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Yes, that's what I was referring to. And no your not missing anything, that's why I'm looking at a unit. I also failed to mention I have a small amount of cash, on a cheap 1 maybe 2 bed unit of approx 250k the stamp duty is about $6500 and I would borrow 90-95% so LMI of about $5500. I would be...

Ah thanks. My mistake, I was under the impression i had to keep 80% of the property value in my PPOR.

Yeah thanks, that type of unit is what I was thinking. Small block, walk up, near beach. R377 as far as equity goes if I want to utilize it I couldn't go past 80% to avoid LMI. So thy really doesn't leave me with much, really only enough for a cheap unit.

Thank you both for the replies. I guess that is the thing, I'm very new to this and to say I have a strategy as such would be lying. The closest thing I have to a strategy at this stage is paying down PPOR as quickly as possible, I also contribute a lot of superannuation pre tax which should...

Hello all, First time posting and first time considering an IP. Right now I am considering an investment property, at this stage considering a unit close to the beach somewhere between coolangatta-broadbeach on the Gold Coast. I would consider a house as well but that is also a larger...