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  • Profile photo of RexpatRexpat
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    @rexpat
    Join Date: 2010
    Post Count: 3
    March 18, 2010 - 4:31 am

    Thanks Richard

    Can an existing property which I own outright be used as equity to purchase another property?

    Profile photo of RexpatRexpat
    Member
    @rexpat
    Join Date: 2010
    Post Count: 3
    March 17, 2010 - 3:07 am

    Hi Richard

    40% down or 60LVR seems the norm in my situation from what I have read in the last half hour

    Looks like thats what I will have to do.

    Are the banks here open to pulling equity out of investment properties?
    Reason I ask is in a couple of years when I have earnings and tax returns here I would like to take what I property down to a traditional 80LVR

    Thanks
    Rex

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