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You actual said if they cant afford it dont buy it, not 'dont stress in my opinion you shouldnt try too hard because the world is about to cave in and you will look back on this moment and see the banks are doing you a favour'. If you had said that, fair enough, but from you did say, it...

Clearly we have a different outlook on life. The biggest is probably that I see no benefit in stressing out to borrow funds to buy a dodgy asset. Perhaps we have a diferent outlook on life, but surely we are reading the same thread? The thread relates to how to get a loan approved where the...

So by that logic, when 100% loans were available, casual temporary or any sort of income was used by lenders, there was no GST/ABN requirements on getting a low doc loan, that they therefore could have a afforded it then, but not now because the credit environment changed? There are 2...

ANZ only need one years financials for self employed full doc loans, although they still need to show they have been in business for at least two years, with ABN and gst registration etc.

Plenty of equity isnt quite enough.... At 60% it gets simpler. At 80% some lenders have some flexibility with their income assessment, a lower level of number of documents required, perhaps working off a rental estimate letter instead of a lease agreement, stuff like that. It may be a case...