Thanks Qlds007.

So even after paying my defaults, and showing good steady progress, I'm doomed? What do the lenders look at? When we say higher interest rates, how much higher am I looking at? And when can I expect to be treated as a normal low risk borrower eligible to benefit from the lower rates? Can it be while ive got paid defaults on my file or AFTER everything is completely wiped clean? Are there different types? higher down-payment and lower rate? Minimum 20% deposit and higher interest rates? Does it depend on my income and borrowing power at all? Or I can forget dreaming till the file is completely clean?

Would really appreciate any input from the gurus… Complete novice here, but someone whos got the itch to really get up and do something.