Anything above 50% of nett income just for loan repayments, for me that's living close to the edge already.

60% for home loan only, no.

firstly, your question is wrong and not making any sense, please this close this thread and google DSR....

Mine 80% got for loan repayment 😂

me toooo   

20% enough for other expenses?

if you want to gauge how many rich and poor pp in this forum, than your poll's question is make sense.

60% is affordable for high income but not low income.

i believe in work hard now relax later.. first few year is abit harder but at least at later age we can relax more.. if we dint give a go now with high commitments, then few years later our life will be more difficult..

This is a very subjective question, if your annual income is like Lim Kok Thay, then you can well afford to spend more than 60% of your income on a home loan, as the balance income (after minus the home loan) is still tens of millions, and a small fraction of this is sufficient for you to sustain your living expenses.

On the other hand, if you income is 2k a month, if you pay 60% for home loan, the balance income is hardly sufficient to sustain a living.

In any event, please note that Bank Negara only allows around 30%-40% of one's income for payment of home loan, so even if you wish to use 60% of your income to pay your home loan, no bank will agree to this.

imno,
everyone have to anticipate adverse future such as retrenchment, losing ability to work (touch wood) and etc.
don't say 60%, 50% also considered risky as putting own-self in the edge of cliff already; especially in current malai bole land economy/market which is bleak like Death Metal music.

FAMA fund leh 😂

Hahahhaa his life is my dream

My house is 36% and car is 14% of my nett income (both acquire this year) Young and single, but also dont dare to press the pedal too hard

+1. i know under 25 yr olds with 1.5mil+ portftolio all on their own. not everyone depend on fama la   

Yeah salary stagnating +1
Lucky for me paying 11% (progressive int.) only out of the 36% at the monent.

In the past 4 month, i spend over 100% of my income. FML.

Very simple question but yet, has stir up quite some contrasting views and opinions. For me, yes, technically on paper, I’ve more than 70% of my nett employment income for home loan. But at the same time, from this 60% that goes to home loan, I do get back a fair amount of money from the rental generated. The 60% is also spread out among few home loans (few properties).

If I were to consider rental income as part of my total income, then the figure drops to about 50%.
Why am I leveraging so much? Isn’t 70% dangerous one might ask? Well, I would still consider myself young (early 30’s) and about to start a family. Rather take the risk (meticulously calculated risk), and hopefully make it big through properties than regretting later in life. So far, things are good. My only worry moving forward is not about having insufficient properties, but rather not being able to further increase this DSR figure of mine which is currently at the 70% level. I have not done the detailed calculations yet, but with a 20% pay rise, I am hoping that I can further push this 70%++ figure to 80%.

Noticed that another forummer commented on this thread and told you to close the thread as the topic is irrelevant. The DSR can also be googled up easily. Not sure what is his/her level of involvement or experience in property investment but it pretty much shows that he doesn’t have it both. For seasoned investor who have an impressive portfolio (and also very deep pockets), DSR can go easily cross 60% and way more than that. I’ve known of individuals who have breached the 100% mark. Imagine an individual having a nett worth of RM20mil (properties, securities, cash), borrowing a RM3mil home loan but with a monthly repayment that will clock his/her DSR at 100%. With the right and relevant supporting documents, chances of the home loan getting approved is very high. Of course, this policy differs from bank to bank. Each financial institution have their own risk appetite and evaluate opportunities differently.

Anyway, good luck in your investment journey!

Im so sad when I read this post, people can ask whether  spend 60% of their income on property, with my income right now, i dont even have the allocation for it. Need to find better job and side income.

For TS question, if you could afford it, why not, it's a good investment.

U will be assessed under net worth category
Probably the bank will need tou to pledge fd against the housing loan.

Bank could tell borrower to pledge FD as collateral.

According to bnm, only about 6% of people have saving to support over 6 months of living expenses mean only a minority have substantial FD.

used to be 60% two years ago.... now already gone way below that.... so its either you improve your income or you dont get one.... especially nowadays millennial salary vs house price...

Uptown punya boss sudah spoken.

Problem is people always buy into hype believing it's a good investment while they themselves did not take the effort to study the idea of the project or etc.

Later when VP time kenot flip, then emo Liao. Cash flow stuck on a stagnant piece of property.

Time to earn more.

For me currently was 12% house loan & 14% car loan. However recently bought new launched property which would wiped out additional 44% of my net salary. However consider that the property will only complete in 3-4years time hope my salary can cope up to reduce the ratio. And currently rental income was 11% of nett income.

Yes I would spend 60% of my nett income to home loan, if got opportunity.

Now 14% home, 12% car and 8% personal.

So I have another 26% to spend to another home.