing that's worth more to me than housing security.
Through a lot of hard work and a good dose of luck, our mortgage was paid off by 40, and the sudden freed up income can be used for investments without risk to our home if something were to go wrong.
We're definitely not going to make ourselves rich beyond our wildest dreams that way and for some people that endeavour is worth the risk. For us it's not. And for a lot of our friends who've recently decided to buckle into their mortgages as well, it seems like that's not an uncommon view anymore.
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u/rollsyrollsy 21h ago
Two things come to mind: 1. Negative gearing is generously set up in Australia for people on higher incomes 2. NG is getting a lot of press politically and could change, if a politician ever decided to make it part of their platform as a differentiator.
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u/DanNotTheMann 17h ago
There's few better feelings in life than owning your own home free and clear.
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u/DidHeDieDidHe 16h ago
When interest rates are high, pay off the mortgage. When interest rates are low, invest.
I'll never get why, when mortgage rates were super low, some people were frantically paying off their mortgage, when over the long term (7 years +) both investment properties and the stock market massively delivered.
That's how you generate real wealth and can cash in and pay off your mortgage early. Compound interest is a wonderful thing.
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u/Firm_Ear_8263 16h ago
Yeh mate, just focus on debt and super on a rate you are comfortable with. Everything else will sort it self out.
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u/MrMementoMori 16h ago
This is what we did. Took us 3 years 1 month. We are only one income so buying another house just didn't seem possible while we have a toddler so I just hustled and put it all into the offset. Mental health has definitely improved! Good luck
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u/NuthinNewUnderTheSun 1d ago
IMO financial freedom happens through step changes to finances, which correlate with investment. Sure, paying a house off is a great achievement, but there is no income or ongoing benefit other than no mortgage repayments. Imagine ten years from now, you have $1M in equity in other investments, plus a residual income stream, and you’ve paid your house off? Or could sell investments to pay your house off and have a chunk of $$$ available for whatever you want?
Debt recycling is IMO a no brainer.
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u/Obvious_Arm8802 1d ago
It’s definitely not a no-brainer. The return on putting money into your mortgage is a guaranteed 6-7% currently. The long term gain in the share market is 10 but you could easily go a 5-7 period with less than a 6-7% gain. Maybe longer.
Even if you do make that 10% gain the risk isn’t worth it for such a tiny overall benefit (a couple of percent).
Personally I’d strongly recommend most people just pay off their mortgage and then when they’ve finished start investing.
15 years should be long enough to pay off most mortgages, unless you start messing around with debt recycling.
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u/No-Cricket-6678 1d ago
Paying off a mortgage is out of reach for most people, so they tend to focus on managing their debt instead.
If paying off a mortgage in the short term were a realistic option, a significant percentage of people would likely choose to do so.
No Mortgage would be heaven
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u/TrickyClassic2731 1d ago
Look I support (soon) two dependants so our earning per head is bellow median. I think with some fiscal management it is still acheievable mid term for us. The hard part is to not get into the competitive lifestyle with our peers and friends. Bigger houses/range rover/expensive travels for leisure etc etc.
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u/madeinitaly77 1d ago
It all depends on your world view like many have said. I have been in Australia for 20+ years and I am an average person on 100k salary (only achieved this in the last 3 years) and I'm 48yo. I bought a 4bdr house when I first got divorced so I could host my elderly parents and my son when staying with me. I then got remarried and bought a slightly bigger house and became an incidental landlord. In my experience if you are an average person, nothing can make you money as RE in Australia. It's a life choice but worthwhile I think...
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u/OhhClock 1d ago
You're not supposed to clear your mortgage. Especially not your first house.
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u/TrickyClassic2731 1d ago
How does the thinking behind this work?
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u/OhhClock 1d ago
Ok so in your forever home then sure go for broke and clear the mortgage so it's yours outright.
But what I was taught is to use your house/mortgage as a way to gradually move up to your forever home. use it as an asset and gradually step up from first home to forever so don't try to clear it each time and have to start again.
It makes sense to me.
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u/Historical_Phone9499 1d ago
What do you invest in then? Housing in Australia has been a licence to print money for the last 30 years
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u/andyman1120 1d ago
You do you. Personally I'm a big fan of just paying off PPOR as fast as possible and then enjoying life. No appetite to have investment properties or up size. Only thing i do is max out super contributions. Life is for living, not being a slave to debt. But thats just me