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    Offset amount being greater than or equal to loan amount - interest only.

    Hi, I was just hoping someone can clarify my thinking is correct. Using below figures to keep it simple: Loan Amount = $300,000 Interest rate = 5% Amount in offset = $300,000 (and assuming this amount will not go below loan amount. ie. no immediate use of funds) If I had the...
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    for an amateur - using equity to buy my house

    Equity - it all seems rather simple but I just want to make sure of it. I am a novice when it comes to property. Okay, my situation is thus: Investment Property: Value - $470k Amount left (loan): $125k "Equity" -$345k My "extra repayments" - $180k (ie. I can withdraw up to $180k from...
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    Help in choosing ppor

    Hi There, I am new here and hoping the nice members here can give me some advice. Basically I am looking for my PPOR. I am not a first home buyer. I have 2 choices: House in Chipping Norton (Lakeside) vs Duplex in Revesby (NSW). For those that dont know, they are in south west sydney...
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