Recent content by Brad

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    Serviceability (how do the ratios that the banks use work ?)

    Hi Donna, This is how the CBA currently works out servicing and may help you to work a few things out for yourself.... Work out all your commitments as follows: 1. Credit cards - allow 2.5% of the limit per month (not the balance) 2. Home/Investment Home Loans - your minimum monthly...
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    Investment Property Subdivision & Debt Reduction

    Hi there, I am looking at purchasing a residential investment property on a double block of land. My aim is to subdivide the property and create two 16 perch lots. I will sell the vacant lot and retain the investment property for some time. My question is, will I have to reduce the debt...
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