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  • Profile photo of nicole10nicole10
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    @nicole10
    Join Date: 2010
    Post Count: 4
    December 9, 2010 - 10:23 am

    thanks for the info Sue,

    If i made just an assumption i would estimate the equity would be between 100k-150k.

    As this is a joint investment property, i am unsure if it will affect my ability to use the equity in the house.

    your information is much appreciated.

    Profile photo of nicole10nicole10
    Member
    @nicole10
    Join Date: 2010
    Post Count: 4
    December 8, 2010 - 9:18 pm

    Thanks for the info Jamie, i understand the way it works no.

    I currently dont have a PPOR , just the investment property.  So im not sure if it is in my best interest to buy the next property as a investment or PPOR.

    Profile photo of nicole10nicole10
    Member
    @nicole10
    Join Date: 2010
    Post Count: 4
    December 7, 2010 - 9:22 pm

    Hi Jamie,

    Yes we rented the property initially for 11months then we moved in for 6 months due to the FHOG and will move out again in February so we can get new tennants in. The loan is indeed with CBA.

    Regarding the interest only loan with an offset account, how does that structure benifit a investment property. 

    I would assume but will definitly check with the banks that an interest only account allows the option of a variable or fixed structure.

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