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  1. seano87

    Wait for equity to increase, or use offset funds

    Hi Terry, Thanks for that, though I'm unsure what you mean by No 3. For example: If I had a $100k debt, with $10k in an offset account. I paid down the loan with that $10k leaving a debt of $90k. I then re-borrow that $10k for an IP, bringing my debt back to $100k, but now part of the...
  2. seano87

    Wait for equity to increase, or use offset funds

    Hi all, I'm looking at buying my first IP next year. I purchased my first PPOR in 2012 for $423,000 (around the median for the area) with a 20% deposit leaving a debt of $338,000. The median house price for the area has increased to $470,000. Assuming the house actually is valued at this...
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