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Hi just starting out and would appreciate any suggestions on my situation –
Mortgage $336k property value $450k. Urgently need bigger house so looking to rent and (unfortunately) negatively gear my property which will be rented out for approx $300 per week. Wish to then purchase a positive cashflow property – should I look to go with an interest only loan or access my equity for to put a deposit down? What price range properties should I be looking at?
cheers
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