Meet Michelle and Tony...
A young couple with two kids are struggling for space in their current 2 bedroom home. They have purchased a block of land and are looking to construct a new 4 bedroom family house.
- Age: Michelle is 32 and Tony is 35
- Occupation: Both are PAYG, Tony earns $85k and Michelle earns $50k.
- Assets: House valued at $600K
- Liabilities: $362K
- Credit Impairment: They have 2 Telco defaults under $1,000 from 12 months ago and a $10,000 credit card default from 2 years ago