LVR for growth phase ?

Discussion in 'Investment Strategy' started by Jeremy86, 16th Nov, 2019.

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  1. Jeremy86

    Jeremy86 Active Member

    Joined:
    18th Jan, 2017
    Posts:
    25
    Location:
    Windsor, Brisbane
    Apologies if there’s a post on this theme already.

    Wondering what people’s thoughts are max LVR they’ve gone to during growth phase, mindful of lending and economic environment/outlook.

    For me, ive got a 20+ year investment horizon currently sitting around 80% with 2 properties.
    Weighing up my options whether to extend LVR to buy say within next 6 months. Example would be a middle ring bris up to $550k would extend LVR close to 90%.
     
    Jeremy86, 16th Nov, 2019
    #1
  2. Lindsay_W

    Lindsay_W Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    3,623
    Location:
    QLD/Australia Wide
    Sticking with a base LVR of 88% + LMI on top (total LVR of just under 90%) will keep the mortgage insurance costs down, as soon as your base LVR is at 90% + LMI then the LMI costs jump significantly.
     
    Lindsay_W, 16th Nov, 2019
    #2
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