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  • Profile photo of rye23rye23
    Member
    @rye23
    Join Date: 2005
    Post Count: 4
    January 26, 2005 - 1:19 pm

    Hi all,

    new member looking to by an investment property ,ive just moved for work and rented my house out for 400 a week my repayments are 300 a week value of house is 330,00 i will keep renting because i move a lot for work , will i need a deposit on a property worth 200k if so how much
    cheers

    rye

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485
    January 26, 2005 - 10:15 pm

    rye
    hi there new member, on repayments of $300 a week = mortgage @ $185 -195 000 ?

    if so, you should have available equity to purchase property @ $200 000 plus costs without using savings.

    subject to employment and income to support – probation, how much rent your now paying, etc etc.

    cheers

    brahms
    [email protected]
    Brisbane

Viewing 2 posts - 1 through 2 (of 2 total)

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