I'm in the same situation and hoping to buy a 250k IP next year to rent out. I will be fairly close to my serviceability limit in the banks eyes if interest rates continue to rise. What I'm wondering is with an offset account does the money I put into that automatically reduce my minimum repayments or would I need to refinance?I can save really…[Read more]

"I'm not trying to be facetious. I wanted to 'retire' at 40. Never happened. No matter how I twisted & turned the numbers, I still stared at $750000 to be financially independent."This is what I would like to achieve. What prevented you from retiring at 40? Did you start investing too late? Was the income from your job not enough? or something…

Hi EdiotI'm glad you posted this because I am in exactly the same position Just wondering where do you plan on buying and if you are going for a house or unit?I am in Brisbane and finding it hard to find properties in this price range that have good growth potential.