Mortgage broker required for PPOR which may evolve into a IP

Hi all,

My partner and I are looking to purchase a property along the coastline in Melbourne's south east which a budget of around 1.3Mish. We both have stable jobs however our circumstances may change where we may be moving to Adelaide for her work so we would need to rent it out whilst we are in Adelaide with the potential to return to Melbourne down the line.

There are also ambitions to own properties nd businesses purely for investment purposes which may require some more borrowing so looking someone who can pivot and get the best outcome for us as our circumstances may change. We currently have no debt at the moment. Any recommendations are welcome.

 

What is your income and savings like at the moment?

One risk I see is that renting a 1.3mil property could result in a low rent yield so you will need to ensure you have funds to top up the loan repayments while paying for housing in Adelaide. Not to say it can’t be done, just Need to have a buffer to do so

 

All comes down to borrowing capacity, current and future serviceability can be projected to give a 'plan of attack' based on differing scenarios, based on today's numbers.
Do this kind of modelling fairly regularly, with a mix of commercial/business/asset finance as well

 

our combined income would be about 250k I would say and we have about 380k in savings. Being able to borrow the amount shouldn't be a problem and being able to service the loan shouldn't be a problem too.