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:eek: haven't really thought of these important points. Looks like I've got some work to do around these areas. Greatly appreciate your comments Terry.

From memory, mine is till 65 years (75% income). I'll have to double check.

I did some share trading and got burnt :(. Made some but lost a bit. I'm not really looking into it at the moment.

I do have insurance (death/IP) via super. No trauma. Got private health insurance. So, if I purchase a 500K IP, I would left with 20K cash as my buffer. It's probably not the ideal case having single income and family with kids. At the same time, I just want to take some risks now so that...

Very good point thanks. Also, I've considered paying down some of the PPR loan with cash in the bank and turn that into a LOC. In terms your serviceability question, at this stage, I've been pre approved for the next IP for 425K loan (considering all my other commitments/income)

1. Yeah, this can be a tricky situation. Especially, I have to rent the existing house while subdivision is going on. I can inform potential tenants about this but might be very difficult to rent it out. I did some ballpark numbers based on what I've seen around the place; 450K house...

No, PPR, IP1, IP2 with one lender (ANZ). IP3 with Macq. The pre-approval is also with Macq

My situation is very similar to some of the people in the post; [url]http://somersoft.com/forums/showthread.php?t=70089 However, I would like to share my situation and seek advice/comments. First of all, it's a great inspiration to read these posts. Age 38 Family with young kids...