Thanks Richard,

I have already utilized some of the equity in the property to invest in the sharemarket in March last year (not the best move in retrospect).

The property may have increased in value slightly since this point and there may be around 10-15k of equity still available using the 90% LVR that Adelaide Bank applies. However i am not…[Read more]

Thanks for the advice Richard,

Can you please explain “cross-collateralised” and what i need to do to avoid this?

At the moment i have all of my savings in the original offset account…is this the best place for them?

These are my only savings and was planning to use these for the deposit etc for the next IP. I don’t see any way to avoid using…[Read more]

Thanks Richard,That is a good idea.I just spoke to my broker and apparently i need 20% equity in a property to get a 100% loan and that a 97% loan requires P&I to be paid back. The broker did suggest that there may be ways to minimise P&I repayments but i don't see how….i always thought IO was the ionly way to go when investing in propertyI seem…[Read more]

Hi Elka,It is with Adelaide Bank and i settled the loan in July this year. Now that i know "alot" more about finance i was lucky with the loan i selected (IO with an offset). It has worked well for me so farThankyou for all your help everyone

Thanks Simon,My current PPOR does have an offset facility and this is where is where i have been saving my deposit for whatever i decide to do. The loan is IO and is fixed for 3 years at a good rate. In looking at a new bigger place i calculated that the stamp duty would be around 25k and that i would also need approx 5% deposit (30k) to access an…[Read more]