From what I hear the banks have tightened up since the GFC on the practice of releasing equity from your properties to live off and capitalising the interest ongoing?

Hmm very interesting, will be keen to hear Richard's view on this? Richard has just helped me set up a LOC with my existing lender of 50k which I will use to purchase my I.P I am buying off the plan.

By the way guys I cannot speak highly enough of Richard (QLD007) and the A+++ advice he has giving me so far in the setting up and structuring of my loans. 

Agree with Hulkster, anywhere from central to south of geelong you will find low vacancies and quality properties. I have lived in Geelong my whole 30years and have recently purchased an I.P off the plan in waurn ponds.

It's exactly the same process though. Difference being the premiums are paid by your superannuation fund as apposed to coming out of your cashflow. Bear in mind it's only tax deductible if paid from your cashflow. There are advantages and disadvantages to both options.

Hi DWG,

Armstrong Creek is located just off Torquay Rd basically in between Torquay and Waurn Ponds about 5-10mins from Torquay.
As far as investing in Norlane and Torquay you will certainly find cashflow + properties there. Unfortuantely they are very low income areas and suffer high unemployment. It's an industrial area that obvoiusly relies on industry for employment but with Fords and other factories laying off staff it has set the area back.

I think the best way determine if suburbs such as Norlane and Corio are good investment prospects 1st check out how many real estate agents are located in the areas! In the case of these two the answer is zero!!

As you may have gathered I am born and bred in Geelong and currently have my PPOR and I.P in Waurn Ponds which is around 30-40mins south of Corio, Norlane. The new ring road finishes in Waurn Ponds and the population is expeceted to triple over the next 20years so prospects are much better in central Geelong and places south of there I believe