Hi DWolfe!

Thanks so much for your reply  – do you actually live on Warrigal Road? I agree – the suburb is awesome for facilities and location. For our first home, we want to make sure we make the right decision and not end up with a place we won't be able to sell if the market drops – also if it won't go up much in value as the rest of the suburb will obviously do b/c of its location!
You're right about it being about the house when it becomes a home! LOL! Such a hard choice to compromise when you're a first home buyer and also want the benefits to be able to use as an investment later on!
W

Thanks, ill look into it.

Oh ok in what way.  Any other recommendations?

Ok that's good to know.  Thanks guys.

I did read that the way to use a LOC account is to pay for everything on your credit card (obviously within budget) and at the end of the month pay it off in one lump sum.  Thereby minimising the intereste payable on the loan as its daily reducing.  So the more in the account for longer the better.

If we werent to deposit the investment money into the account would that make a difference?
Or should we simply forget about using a LOC altogether?

Thanks

Woodie