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  1. Ms Jade

    my first home, trying to get as much out of banks, use first home grant or lease prop

    I guess it depends how much you want to borrow & the value of the property. If the bank takes 75% of rent & the rent is $500p/w it will more than cover your $150 living expenses.
  2. Ms Jade

    my first home, trying to get as much out of banks, use first home grant or lease prop

    The only way to be eligible for the grant is to live in the house for 6 mths but perhaps this is the shortsighted option for $7k or whatever it is. The banks will use 75-80% of the value of the rent to add to your income. This should significantly increase your affordability & allow you to...
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