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I may have accidentally said parkside and meant beside a park, in the far outer northern suburbs.

Parkside SA

Try re-reading the above comments again with your comprehension goggles on.

Yes, since thats the amount you'll likely borrow

BLTN's response in this thread is probably the best one. Since the deposit paid comes from equity then there's interest payable on it which needs to be accounted for. Or if your deposit is from cash, it still needs to be weighed up against other options, such as sticking it in your offset...

This ones different to the others in that ive actually been inside this one :p No thread until ive done something worth writing about. Any numpty can pull equity from ppor and spend it on house deposits.

Offer accepted on another today, was $147k freestanding house renting for 250/wk. Might be positive :)