Hi,
I'm sure this question has been asked many times on this forum and here it is again. If you had $50,000 in savings would you leave it in the bank to offset against your mortgage or would you use it to invest in a property that is likely to be negatively geared.
Also, if you only had $50,000 to cover a 20% deposit and stamp duty am I right in thinking that you can only buy an investment property for about $200,000?
Thanks and apologies in advance for the very basic questions.
I'm sure this question has been asked many times on this forum and here it is again. If you had $50,000 in savings would you leave it in the bank to offset against your mortgage or would you use it to invest in a property that is likely to be negatively geared.
Also, if you only had $50,000 to cover a 20% deposit and stamp duty am I right in thinking that you can only buy an investment property for about $200,000?
Thanks and apologies in advance for the very basic questions.