Current Position Options
My partner and I currently have a PPOR with $210k remaining on loan with a variable rate of 6.4%.
My annual income is 130k theres is 100k.
As it stands I have 200k in savings which is offsetting the current loan and a redraw of 50k due to the offset doing its job.
I am exploring the option of moving out into a place of my own either permanently or short term.
What would my options be for a property to either move into or turn into an IP if things work out?
How much borrowing power would I have without the use of equity?
u/Super_Brain6123 — 4 days ago