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  • Profile photo of Mel and RobMel and Rob
    Member
    @mel-and-rob
    Join Date: 2009
    Post Count: 1
    October 26, 2009 - 1:04 pm
    Hello, I also have a question I currently own an investment property in Port Hedland WA, which was valued 8 months ago at $480,000 and now has $308,000 owing, the property is rented at $1200 per week, my partner and I are seriously thinking about using as much equity in my property to purchase our own home in Mandurah WA. The loan on the investment property is Rocket Repay with Westpac but am considering looking at other loans that may work better for me and my partners circumstances and changing the loan to interest only  (unsure if a good idea???), how much equity could we use in the investment property and is it worth while almost maxing that property out to go towards purchasing another property to live in???
    Also I am struggling to locate a really good financial advisor in the Mandurah area does anyone know of any, it would be much appreciated.

    Thanks Mel and Rob

    First investment property  now keen to purchase property to live in (dont really like renting) 

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