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hehe ok guys settle down. I honestly appreciate all the comments from you - they've certainly made me think deeper into what i could/should do. Although I'm not 100% set on making the plunge and buying my first home yet, if it was to happen in the near future, you're correct in assuming that I...

Thanks Spectre, although I think I'm going to have to rule out all non-Offset loan types, which scrubs out ING all together. Ideally I'd want that same ING deal with an extra offset functionality at $15/month or so. (which is like BankWest, but with a permanent setup, not just for 3yrs!!)

Thanks Rolf - I've found that only about 50% of the half-dozen broker's i've dealt with recently have actually said that the "redraw only" account would be fine in my circumstance... as I was not too sure of how it all worked at the time I didnt bother questioning that, but it seems to me that...

ahhh, of course - it only just dawned on me the advantage of doing 10% deposit and then put the other 10% straight into offset account. getting hit with the ~$1500-$2000 LMI should more than pay for itself by me having access to an extra ~$40k when the time comes to buy place #2! Thanks guys...

Why wouldnt you take a 90% lvr or higher and deposit the balance into a 100% offset account from day 1. ^^Because I want to avoid paying LMI... perhaps not a huge cost in the long run, but still something i was aiming to avoid forking out for! 20% deposit gets rid of LMI... Current rate...

hi there I'm considering purchasing my first property (FHB) with my partner. We have a good 20% deposit (excluding the grant) and are looking at townhouses or units/apartments in the low $400's. We plan on living in this place as a PPoR for a couple of years before renting it out & buying a new...