Hi guys, as the title suggests...
How much do we need up front to buy a block based on $130k, I'm told it's 5% therefore do we just need $6500 or does the bank want to see more?
We are with CBA for what it's worth, we have already bought/sold our first property and are perusing building in the near future.
Lastly do i need to find another 5% for the construction loan & will the deposit in the land loan be taken into account as equity?
Thanks in advance, Chris.