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Macca, Rent levels remained fairly stagnent for around 5 years, as did the properties value. As with everything, supply and demand determines a properties value and rent. Demand is controlled by our economy whcih can (is) be affected by overseas events. My feeling is Melbourne property...

Figures from the top of my head in 1988. Purchase price $112,000 Rent $140/ week Loan $87,000 Int when purchased 12.5% Repayments $695/m Peak int 18.5% Repayments $1395 Out of pocket costs went from $120 or so per month to $620 per month. My wages back then was around $25,000/annum...

If you are increasing an existing loan rather than a new loan the MI may only be payable on the increase amont.