Hi All, Firstly I’d like to introduce myself as this is my first post and have to be honest and say that I have only stumbled across this forum about a week ago as myself and my wife are thinking of puchasing our first investment property in 2019. We bought our PPOR in 2015 and believe the time is right and we’re ready to leverage of some equity. Our PPOR is in Brisbane and will be looking to buy our IP in Brisbane. Some details – 2015 purchase price of PPOR - $567k 2018 valuation on PPOR - $630-650k Mortgage Balance - $450k Calculated Equity - $70k Cash in offset account - $20k Were looking to invest into a 3-4 bed house on the Northside of Brisbane (hopefully middle ring) with a budget of approx $600k. Hoping for rental yield of approx 5% to service mortgage repayments. I feel we are comfortable to throw $5k (if needed) at property annually to maintain property (maintenance, agents fees, insurance, etc). We have just had our first baby and wife wont be back at work until mid 2019. When we are both working fulltime our combined income is approx $190k before tax, but of course that’s wont be available for a little while (she’s looking at returning to work 3 days to start off with). While this is happening my guess at combined income is approx $150k. We’re really not looking for a quick buck, just an investment that will deliver decent growth (hoping approx 5%) over a decade or so to knock off a good chunk of our mortgage on our PPOR. Not sure if this is too optimistic or not. As I stated before, this will be our first IP so there are a few things to get my head around. a) Is this plan achievable? b) Is $5k enough per year to maintain a typical property described above? c) Would bank loan us the required $ (IO loan) to purchase? d) I have heard that Commbank will approve loans considering mums earning potential prior to returning to work, if they can gain letter from employer to state return date. Anyone know if this is true? Any help would be greatly appreciated as owning an investment property is very new for us and looking to be as educated as possible before taking the plunge! Thanks.