Thanks guys for all of the information! The consensus seems to be that I should really look at getting an income for both a safety net and to help with the loan – I'll definitely be doing this. Something that I forgot to ask is the possibility of doing what I originally asked about though with a parent cosigning the loan. I don't think I'd ever do…[Read more]

Rick sta wrote:
Have you taken into account purchase costs such as stamp duty, legals etc.?

Have you taken into account body corp/strata fees, rates etc.?

Yeah mate.

Jamie M wrote:

Matagascar wrote:
So you don't think not having an income at the time of application would be an issue? 

Hi Mat

Welcome aboard.

I can't speak for other brokers but I would have an issue with it.

We need to assess your situation and ensure that you can service the debt – if you're not generating an income, then it would be…[Read more]

So you don't think not having an income at the time of application would be an issue? 

It's a simple 2 bedroom unit, 1 car garage, 1 bathroom. Thanks in advance for your help.