Serviceability – What's The Minimum Income I Need to Buy My Next Property? | Ep. 498
- Author
- Opes Partners
- Published
- Thu 21 Jan 2021
- Episode Link
- https://podcasters.spotify.com/pod/show/propertyacademy/episodes/Serviceability--Whats-The-Minimum-Income-I-Need-to-Buy-My-Next-Property---Ep--498-ep85fd
In this episode, we discuss serviceability ... which answers the question "do I have enough income to get my mortgage approved through my bank?
We go through the minimum bank expenses that ANZ currently assumes that you pay each month, along with how that changes based on how many people you have within your household.
This episode is based on a minimum income calculator, which we recently released. This allows you to put in details about your household composition and see the minimum income you'd be required to have in order to get your next investment property approved.
