You will require at least 50% presales maybe more depending on the level of servicing required.

Also add to that list professional athletes and people from the entertainment industry. They too are eligible for 90% no LMI.

Alternatively you can try Citibank at no LMI for 85% LVR.

Depends on a number of things – if the LVR is at 80% then it is definitely possible but its hard to give a certain response without having all the information at hand.

If the LVR is above 80% then I would say it is extremely unlikely that you can get it across the line.

Other factors come into but LVR is the biggest one.

You really need to be on the ground in Perth or have someone there to handhold because pockets are moving super quick and cash offers are becoming the norm to certain areas.

……and i’m such a bad painter its not funny. I just wasn’t born with that part of the brain it seems.

Why are the options just 80% or 95%?

What about 88% and 90% (these are the thresholds where LMI skews)?

Do the numbers on all 4 scenarios and then take it from there.

You technically can build in front but it must be the average setback of the houses on either side of the building and this is very rare so the answer would be very close to a “no”.

Yes but not all lenders will accept this.

An example of this is Westpac and their 50% rent reliant policy – so essentially if the rent is 50% more than your total income than it makes you rent reliant and they do not accept over 80% and take it case by case if its under 80%.

Balga has definitely increased in value since Marc 2013 and I reckon it will continue to climb.

1. Do an upfront valuation on the property as most likely you will have equity to tap into.

2. Take out a loan instead of using the cash in your offset.

3. Ensure that the loans and properties are separate and not linked/crossed.

What is the current loan amount against the Balga property?

Ok here is a couple of things straight up:

1. You have approach 3 lenders of which 1 has conservative servicing and the other 2 are so so. There are lenders that will give you more money.

2. You may be able to structure your loans in such way to increase your servicing

3. You can do an equity release against the house you currently own to fund for the deposit/purchase of the IP.

To clarify – what is the approx value of your property and the current loan against it?