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Hi everyone, thanks for all the replies. Offer ended up expiring tonight so I guess there were better offers on the table! I didn't have a contract or any vendor details so didn't end up going down that path. Back to the search I go. Thanks again :)

Okay, thanks.. good to know it is not just me! I think I will bite the bullet and stay as is and let it expire tomorrow. Another question I have, is it likely the sale of the other unit will affect my bank valuation? It was due to settle today but I gather it takes some time for data to get...

Hi all, Trying to buy my first IP at the moment and would greatly appreciate any advice. Some background: 3 weeks ago I put an offer in on 2 bed unit in North Brisbane, it had been advertised at offers over $239k, then dropped to offers over $229k. I offered $223k subject to...

Thanks for the replies everyone. I'm not sure if I made it clear that the first place would be PPOR until another place is purchased later on. I'm just wondering what the purpose of going IO on the original loan is? Is it to 1. Increase savings in offset for next deposit 2. Not reduce the...

Hi All, I've been reading a fair bit about mortgage offsets and am just wanting to check if my understanding is correct. I'm planning to buy my first place with a view to later convert it to an IP. If I was to have say 100k saved, buy a place for 300k and then get a loan for 240k and...