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Most here have different opinions about using a deposit less than 20% and paying LMI. I’m more in favour of not paying it.. You have the initial outlay and you’re more likely to be –ve geared, in turn costing you more.. But hey, you may be able to source a really good deal, and LMI is tax...

Just to illustrate why I think it's better to save for your next ip in an offset account look at these two options.. 1) 100k saving in offset account.. net position after 1yr = 100k 2) 100k savings in whatever (term deposit, shares etc) return of say 11.67% pa = 100k x 1.1167 = 111.67k...

Sounds like the Melbourne unit is the way to go provided you've done the due diligence you mentioned earlier and you understand the pitfalls of buying off the plan. I think the best approach would be to put down the minimum deposit (20%) in order to avoid paying lenders mortgage ins. Do you...

Hi start-up and welcome to the forum! A reoccurring message on this forum is that one should define their strategy including exit strategy at the start. That’s to say, how many ip’s you think you’ll need, how will you finance them, will you pay them down, sell some, live off equity etc etc...