Originally posted by The Adviser:
Most banks will view you living at home as favourable. They will still allocate a minimum living expense though and your income is below the amount they usually allocate. I think you could do something with cashflow positive properties if you go to one of the lenders who allow 100% of rental income and…[Read more]

Kay Henry:
in reply to your post, i’m not on austudy, actually have a small part time job, that 150-200 doesn’t include my rental income as like you said is going directly toward my servicing my current loan.
The repayments on my property are at a minimum of 135 per week, but i repay 155 currently. i’m getting 160 per week rent (which i haven’t…[Read more]

MortgageHunter: I am still in the very early stages of purchasing another property as i have alot of research to do, but lets just say that looking to purchase a property for under 100k.
what would be considered reasonable equity and also in regards to serviceability, what factors do they consider, besides income, as to whether you’d be able to…[Read more]

thanks for the quick reply.
I’m currently studying B. E-Business (which i’ve nearly completed) and hopefully get accpeted to do a double degree with B. Property Economics.

one other thing do you have any tips for doing online research on property markets/ population growth and any other aspects which may help in determining which areas are good…[Read more]