First home buyers looking for a reality check on where we stand and what we should be doing to get bank-ready. I'm 42 (partner 40), so I know I'm late to the game. Keen to understand how that affects loan terms and borrowing power.
Me: $150k gross, permanent full-time, same role and employer for 4 years.
Partner: casual, ~$34k gross ($1,200/fortnight take home currently which is at it's lowest point due to losing some participants), same employer for over 12 months.
Savings/FHSS: ~$25k in FHSS currently, and have adjusted my salary sacrificing with aims to hit the $50k cap in about 18 months. No other significant savings yet but have just started to build a buffer alongside the FHSS con