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OK thanks Shahin. I'm currently with CBA and the new loan will be more likely to be with CBA as well. However, Im aiming to have LVR to be around 90% (purely from investment point of view). I guess I will have to wait until I'm in a new job before purchasing a new IP.

Shahin, if they called my new employer (assuming if I got a new job) in 1 month time, they will say Im a new employee. So how's bank gonna view this situation (new employment)? After I past the probation 3 months with new employer, would this be the best time to purchase?

Thanks all for your replies. So if I found a job in 1 month time and I would be with the new employer. Would it be then difficult to get a loan as well? Or I would need to wait for at least 6-12months :(

Terry, what if I found and purchase an IP next week? I'm still under the current employment.

Hi Folks, I was just made redundant from the current job and I have 1.5 months to the termination date (end of may). Initially I plan to make a purchase of my 1st IP before this year. My question now is am I still be able to go ahead with the plan as my main concern is on the borrowing side...