You can use a single offset account but most banks sell packages, for an annual fee, that will provide you with several offset accounts should you choose to use them.
Auctions are not for the faint hearted so before you bid, it is worth preparing yourself. Buying a house is like running a marathon: the length of time it takes may vary but you should definitely warm up and you’ll need to pace yourself.
LMI stands for Lenders Mortgage Insurance and it was designed to give people a chance to buy property with less saving.
