Search results

Hi rolf, and thanks for your input.The whole reason for my thread is to make some sense of my position, because cba dont see it the way it should be.like taking serviceability etc. Ill lay out my position .ppor value $750k,loan$320k-ip 1value $430k loan $294k-ip2value $450k loan$394k.Income...

I hear what your saying rumpledelf,the light is right where iam ,at the end of the tunnel.It will be a nice change.the veiw will be exellent

thats my point rumpledelf, the banks wont lend me anymore money TO INVEST because they assume i cant manage debt ,like the next joe blowit who needs to waste his 70% on vices. i think if you have proven yourself that 30% should increase sustantialy

thanks lebowski, the thing is im also contibuting towards 2 ips .and a combined wage of 100kg is hardly above average is it. some of my work mates take home more than me and pay rent around 350-450pw and are strugling? i dont get it

:confused:Hi, my wife and i bring home about $1700pw,our loan repayment is about $530pw which is 32%, we can afford double that and do.why people want to be able to own a home and still blow 70% of their income baffles me.I reckon they should put 70% of income into their home and live on 30%...