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Belinda

2 weeks ago

Hi Troy, We have a similar client to you who is a cinematographer, Danny is correct, we would need your Tax Returns and PAYG Payment Summary to determine your Annual Salary as this smooths out the Lumpy-ness when not working! Ideally a full assessment will help you, taking in your Combined Income, assets and liabilities (existing commitments & living expenses), funds you have for a deposit. We would then look at what you can afford to borrow - and what you can afford to purchase. Finally working out your loan repayments and keeping your repayments within your comfort level. A pre-approval would then assist giving you both the power and comfort to buy at auction or negotiate with an agent.

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Danny

2 weeks ago

Hi Troy, your scenario sounds quite simple. It will be a matter of looking over your tax returns to determine your borrowing capacity. Happy to help, feel free to contact me via my profile and we'll go through everything in detail, cheers.

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Troy

2 weeks ago

Thank you for you prompt replies. Michael: The majority of my work is PAYG, with the employer deducting/remitting the tax. Only on some jobs have I payed the tax at the EOFY. Last year I worked in China for 7 months and was payed a gross monthly salary. I have since declared all earnings and payed tax on it. Lesli: we have been looking mainly at established homes, weatherboard, hardwood floors etc, with a manageable and maintainable amount of land. With my background in film/carpentry we are keen to buy something that can be updated and have value added to, rather than the new repetitive and monotonous rendered polystyrene boxes that pass for houses that have been popping up throughout the suburbs.

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david

2 weeks ago

Hi Troy; I would need more information to ascertain your borrowing capacity. I would need to get details of your current income, your past year's income, Centrelink income for your child (if any), details of any debts you have etc. Once we have a borrowing capacity for you, we can proceed with a solution for you. All the best; regards David.

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Michael

2 weeks ago

Hi Troy. Quite a tricky one. Who pays the tax? The employer or do you? If you pay the tax, you would be considered self employed and your tax returns from the past 2 years is what would get looked at. Can you borrow $450k? it’s hard to work out without A. Your living expenses B. Your annual income as seen on your tax return.

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LEZLI

2 weeks ago

Hi Troy. Would love to help you. As First Home Owner in Vic, you will get $15K FHOG & NO Stamp Duty if you buy a new house. If you buy an established house you'll miss out on $15K. Have to stay under $600K also to get full value of FHOG & NO Stamp Duty. Contact me via my Profile Page. I've got rate of 3.69% fixed for 2 years UP to 98% LVR including LMI - FHO Special. Look forward to hearing from you.

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