Like most Australians, you have set your sights to getting an investment property as part of your long-term financial strategy. The only problem is that property is getting more and more expensive.
How do you know what to go for and how much you can afford to borrow to buy your (next) investment property?
Well, first you have to sit down and ask yourself a few serious questions:
Change in Lending Rules Not Needed For Now
In an article for the website The Adviser, Nick Bendel talks about mortgage broker heads going ballistic over the proposed introduction of the new lending rules. The Reserve bank of Australia feels that the property boom in Sydney and Melbourne warrants a change in lending rules.
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