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So basically it works like this: 800000 property value 50% = 400000 current loan 270k (wife name) borrow 400k to buy 50% of property - pay off half the loan 270000/2 = 135000 400000-135000 = 265000 in savings account New total loan against property 135000 + 400000 =...

Hi Terry_w, The current place is only in my wife's name. The next property will be in both names as we will require both incomes to get the loan. How would I go about purchasing 50% of the current PPOR? I take it this is something our mortgage broker could assist us with? Cheers

Thanks for the replies guys, nice to know that i'm thinking along the correct lines. With option one I was planning on purchasing 1 or 2 more IP's prior to moving into the new PPOR as we unlock additional equity in the current unit. Then the plan is once the new PPOR loan is down to a reasonable...

Hi, I was hoping for some advice about my current plans. My wife and I currently own a 2 bed unit in Erskineville (Sydney) which has a market value of 800-850k. We purchased the property 2 years ago for 595K. We are currently looking at using this equity to purchase an IP with the intent of...