Assuming Mr and Mrs Monash's income changes by the current rate of annual inflation, will they be able to afford the periodic loan repayment needed for the loan?

If not, by what nominal annual percentage will they have to grow their disposable income available to service

the loan in the future when they buy their house?

Interest rate for the loan 3.60% pa.

They pay monthly 6395.87

They want to buy a house in 4 years

The inflation rate is 6.1%

In 4 years time, Mr and Mrs Monash intend to buy a 3 bedroom house in Caulfield to liv $1,580,000 to buy their house. Task 1: Mr and Mrs Monash have the following conditions and needs of the loan you present to them: The loan has to be from a Non-bank financial insitution The loan needs to have a Offset facility Mr & Mrs Monash wish to make . They wish to borrow money for monthly repayments 25 years They wish to take a fully amortizing loan. They are interested in a Mr & Mrs Monash want an LVR of Today, Mr and Mrs Monash have Task 2: Mr and Mrs Monash have the following conditions and needs for the term deposit you present to them: The term deposit is to be from a Credit Union, Building Society or Mutual Bank. The term of the deposit matures when they purchase the house in the future. quarterly $110,000 to investment today They require interest to be calculated and paid Mr and Mrs Monash have Variale rate loan (use comparison rates only) 80% $2,100.00 of disposable income to service their debt at each loan repayment period.