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Plenty of time to get it done. If you want to purchase before you start working, best to go with NAB. Just make sure your broker maps out a path to get you your IP2 too. This will ensure your set to achieve both goals. Cheers, Redom

X-coll can be easily avoided - just read the 'security' part of your loan contract very carfefully. As per other thread, NAB/CBA are your go to lenders. Their good with new employment/probation. NAB will even allow you to borrow without waiting for your first payslip (future employment...

Also consider ING's no LMI 90% product - it is P&I and serviceability may be an issue, but one that your broker can do the numbers on and see whether its worthwhile. Cheers, Redom

Heya, you've got your thinking pretty spot on. Yep, good idea to have it split to avoid contamination of non deductible and deductible debt and future tax issues. One bit of advice is to borrow as much deductible debt as possible (ie to finance the new IP). Use your cash for the PPOR...