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Thanks again. I'll go back to the broker and ask them to rework the numbers. Regards, Gary

Thanks for the input so far. Peter, the broker suggested CBA had a slightly better comparative rate than NAB for the products being considered. I've since contacted the CBA to run some theoretical numbers and they've come back with a capacity of around 450K so the bottleneck seems to be...

We're trying to get our ducks in a row to purchase our first IP. I've had some discussions with a mortgage broker and he's recommended we go with the CBA and that our borrowing capacity is around 350K. Thinking that sounded a bit low, I contacted a different bank directly (NAB) and, off the same...