Sounds like you are all over it.

Thanks again.

ezzietee wrote:

I realise that their are many many lenders with much better rates, so this choice will cost me a lot of money.

You can negotiate on the advertised rate or better still get a broker to go into bat for you.

I am finding CBA are pricing competitively if asked.

Consider financing the 3rd IP at another bank to mitigate the risk that concerns you as the new bank will rely on estimates of the other 2 properties values. If you do the 3rd IP at the same bank they will have the most recent valuations on file and may require updated valuations if the LVR is over 80% and/or they have concerns on the current value?

It also has the advantage of avoiding a concentration risk by having to many properties at the same bank. This is something to be considered seriously once you go over 3 IPs in my opinion.

• This reply was modified 10 years, 7 months ago by  Colin Rice.

AMP will only allow 10 IPs and then no more funds available.

May be worth exploring moving a few of your AMP properties to another lender/s in order to accumulate more properties in order to avoid the serviceability ceiling later rather than sooner.

You have highlighted the two most important criteria being serviceability and security (usually in the form of equity or cash or a combination) but your other outgoings other than property mortgages will have to be factored into the serviceability equation.

• This reply was modified 10 years, 7 months ago by  Colin Rice.
• This reply was modified 10 years, 7 months ago by  Colin Rice.

Rivervale is a decent suburb due to its location. Hard to say with out seeing the specific property/s and even then I would not make a specific comment due to my license and PI cover but others may comment freely. 

Perth on the up? Depends who you speak to but all the "experts" like Gavin Hegney and Damian Collins seem to think Perth is in for a good 2014.

Don't think it will grow as much as last year but my personal opinion is there is some growth to go.

LOCs can be recalled at anytime as per contract, the majority any ways.

Standard loan, Interest Only with an offset definitely the way to go.

Yep, get your finances in order first as per Richards advice or you will end up putting unnecessary pressure on yourself and the broker. 

If you don't have many debts then looks doable to me. 

Contact an insurance broker to do some leg work on your behalf or ring around to get some quotes to compare. 

I have heard good things about Real Insurance. 

P&I is ok but better to go interest only with offset. 

Get a valuation or two done on your property as it could be valued at more than you think or less.

Consider a 90% lend on both properties. Can go to 95% as I've seen it work but really needs to be in a moving market imo. or if you intend to hold for an extended period.