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I can only give positive comments on westpac who do both line of credit AND offset,you can have seperate mortgages for each property with the same bank. i suggest interest only payments on your investment property to keep the negative gearing as your tax bill will already be 30%plus on combined income of 160k. And pile all your earnings into your offset to keep the (bad) debt down
ANDY (also in Perth) originally Yorkshire!Maybe investing in shares might be more up your street, but then what a nightmare they are!!!
My girlfriend and i bought a block on Russell 1year ago for 35,150 and sat on it for a while deciding what to do.
After a visit to the Island (as were from WA and bought it off the internet on a whim), we saw how nice the Island is, anD after hearing of all the infastructure thats going on, ie police satation, new IGA Supermarket, outdoor pool and now a resort and golf course, we decided to build, and currently doing my Owner Builders course and building a kit house with Ezy Homes (plug there)!all for under 200k complete!
I would be pleased to hear what the rental market is, if anyone can help??
Cheers
ANDY
