First Home Buyer Opts for Interstate Investment

First Home Buyer Secures Interstate Investment

Key Highlights

First home buyer from NSW purchased investment property in Queensland.
4.5% yield in Brisbane metro location.
LVR 90% with LMI waived.
Deal secured 100%. remotely.

Loan Purpose

LVR

Loan Type

Repayment Type

Investment Rate Type

Offset Facility

Government Grant/Scheme Used

Yield on Property

Total Funds Required (Outside Leverage)

Equity Used

Rental / Week

Purchase of Residential Investment

90%

Packaged Home Loan

Interest only

Variable

Yes

No

4.5%

$0

Yes 25% of purchase price from another Investment property

$550

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Final investment loan for FY 2023/24. Approved!!!

Investment Loans, Property Articles, Property Due Diligence

This brand-new dwelling was secured within a day of being listed. As part of a strategy to expand and diversify the portfolio, it was purchased before the end of FY 2023/24. Located less than 20 km from Perth CBD, it boasts an expected rental yield of 5.5%, a 93% LVR with no LMI, and a sub-80% interest rate. From financial strategy to end-to-end due diligence (DD), the entire process was conducted by Ka-ching Finance.