a 30 year loan with cba owner occupied, interest + principal repayments would be $2486 a month on 300k borrwed
if you rented it out at 400 a week you have quite a short fall + add on the lost interest of 7k for the 100k deposit you put in
for the rent to cover the repayments, you could only borrow about 200k
http://www.commbank.com.au/personal/tools-calculators/default.aspx
bad idea as an investment imo
a 30 year loan with cba owner occupied, interest + principal...
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