Here is my 2 cents’ worth – have you considered to do the deal with your spouse or someone else in your family? If it is done in the name of the person with the lowest income the CGT is assessed at that person’s tax rate. That is were trusts are very beneficial.
Your accountant should be able to advise you how to set this up.
Have you considered investing in Indian Sandalwood Plantations? These seem to be doing extremely well due to the shortage of supply. There are some plantations up in the Kimberleys-North WA.One of these organisations offer deals in plantations with very good returns. However the timespan is 15 years. They also listed on the ASX recently. code TFC
As someone who has lived in Perth for almost 40 years I can recommend various Suburbs. Some with good CG and some with +CF.
The areas to look at are along the coast Fremantle – Mandurah right down to Denmark.
Closer to Perth I would consider the more expensive suburbs which had below av. growth such as Nedlands, Crawley, some ereas in S/Perth,…[Read more]
For a commercial deal the banks will only lend 60 -70% LVR, and also commercial rates ar slightly higher, around 7 – 8%.
I think the returns on this deal seem to be too low.I would do some more research before signing.
I have looked into this deal offered by Goldstar
It consists of splitting your borrowings into 2 loans – one at 4.49% and the other at over 8%.
It depends on the principle amounts in each loan, the terms of the loans and several other factors. For some people it may be worthwile checking it out.
However, I think the ad in the paper…[Read more]