Hello My sister is currently in the process of buying an investment property. she had an offer accepted subject to a couple of conditions. A copy of the contract has been sent to my solicitor and she is looking into organising a building and pest inspection. She was asking me for some tips as what should she do (but unfortunately, I dont have any investment property in Australia so not sure and I'm still learning.) Thought this forum would be great for some tip/suggestions She has a good saving but looking to use the least for deposit and placing the rest into offset account till she buys a next one. The property is around 350K, how many % deposit she should use. I have heard 12% deposit is the way to go as you save on LMI premium fees. Is that correct? Is there any good offers currently on? Even though she plans to check with her broker. Also, she is considering going for interest only variable loan- Is there a fixed term? Any other common mistakes to watch out for? Thanks in advance for your feedback and input. Please let me know if added information is required.