So, what is the procedure of turning an IP into a primary residence then? Say if we move in after a year or two? Obviously, we will notify the insurance company that it will be owner-occupied so that they can modify their polices etc. But bank-wise, will…[Read more]

If we are debating about the bank's decision to lend me money based on rental income and negative gearing, wouldn't I fall in the exact same situation in 12 months time or whenever I decided move in my IP? Would they have to 'reassess' my serviceability?

What is the difference between me moving in IP after 3 months, or me moving…[Read more]

So you are saying that it's ok for me to live in this property even if I'm buying it using an investment loan. Is that correct?

Yes, you're right. That pretty much summarizes the situation. 

I actually don't have a plan to sell this property (at least not for the next 10 years). In fact, I was going to rent it out for a couple of years and then move in myself. But now the question is, can I move in now (if we have to move out where we rent now if the landlady…[Read more]

I haven't even thought about capital growth or anything like that. Basically, I saved up some money, went to the bank and asked if I had any chance of buying a property with this amount of the deposit. He did some figures and said I could buy an investment property and showed me how much I could borrow. I got a pre-approval, so I…[Read more]

At this stage, I'm not concerned about saving money by refinancing or anything like that. I just want to get in the property market.  Basically, I am able to borrow a lot more on an investment property loan than on a normal home loan on my own. We can comfortably make the repayments on this investment loan as…[Read more]