hey guys,
Looking for a little advice around potential borrowing capacity please.
Details:
income: $360k + per annum
employment status: Director of our own business that is a Hong Kong based company so no AU tax returns at present.
dependents: wife + 2 kids
credit card: $20k limit, $0 owing
Savings: $80k
Car repayment: $900 per month
No other property owned.
Looking to buy either a PPOR or IP.
The place we are living in with a bank val. of $1,9 million in Sydney is available if we would like to purchase it, but not sure how with only $80k savings.
Looking for any ideas on how to get the place, or alternatively a max amount we could borrow with the current savings amount.
All help is appreciated.
Thanks in advance.
Looking for a little advice around potential borrowing capacity please.
Details:
income: $360k + per annum
employment status: Director of our own business that is a Hong Kong based company so no AU tax returns at present.
dependents: wife + 2 kids
credit card: $20k limit, $0 owing
Savings: $80k
Car repayment: $900 per month
No other property owned.
Looking to buy either a PPOR or IP.
The place we are living in with a bank val. of $1,9 million in Sydney is available if we would like to purchase it, but not sure how with only $80k savings.
Looking for any ideas on how to get the place, or alternatively a max amount we could borrow with the current savings amount.
All help is appreciated.
Thanks in advance.