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I want to buy a new home but i don't know what i want to hav

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blackmarch
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I want to buy a new home but i don't know what i want to hav  Reply with quote  

Hi all,

Sorry, title should read "Equity from investment property for buying first home (to live in)" but that's a bit long.

I recently finished building a house in Australia (I'm living overseas), which we have just started renting out.

We owe: $486,000
It just got valued by the bank at: $700,000

Am I right in assuming I have:
- $214,000 equity
- $74,000 equity available to use as a deposit on next property
- Maximum total spend on Property 2 including all fees (without kicking in extra savings): $370,000

Trying to figure it out. We are moving back to Oz next year and I'm wondering whether buying a house to live without having to chuck in a lot of savings will be possible. i've been borrow money in taichinhhana.com

Do those numbers look right?
Post Tue Oct 31, 2017 7:36 am
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oldguy
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quote:
(I'm living overseas)


Is that 'overseas' from Vietnam? Or from Australia?
Post Wed Nov 15, 2017 3:48 pm
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kevinkruse26
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I lately completed building a house in Australia (i'm living overseas), which we have just started out renting out Writing Tips Online. Looking to determine it out. we are moving returned to oz next 12 months and I wonder whether or not buying a residence to live without having to chuck in quite a few savings might be viable.
Post Tue Nov 21, 2017 1:58 pm
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