investment property Loan

Discussion in 'Investment Strategy' started by Pro Warren, 24th Apr, 2024.

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  1. Pro Warren

    Pro Warren New Member

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    15th Apr, 2024
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    QLD
    Hello All,
    If my yearly income is 80 K AUD, can i get a loan of 400 K AUD for an investment property ?
     
    Pro Warren, 24th Apr, 2024
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    impossible to say with certainty. Possible in theory but depends on other debts, living expenses, children, income type etc
     
    Terry_w, 24th Apr, 2024
    #2
  3. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Possibly, but a lot more information is needed. Calculating borrowing power is fundamentally simple, but goes into a lot of complex detail.

    Contact a myself or another broker on this forum, get the broker the information they request and we'll be able to give you a better understanding of what you can borrow.
     
    Peter_Tersteeg, 24th Apr, 2024
    #3
  4. Lindsay_W

    Lindsay_W Well-Known Member

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    Maybe
     
    Lindsay_W, 24th Apr, 2024
    #4
    Terry_w likes this.
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