Nick Rabba - Finance Broker - Inovayt

Australia has a progressive income tax system meaning the more you earn the more you pay.

Every dollar earned after making $190k you will be paying 45c in tax.

Save 10 years on your mortgage by:

- Switching to fortnightly repayments.
- Making extra repayments.
- Keeping your savings in an offset account.

Stay tuned for more value adds.

The fastest way to save is to avoid expensive trips, car loans and designer items. Living with your parents also helps.

This assumes eligibility for the first home guarantee scheme also.

Different banks = diffferent valuations = different borrowing capacities!

If you’re looking to explore your own capacity get in touch.

1. Credit score - Your score does not need to be perfect.

2. Recent spending - Banks won’t dive too deep into your recent spending. You’re allowed to have a life.

3. Savings - As long as you have the minimum 5% you will be sweet.

You can leverage into your an investment property with $0 by using your equity!

Get in touch if you wanted to explore your own borrowing capacity.

If you’re constructing your first home or ourchasing an oft the plan home you may gelone eligible for the FIRST HOME OWNERS GRANT of up to $30k in some states.

You can get into your first home or investment without any savings!
This is done through a security guarantor which can be most family membershout a deposit!