Hi SS Broker
I am thinking about making an offer to buy a block of 5 units (non strata titled) in the innerwest of Brisbane.
The asking price is A$ 1,2 million. I have A$300k in cash and A$ 130k in LOC
with ANZ (interest rate = 4.78%) making LVR ~65-70%. My current PAYG income is ~340k
I am keen to avoid financing it through commercial rates. Adelaide Bendigo bank is no longer offering loan of multiple units at residential rates.
Any chance I can finance it at residential rather than commercial rates.
Thanks
I am thinking about making an offer to buy a block of 5 units (non strata titled) in the innerwest of Brisbane.
The asking price is A$ 1,2 million. I have A$300k in cash and A$ 130k in LOC
with ANZ (interest rate = 4.78%) making LVR ~65-70%. My current PAYG income is ~340k
I am keen to avoid financing it through commercial rates. Adelaide Bendigo bank is no longer offering loan of multiple units at residential rates.
Any chance I can finance it at residential rather than commercial rates.
Thanks