Thanks very much for the feedback, i am starting to get my head around it now.. Only thing i'm still not quite sure about is..Once the 10 year interest only period finishes, all of a sudden my repayments shoot up through the roof??? With 4,5,6 properties or more, how do i service the loans?

ok.. i really appreciate the feedback.. but i am still a bit confused about a couple of things..I understand that having money in the offset account reduces the interest payable, and can be used as a deposit for a future house, but how do i ever build equity in my investment property, especially if i have 10 year interest only periods? I am ony…[Read more]

Thanks Terry,So you generally have Interest Only loans for a term of say 5 years.. What happens at this point when the Loan returns to Principle and Interest? With the Interst Only Loan do i end up paying more over the duration of the loan/does the total loan duration take any longer etc?It seems as though there is no real case to ever have a PI…[Read more]

DOES THIS APPLY IN VICTORIA? I have purchased a property (bought land and build house) in Vic using FHOG. Lived in in for 6 months and now about to rent out as an investment property. I have obviously paid stamp duty on the land. What are my stamp duty implications now as i have only lived in it for 6 months???Please help…

I have done the same thing also, and have spoken to the bank about what i am doing and even organised another loan for a new property. The original loan i have taken out for the property stays exactly the same. The only thing that i would suggest is switching your insurance from General Home and Contents to Landlords insurance so that you are…[Read more]