I could be wrong, but I was under the impression that the FHOG was a 'per transaction' thing, not a per person thing.

Doh! Maybe ill come back in a few years.

I work nearby and noticed this 109 Clarendon building the other day.. I wouldnt awnt to live there, as someone mentioned, westgate freeway right next to it, trams goign past every 15 minutes and there are a few new appartment complexes going up in the area (to join the dozens that are already there).

I must admit I am still a bit confused about LVR. Is refinancing even the right word if you want to (scenario B in the other guy's post) revalue your house?

LVR?I am not exactly down with the lingo Would you keep the finance of the IP with the same mob that do your own house? Or just look for the best deal?How do you find out how much you can borrow? Or is the only way to approach a lender and find out?