Hi tony, Thanks for the advice. I think at this stage I'll go with the idea of topping up my existing loan and using it as a deposit. It will make life during tax time simplier! Will the bank work out my maximum lending amount of money without taking account the equity of my first investment property? As the interest component is deductable I'd…[Read more]

So by the sounds of things, you can have 2 loans with the same lender and not have the 2 IP cross colateralising? That certainly is great news. I currently have approximately 40K sitting in my first IP loan account offsetting it (with commonwealth bank)….As I mentioned the equity growth in my first IP will be approximately 100K. What is the best…[Read more]