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Borrowing Question - Contract Worker, page-4

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Justis

63,627 Posts.

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22/08/15

17:24

Post #: 15856572
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Originally posted by Timbooooo ↑

Cheers for that Steve;
Numbers are:
80,000 is my income.
9,000 from investment property.
10-15,000 for wife.

House we like is $420,000, and we have a $50,000 deposit -
920 per month outgoings on investment and car loans.

Figuring that it might be hard to get this finance, we're certainly glad we don't live in Sydney!

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As a general rule of thumb, banks will allow you to use 30% of you income for repayments.
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