hi darren
your are right,shi…… wont run uphill but that wont stop you from developing,you use a step up,in other words a pump. in victoria anyway.
storm water is another issue, but their are ways around that also.
cheers
CHEV

hi darls
one other thing to take into account are your expenses,over 3 properties i have and they range in age from 5-50years,expenses run out at 30% of my gross rent excluding interest.

cheers
CHEV

mortgage broker/terry
sorry for the confusion
let me start again
total money borrowed 320k
only owe 30k on ppor val 310k
other ip val at 130k own outright
bad business debt owe 40k
owe 230k on ip val at 230k
the other 20k is sitting in the offset which forms part of the 60k available.
hope this makes more sense.
all loans are x-coll
the reason for…[Read more]

Mobile mortgage,thanks for your reply ,just re-read my thread,PPOR should read 310k not 30k,sorry about that.any ideas on how to structure the loan?

regards
chev