Trying to time your investments with the fall of the Australian dollar could be profitable, but challenging to pull off.
The other challenge here is that the Aussie dollar’s fall is reflective of a weaker outlook for the Australian economy, due primarily to a poor outlook for China, the biggest customer for our exports.
Note also that if you adopted your proposed strategy there would likely be some capital gains tax consequences in making this move within your super fund. Super funds pay 10 per cent CGT on assets held for more than a year. Does it make sense to put surplus cash in an offset account for an investment property? I own my home and have no debt.
It could be however that your goal is to build up as many assets as possible and your planned end game with the property is simply to sell it off at some point in the future. If that’s the case it might be better to invest your surplus cash and maximise the negative gearing elements of the investment property. This would be especially the case if you’re on a high marginal tax rate.Should I pay off my HECS? I have enough in my re-draw to get rid of it.
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