Thanks for the advice guys, much appreciated!I am certainly keen to avoid LMI where possible. I am having a meeting with the broker I used when purchasing my PPOR, to get some "non bank" advice on this.The thought of finally getting in to investment property is quite exciting.Brad

Thanks for your replies guys.I suspected having the 60k in its own loan (loan 2) would actually be better. I assume I'd setup an equity access facility which would simply give me access to the entire amount of equity (60k assuming the PPOR is valued at 450k) and mirror loan 1's interest rate, is that normally how it works?Furthermore, if I do buy…[Read more]