That's because the break cost changes daily with movements in the wholesale interest rate market. It's like asking what your house will be worth in 3 years. No one can say for sure.
Hi all,
I want to buy a simple splitter block and live in it for a year as my PPOR first before knocking down and then either:
a) selling both blocks of land, or
b) selling one block to release equity and build new PPOR on the other block.
Can someone advise if these scenarios would...
Hi Letiha,
I'm guessing you didn't have to pay Council infrastructure charges for the split, as there are already two lots?
I know you don't have to for a traditional split on 2 lots, but thought the Widow block might be different.
Don't touch the $641k loan, but you can get a secondary or top up loan for $559k, taking the loans to 80% of IP1.
Do the same for IP2, do a top up loan for $100k.
Each lender is different. Some lenders will take your normal income into account, even though you are on maternity leave. Talk to a broker who can advise the best lender for your situation.