Thanks for your explanation, Corey.

So do you think which figure is the right one according to my loan situation.

But even when I choose repayment type is P&I, the calculator still shows $336 per fortnight?

I am so confused

May I ask when people mention repayment, does that mean the repayment of the principle?

Thanks for your reply in the busy time, Richard.

It is principle and interest loan.

So should I divide $750 by 2 that is the repayment?

Thanks very much for your answer, Corey.

May I just ask a bit further about your explanation:

When I have $200k offset against $200k loan from my PPOR, if I only need $100k as a deposit for my investment property, I shouldn’t just take the $100k out as a cash to pay deposit for IP, I should structure it as a loan borrowed against the offset account.

Thanks for your reply, Corey.

What about if my house is interest only as well, we r thinking of upgrading in 5-10 years, we got suggested to use interest only loan for both home property and investment property.

Thanks very much for both of your replies!

Terry, with the problem 2 that you mentioned, how can I pollute the borrowed money and create a mixed purpose loan by the loan structure that I got suggested? And why can your loan structure avoid this happen?

I really appreciate you have read all the figures and provide me a solution, I am sorry that I…[Read more]

Thanks so much for your reply, Ben.

I am so new so I don’t even know if I am a passive investor. I just like to buy and hold it but I don’t like to sell it in the future, I don’t know if this is right thing to do although I just feel to do so. I do prefer to buy a house in a further suburb than a Unit closer to the city. But there are so many…[Read more]

Thanks so much for your clear explanation, Jacqui.

I very much appreciate to get known these information that we didn’t consider.

Totally agree, I live not far from footscray, love inner west melbourne!

I was narrow minded one who claimed I would never live in western suburb. But since we moved here three years ago, I absolutely love here. We were renting first, then we decided to buy a house here. Compared to the places that I have lived before (balaclava, abbotsford &…[Read more]

Thanks so much for both of your replies!

I am in Melbourne too, and much prefer house rather than apartment or unit. But the guy said the banks will not only look at my income (rental & employment), but also look at the ratio of annual rental income and the first investment purchase price.

So in the same area, if i spend less money to purchase…[Read more]

Thanks SO much for your explanation, Richard. I feel much clearer after reading your reply.

I will contact you this week.

Thanks so much Jamie for telling directly that our capacity is tight. We really just need a simple sentence just like this from them so we didn’t have to spend weeks wondering what the problems are.

I will also look into the structure, some lenders told us to release lots more equity than 20%, others only focused on investment loan and didn’t…[Read more]