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Thanks Jess, I was aware of that although one of my friends wasn't and got stung come unconditional approval time! Broker got back to me with the answer I needed, so back to househunting we go! Thanks everyone.

Thanks Brady, yes ROI incorporates all costs as well as changes in cashflow as a result of deposit monies no longer sitting in my ppor offset. Have been asking my current broker since last November but must be asking the wrong questions as I have not gotten anywhere, hence my posting here.

Ready to buy my next IP (future PPOR), have crunched all the numbers and I am comfortable with a purchase price of $x (and all associated costs e.g. stamp duty, mortgage duty, conveyancing etc etc) 20% deposit is ready to go, but getting a bank to give me an 80% loan is obviously also a...