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That is an interesting point. The idea is to buy a property that needs some renovations, either renovate and lease for a year OR lease for one year (if it can be leased in its current condition) then renovate just before selling. I dont think I can find anything under 850k in Sydney...

Thank you everyone, there are a few good points above. Because I am new to the idea of investment property (or using equity for that matter), I need as much information as I can get . The reason for using CBA is that we have some transfers between the business and the offset account of the...

I am currently with CBA because all of our business and personal accounts are with them and also I have a good rate which is 4.8% variable owing about 480 k. But more importantly because we use offset / redraw quite often and their online access is pretty good. I have decided to purchase a...