Thanks MauriceSThats pretty much what I needed to know…..wasnt sure whether the set up and running costs would defeat the purpose at this stage of the game.Might be better of getting keeping the super where it is and just look at a io loan for the investment property for a start.

In Qld it pays to spend some attention on the outdoor living areas also like decks and verandas,a bit of a prune and fresh mulch.Resonably inexpensive but highly regarded.

Thanks marree-  I dont have a lot in super ..only about 30k but was interested if that could be used as a deposit on a IO once a smsf has been set up with the loan being for a investment property? With the existing PI loan I have for my PPOR unsure which is the right way to go…..set up my existing property as the IO and move into the new place…[Read more]