Hi all,

Thankyou for the replies . Much appreciated

So we've had a long hard think about things and come to the conclusion that it's best to get separate IP's. As we are all in different stages of our lives and have different amounts of money saved up.

To be brutally honest i am about 22 years old and have 17k saved up. I wish to keep saving and hopefully get 20% of property value (looking into something about 350-400k) around Ryde.  20% so i can skip out on the mortgage insurance. 

The big question here is, say i was getting a unit for 400k, thats 80k i need to have so i don't have to spend 11k on mortgage insurance. Would it be wiser to buy the property earlier if i have only 30k so i can get the property and start renting out. Saving 80k is going to take a long time for me maybe 2-3 years. IF i have the property i can just start putting money straight into there instead of a bank account waiting to acumulate 80k.