Search results

You need to show your legal practice certificate (it must be an Australian one) and also your total income (salary plus you can use rental income) must be $150k plus. So if your base salary is $120,000 and you get $30k in rental income per year then you are eligible. A bunch of other...

Yes better to change to IO immediately so when you do convert the property into an IP you can claim the higher amount. By bringing the principle down now you are only minimising the amount you can claim for negative gearing when you convert the property to an IP. Dont invest purely for...

Couple of points: 1. You will be eligible for 90% LMI waiver with a couple of lenders once you start working so use it if you can. Difference in deposit between 80% and 90% LVR is huge. 2. Recommend hubby changes P&I and reverts to IO (as long as you are both disciplined with your money)...