Next Property Purchase Snapshot
With a $300,000 contribution and an $850,000 purchase price, stamp duty in Victoria is approximately $46,000, plus lender and legal fee buffers.
This leaves a loan of around $603,000. With a deposit above 20%, no LMI applies.
The result is a loan-to-value ratio of roughly 71%, providing stronger lending options and lower overall borrowing costs.
About author
Shehan Wijayasinghe
Accounting
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