Guest linnellio Posted June 13, 2008 Share Posted June 13, 2008 Hi everyone. I am coming over to NSW next year and expect to earn between 50k and 60k on the railways. Is there any way I can work out how much I could expect to borrow on this sort of salary. I should have a deposit of around 70k Aussie. Cheers. Link to comment Share on other sites More sharing options...
Quoll Posted June 13, 2008 Share Posted June 13, 2008 This site seems to give you a bit of a guide Home Mortgages Australia - Mortgage Australia Dont forget to take out legal fees, stamp duties etc in your calculations as well - stamp duty can mount up. BTW interest rates have gone up a couple of times since that table was designed so bear that in mind. You may also be entitled to a first home owners grant if you have not owned property in Aus before but I dont know what the regulations are for that. Link to comment Share on other sites More sharing options...
Guest linnellio Posted June 14, 2008 Share Posted June 14, 2008 thanks jo. got a good reply from an aussie mortgage arranger. Says 4x salary is the norm. Gonna be taking massive pay cut to come out but no it will be worth it!! Link to comment Share on other sites More sharing options...
Guest linnellio Posted June 14, 2008 Share Posted June 14, 2008 Cheers for advice. Am gonna use FHOG to cover expenses. will check out that site. Link to comment Share on other sites More sharing options...
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