Thanks so much richard for your professional advise and putting my mind at ease, I noticed you answered basically the same question I posted on another thread also before i read this one. You obviously do a bit of surfing and problem solving on this site. Good for youcheers

hi newbi, qld007 thats really helpful but i have some more questions for youNewbi2,

do you mean you pay down your PPOR loan and reduce the loan amount with the profits of sales or do you place the cash in an offset account?  That leads me to another question. What happens to an IO loan when the offset account equals or is more than the loan…[Read more]

hi bruhamyes thanks for that, yep that all sounds good, I think scarboroughs the go two, and glad you agree as you said its  ilke northern beaches of sydney 20yrs ago, ( i grew up around terrey hills so know it well). Yes wynum has less appeal for me but I can see its value being close to Manly which is now quiet expensive in comparison and much…[Read more]

I have another interest only question. I have an Interest only  loan on my PPOR with an offset account attached, AM i better of switching the loan to principal and interest and attached to the same offsett account. Is there actually any difference finanically. Advise appreciated..