Hey Guys so I purchased my 1st IP in April this year and now working towards my 2nd. What should I be focusing on now to achieve this? Cheers Ryan
Yep - speak with your broker to make sure you know where you stand with borrowing. They'll also be able to tell you how much deposit you need to save for the purchase and costs.
As others have said, look at equity gained in the property. Then work out with your broker what you are able to borrow for the next property (and may be more?). Be two steps ahead when it comes to finance as you need to know what's the absolute max that aligns with your risk profile. This is important especially in the given APRA environment...