Hi all,
I was interested in a purchasing a positively geared property, and since I am at uni now, I get youth allowance.
What i'm interested to know is if the banks take into account youth allowance in calculating loan serviceability? If so, which lenders take into account youth allowance in their serviceability?
My other forms of income are from part time work and I also receive rental income from my other investment property, which is also positively geared (yield of 9%).
I'm really eager on purchasing another property before I finish uni in five months time, when I have a $60k p.a. job lined up (senior position at the place I am working in now).
Thanks for your help
I was interested in a purchasing a positively geared property, and since I am at uni now, I get youth allowance.
What i'm interested to know is if the banks take into account youth allowance in calculating loan serviceability? If so, which lenders take into account youth allowance in their serviceability?
My other forms of income are from part time work and I also receive rental income from my other investment property, which is also positively geared (yield of 9%).
I'm really eager on purchasing another property before I finish uni in five months time, when I have a $60k p.a. job lined up (senior position at the place I am working in now).
Thanks for your help