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Thank you to everyone's responses. It's very reassuring!

Thanks, had no idea Suncorp was so limiting. They have been good to deal with for the first couple of loans.

Thanks for your helpful advice Shahin! I will contemplate a 20% deposit to save on LMI.

I guess I like to minimise the loan against PPOR so I thought using funds in the offset makes sense. Good to hear that there are other lenders out there that will loan me more than Suncorp. I won't need 800k, but I would like to consider properties in the 500s.

Yes, I'm well aware not to apply with multiple lenders. My current lender is Suncorp Bank. They also gave me the pre-approval for a second loan. When I was looking at properties last year under 450k, the proposed rent was 400-450pw. I am not married and no dependents. The deposit...

I recently got a pre-approval from a bank for 450k to purchase a second IP and wondered if there is another bank that could lend me more. The pre-approval I have received is based on the following: Salary income: 77k per annum (gross) I currently have a loan for an IP. Here's the...