Some Finance Advice!?!?!?

Hello finance savvy members,

I’m in need of some help regarding my current financial situation:

22, Single, no kids, no car, no credit card
Rent: $400 pcm
Loans: $1900 pcm @ 90% LVR CBA total debt = $333,000.
Rental income: $15600
Salary: base + comms = $110,000 with a promotion on the way.

1. Tenanted property is a house in Frankston that I’m nearing completion for a subdivision going on to develop a townhouse in the backyard. Extra equity will come through that.
2. Block of land in New Norfolk, Tassie I will subdivide and develop at some point.
Savings: $20K

I want to know if I can purchase another property at 95% LVR through CBA including stamp duty and subdivision costs for that property. Taking into consideration the equity gain that will happen shortly etc and based upon my income/savings etc.

Thanks for taking the time to have a look.

Sash

Want it. Own it. Enjoy it. Achieve it.