Thanks,As I said a bit of a stoopid question, but some good discussion ensued. Given that we haven't had to worry about connecting electricity in our PPOR for about 10+ years and before that things were a bit different as they used to actually come out and disconnect from memory…..Cheers,DC

Thanks for the great advise.  I am a little confused about borrowing deposit from PPOR.  How does this work?Is it – I borrow 80% of IP value + draw on PPOR for 20%?  Could I draw on PPOR more to include some reno costs or mortgage repayments whilst it is untennanted?  Or is this unwise?Off to hound the real estate agents and check out open hous…[Read more]

Thanks Jamie and Michael – I see you both are very active here.  I was hoping to attract some solid advise. A couple more questions please…..Is it better to use cash as a deposit or save it for reno costs?Can you include the reno budget in the borrowing of the property?If I was to borrow 100% what are the risks?I have read that you should buy a…[Read more]