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Yes there are a few products out there like this. However the max LVR will be 80% including capitalised interest. So you will need to pay a higher deposit to get this sort of loan which will defeat what you are trying to achieve.

You could capitalise interest by starting off with: - Lower lvr - lender that allows interest not to be paid each month - or set up a LOC from which you can borrow to pay the interest. Since you have no property you would have to use the new purchase as security. If you start with a lower...