Hi

Thanks to everyone above for the reply.  Can now clearly understand why paying down on the PPOR makes sense.

So aside from this my major stumbling block is just going to be getting a sufficent deposit together?  Guess there are no strategies to really get around something like this?

Only have around $10k cash at the moment – guess I was assuming more equity would be available.

Is there anything tips you have for going through the upfront valuation process that can assist in maximising valuation?  Just about to start this process (FYI – loan is currently with NAB, if that makes any difference)

Cheers

Hi

Thanks for your response.

Are you please able to tell me how the $33k amount was arrived at?

This would not be a short term thing.  My partner and I would both be happy to live in the new house long-term and to hold onto the investment property long-term too.  We're both pretty risk adverse and harbour no further property ambitions beyond…[Read more]