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Update re my original post for those who were interested: I submitted an offer yesterday for 620k, unconditional, flexible settlement, and 100k deposit. The agent (original one i dealt with, the younger girl), called today to advise that the vendors were very grateful and appreciative of...

Jason thanks so much for clearing that up for me - all makes sense now. Sadly it seems I have missed the boat a little :( but I guess better late than never. I have got my forms from the bank and will be setting up the offset accounts this week, so any future repayments at least will be made...

Thankyou wobbycarly, It seems that rugrat is suggesting an offset account may be a way of getting around this? I am going to the bank on my lunch break today to organise offset accounts for our investment loans, hopefully this is a means of getting around it, if not, then I guess I will just...

WOW :eek: I had no idea, that could cause some serious problems, and if I can avoid them by simply setting up an offset account for each then I am getting onto it asap. Thankyou so much !!!

Katrina thanks once again, that is something I hadn't even considered! Rugrat I appreciate any feedback or guidance I can get!! Excuse my ignorance, but what is the difference between using redraw vs offset? To help explain, here is the exact situation: Investment property #1 Purchase...

Ozperp I am beginning to agree that it is more likely option B, I think I just needed some reassurance and a more experienced opinion to convince me I was not being paranoid and unreasonable!!! Thanks so much Kristine for your detailed and helpful post. Perhaps I will reconsider the...

Andrew I can see you what you are saying, although they are a younger couple (from wedding photos I saw around the home) with a very young daughter. I do get the impression though they are perhaps not 100% sure if they want to sell. It is a silent listing, i.e. no real estate board up, no...

Thanks Y-man, glad to hear a time limit like that isnt considered unreasonable. She actually said she had never negotiatied on a property within a 24 hour time frame, makes me wonder if she is just a little new / inexperienced or trying to buy time... I know $100,000 is more than standard...

Hi All, I am an avid long time reader and first time poster. I have browsed these forums over the past year and am very greatful to the Somersoft community as I have learnt lots from the masses of wisdom among you all! This is my first post, previously to be honest I have felt too much of...