My other details are that I have no other assets or liabilities, im 27, been in my current job for 2.5 years, single, no children my annual living expenses are 13.2k. I have tried a mortgage broker but he was only searching companies with serviceability rates of between 6.8 and 7%.
Looking at purchasing a property as primary place of residence in Brisbane:
Numbers:
Purchase price: 782k
Stamp & Fees: 25k
Tot: 807k
Deposit: 181k
Loan needed: 626k
LVR =0.8
The only problem is my base salary is only 81.5k/annum. I'm not to concerned about servicing the loan...
I'm looking to buy my first home in QLD - to afford it I will have to factor in flat mate rent and get the property as an Investment loan and pay investment stamp duty.
Will I be charged CGT when I come to sell or will I be exempt due to the property being my primary place of residence.