THanks all, Agree with Gold and USD as hedge against AUD which should tank if property tanks. Already own fair bit of gold so wont be selling that to pay the mortgage.
Another plan is to keep the mortgage in only my or my partners names and keep our other assets in the other persons name (or set up a family trust for these assets).
Then if property tanks (would need to be at least 25%) it would be worth walking out on the property and the loan with all our other assets intact. Only drawback is that one partner might have to declare bankruptcy, (although if property fell 25% , I wonder whether the banks would force bankruptcy on everyone)
Has anyone ever had experience with that kind of plan?
