Thanks Benny and Catalyst for your replies.

I was an average earner, I live in a share house and I own an investment property in Queensland. I was recently made redundant and I am planning to use the money the company paid me to do buy another investment property when I get a new job in place.

I used two investment properties as example in my…[Read more]

Hi QLDs007 and Benny, thanks very much for your reply, your answers to my questions have made me come up with even more questions

Before I move on, let me make the following assumptions for the example:-
– I owe the bank $300k for each IP
– The interest rates of the 2 mortgages are the same
– I am able to put away $2,000 saving per month from my…[Read more]

Thanks guys for all your replies

Lets say I park my money in the offset account for now but I want to buy another investment property down in the future, when should I even start considering? Should I wait till the sum in the offset account grows larger? or should I wait till the investment property I have in Springfield Lakes goes up in value…[Read more]