Hi richard,
Thanks for your post. I may have explained myself incorrectly. The mortgage broker didn’t suggest to pay down our loan he just suggested we pay as much as we can for a while and begin our investment journey when we have more equity in our PPOR.

Hi everyone,
Thanks for your input it has really got me thinking.

At this stage I like the idea of renting out our PPOR and moving into a rental property where we would like to live. Does this makes sense at all as we are paying off someone elses mortgage???
I have also thought that taking the equity out of our PPOR and putting it into a…[Read more]

Hi jacm,
The house is in grovedale, it’s a suburb of geelong in victoria. It has 3 bedrooms and the backyard would be approximately 10x10m