Thanks to everyone who replied, to add some more information, I paid 400 for current house, I have 264 left to pay. When I do buy an IP I want it to make money, therefore positive gearing. Income is quite high, top income tax bracket. Already have a car leased to try to reduce huge tax. Want to stay in this house for a long time. My biggest worry…[Read more]

Hi theloanranger,
Thanks for replying. Well that’s good news that my current house is almost cash positive. Just so I get this right, I should stop paying regular repayments (Line of credit) on my current place and put them towards the new place instead and just pay interest on my curent place. Is this becuase once my current house is rented out…[Read more]