Ok thanks Jamie. That sounds easy. So my plan is to hopefully get a good valuation on PPOR. Hope to get $730K (house round the corner sold $790k but up the road for $670 in past few months, so hard to judge being different condition, bedrooms and land sizes)Getting valued at $730K gets me $84k which would cover the 20% on $360k purchase price of…[Read more]

wow thanks for some great advice. I am getting a clearer picture of it all now. Will contact my broker for a face to face me thinks.There 2 statements is the ones I think I need to focus on "So if possible all costs for the investment property come from loans, none out of pocket.""Call me old fashioned but would anyone use $40K of their own cash…[Read more]

Thanks for the reply Nick,the property Im am interested in is an older property 30+years, that has had a reno done on it 2 years ago. So new kitchen, bathroom, carpet, timber floors , roof and the rest. Im fairly comfortable for my first IP getting a place in Western Sydney having grown up and lived/ worked in the area. So I think know the good…[Read more]