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Hmm thats surprising, especially with that surplus buffer - thanks for sharing Marty. Cheers, Redom

It allows you to get more for your deposit. Great during accumulation phase where capital is generally at a premium. E.g. with 100k at 90% lends, you could build a 1mill portfolio (assuming no closing costs of course). At 95%, its 2mill. That's double the value of assets working for you...

Marty, was the NAB rejection a PPOR? Just wondering, APRAs wording today said specifically that I/O for PPORs will be watched cautiously. Cheers, Redom

You'll need 2 years ABN before self employed income can be considered for servicing. Do well enough in the second year and you should be fine for servicing at the end of year 2. Some will take 1 years financials. Others have stricter rules that don't particularly suit 'start ups' with huge...