I guess I should have asked in a more specific way.

If we are going to buy a property, we would buy in the eastern or north eastern suburbs close to Adelaide city (Norwood, Maylands, Payneham, etc). Reasons are

– easy for me to travel to/from work
– close to city and shops
– rental vacancies in those areas seems to be low

Is it a good time to…[Read more]

We’ve just done a spreadsheet comparing these 2 options.

OPTION 1

Buy our 1st home for $300,000 (with 10% deposit, interest only with offset account, and put $2000 in the offset account each month). Stay there for 5 years, then rent it out. Take the money out of the offset account and use that as deposit to purchase a new bigger home.

After 5…[Read more]

Thanks a lot for your opinions. We really appreciate it. It seems like buying a PPOR now with interest only + offset account seems to be the best way. We’ll start budgeting now and looking at properties/finance options.

Any suggestion of the best home loan product with interest only + offset account. I’ve contacted a mortgage broker and he’s…[Read more]