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hmm..seems like I am on a wrong track:o thanks for 2c..please keep it coming..I am learning..

Thanks NPB.

you can try Lynbrook/Lyndhurst..should be able to get 3 bedder for 400k..got train stations and freeways at doorstep..

not strict 40 kms, that was just a rough guide..In better words, looking at the end of Metropolitan rail line in Melbourne which is roughly 40-50 kms from city centre..hope it makes sense..South east because east is too expensive..West I don't prefer and I have little knowledge of outer north...

thanks, thats a good point! I am looking at south east of Melbourne like cranbourne, pakenham etc..

Hello fellow members, I need some advice. It's been a great forum and I am almost addicted to it. Before I raise the question, I just wanted to make it clear that I would like to know what could go wrong with what I am thinking and what are the main negatives. The questions is- Is it a...

got the IP in Broady..rent is always on time and property has never been thrashed..

not much land left in Lyndhurst..two new developments are the Golden Elm and the one I am talking about..The golden elm has tiny blocks, under 200sqm while this one has bit bigger, more than 300SQM lots..don't know much about Doveton but will check it out..

hello fellow members.. just wanted to know people's thoughts on buying OTP IP in Lyndhurst..I know the area well and it has performed well in terms of capital growth in last 4-5 yrs..I am in particular talking about this http://www.realestate.com.au/property-house-vic-lyndhurst-118537019...

thanks guys..I also think I should just hang in there for few years..just that I can't buy more properties..My PPOR is performing well and I borrowed the deposit for IP on equity..Now don't want to borrow more on PPOR...do people borrow for deposit for more than one IP if their PPOR is doing well?

Hi guys, just want some thoughts..I bought first IP in broady about 2 yrs ago and unfortunately paid bit more than I should have..Its tenanted and slightly negatively geared with no issues..Just wondering if I should just hold onto it or get rid of it and invest somewhere else.. Do you think...

I bought in Broadmeadows and quite happy with tenant/rent etc. Mine is close to station and shopping complex. No dramas so far. Only thing is that I was novice and paid bit too much. So make sure you negotiate. I will be in for a long term so hopefully it will get better with time.

thanks all for quick response.."the bank" is commbank..

Hi all, just a quick question.. Does the bank allow interest only payments on PPOR loan? Do people usually do this and leave the principal amount of repayment into offset? thanks

SONOS...I love it...

Ohh I see..so when I refinance, they will look at both PPOR and IP? As my PPOR is performing well, I thought of borrowing more on PPOR valuation..

I don't think I have any equity in IP. In fact, it is in negative equity :o

Thank you all for your swift replies. I have some more questions. Yes 45k on IP is secured against PPOR!! Is this bad? It was first time had no idea how to set everything up. If I have 45k secured against PPOR, when I sell IP, do I have to pay off this 45k as well or I can choose not to...

Thanks Dave. If I have another 30k in offset then PPOR owing amount will be 320k instead of 350k, am I right? And 320k will be used in calculation of equity?

Hi Guys, Quick question. PPOR - 350k owing IP1 - two loans 1. 45k (equity loan from PPOR?) 2. 315k Now if I want to borrow more and calculate equity on PPOR, how does this work? If valuation comes say 480k - The equity is 480 - (350+45) = 85k Is this correct?