Investment advise needed

It may be wise to invest if you think you can make money. You appear to have plenty of income and equity, enough to do some more investing.

What concerns you about taking on more debt?

Hi again Joe

It is always a very nice thing to keep a substantial cash buffer in an offset account.  This helps you save on mortgage interest but is also a supply of readily-available cash in the event of scenarios such as periods of unemployment.

This can be achieved by going for a higher LVR, thereby keeping funds in your control rather than handing them over to the bank in the form of large deposits.

You can insure against anything these days include unemployment, redundancy, death etc however it all comes at a cost.

All depends if you want to one live off your rental income one day or merely float along with the herd.

Nothing wrong with the later but sometimes you had to expose yourself to some element of risk to move forward. 

Getting up each day can be risky but it is a risk i am prepared to take.

Cheers

Yours in Finance

Hi Joe

Welcome to the forums!

The first and most obvious question is, are you contemplating another IP purchase in your own names, or are you contemplating setting up a Self Managed Super Fund and using your superannuation money as deposit and buying costs on the IP?  I'm guessing you'd have sufficient funds in your super to fund a hefty deposit on at least two properties, and with the correct yield, they'd be paying for themselves, such that they'd be paid off by the time you're retired.  Hello tax-free rental income! 

5.15% is a bit on the low side for yield – certainly when you are no doubt wanting the properties to be debt-free or close to it by the time you hit retirement age.