Derek,
Thanks for your reply..
could you please spell out what you mean when you say “..Set up a line of credit secured against your home and use these funds to pay for the deposit plus purchasing costs. You will need total loan of around 105% of the property – 25% comes from your line of credit and the balance from separate loan”.. I think I know…[Read more]

I am currently in the market of researching -/+ gearing and seeing what works for my situation. I am looking at an IP, and am trying to work out a formulae, on what I should be purchasing (cost of house), how much rent, what loan amount etc. I realise that you only realise a gain when you sell, h/ever I am still trying to graple with the tax…[Read more]