Hi everyone, thanks SO much for all your professional input. I feel much more clearer now;)

Hi Benny, thanks very much for your reply.

May I ask why cant we refinancing our original loan to a larger amount?

Initially we have $400k loan on our PPOR with A bank, we now are going to refinance this loan to $600k with B bank, so we can use the $200k equity for deposit.

Do you think this is the right thing to do? Sorry we r new to investment and very confused.

Thanks very much, Jamie.

What are the main facts that can influence bank to decide that more equity loan has to be used and less investment loan can be lent? Income?

Thanks for your replies!

To planning permit,

Can you explain a bit more about the difference in subdivision between Brimbank and Wyndham councils?
Which council is easier to get planning permit?

Thanks!

Thanks very much for all your replies!

We thought we have very limited income (only about $100k as a couple with two kids), but we got told by two brokers that we can even buy more than one investment properties, because 20% deposit will come from the equity, and with our current income we can release enough money to get deposits for two investment properties. For the rest 80%, the bank will lend us anyway as it doesn’t relate to the level of income, it should be calculated by the potential rental income.

Is that right?

Thanks for your reply Ivan.

We want to buy a house with backyard.

We know both subsurbs are not desirable for young family, but we have very limited budget, $350k.Braybrook is too expensive for us.

The strategy is to buy and hold for a long time.

What about laverton?

Thanks for your explanation, Corey.

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

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

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 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 am just too new to understand this straight away.