Hi Tom

I havent signed any contracts yet
The finance has been approved and contracts are  in the post to me.
Settlement date is the 20/11/12
I know i am running out of time on this but i still may be able to discuss with anz before signing any thing
From what you say it sounds like i need to get it right to save money and grief down the road.

No, i wish now i hadnt gone through a broker,they were not very clued up and when i arranged an appointment with anz to discuss the structure, they wouldnt talk to me because i was proceeding with the broker.

Still, i should of done some more homework earlier

Thanks for your comments guys

Hi Qlds007

If i had of put set them up as stand alone would i have had to then pay 20% deposit on the unit cost?

Valued at $400,000 by ANZ valuers. yes i do have cash but didnt use it as deposit. I have used the equity instead of paying a deposit
Current loan amount on PPOR is about $312,000

I am refinanced with anz just to get back into a mainstream bank.I was with Homeloans LTD but their branches had dwindled down to 1 in all of Perth. No atms and only online banking. I purchased my PPOR about 6 years ago.

Hi guys, i am also new to  property investment and have a similar question
I am refinancing my home and have borrowed for and investment also.
I paid LMI on my PPOR when i bought it, can this insurance be carried over  to the new lender i have refinanced with because with the new property my LVR is up at 87% . I never thought to ask the new lender…[Read more]

Ok Qlds007, thanks for the advice. Could you explain what you mean about the lender doing a credit search and frying my credit scoreCheers

Hey guysThanks for the comments and the links. I think my first step will be to talk with my lender and see how much equity is in my home i am living in now and how much i can borrow against itThis should give me an idea of what price range i am shopping in.Cheers