HI Jamie,

Thank you for your reply.

If I can share a bit more info, I would like some basic advice on where to start.

Current IP is in my name. owing 230K split loan 150 fixed IO, 80K var IO with offset facility (neg geared)
Our home in my husbands name. owing 150K var IO, 30K var I+P with offset facility

Both properties are independent (not secured by each other), as they were separately purchased before we were married.
Both properties are now worth more than what is owed on them as they are newly renovated, estimate market values suggest this.

Is it wise to save up deposit and pay in cash (which will take more time), or should we borrow more off our existing home loan?
Do the banks need to know that you are using that money for another IP?

What would be the best way to set up the loan on the next property? considering that it’ll be our home in a year or 2.

I would like to definitely get some professional advice, but I don’t live in Sydney, and I’m worried that I won’t find any decent advice in a rural NSW area.

Sorry about all the questions, kind thanks.