The above link may assist further. Your Accountant should be able to point you in the right direction, but if in doubt you can always request a ruling from the ATO on your individual circumstances but this will take time but give you a clear understanding.
Regards Grant

I to cannot comment on any of the above mentioned courses but I do receive emails from Knowledge Source who seem to promote a lot of these seminars for various speakers and promoters of their products. There are also companies out there who are more a fee for service for more specific education based around your strategy and what you…[Read more]

Yes you will need 5% Genuine Savings, all lenders nowadays with Loan to Value Ratios over 80% want to see Genuine Savings.
Regards Grant

I agree, every persons circumstances are different and a full understanding of clients needs and personal circumstance should be taken by a broker before any product comparisons are presented.

Regards Grant

Homeloans is the lender that offers this loan package. Following is an example, (Please note that the interest rates may differ at anytime and the following is simply an example)

$400k Purchase

Term Loan with 100% Offset @5.79%pa
$360k (included in LVR: Max 95% ($12k LMI not included in LVR)

Plus

Line of Credit @5.89%
$20k…[Read more]

There are various products in the market place which can become confusing. As noted in previous posts, the Broker should have completed a Client Assessment to understand your needs and what you are trying to achieve. For a Mortgage Broker to advise you to fix, I believe is stepping over the boundaries of their advise that they can give. Only…[Read more]

http://www.macquarie.com.au/dafiles/Internet/mgl/au/docs-pa/articles/smsf-from-set-up-to-wind-up.pdf

Regards Grant

With your Superannuation amount to date being $60k, and using this to purchase a property in a SMSF should be approached with some caution. It is being discussed by many in the SMSF industry that the ATO and ASIC have an interest in SMSF's being set up to solely invest in property without any other diversification within the fund. The…[Read more]

There is a feeling in the market at the moment that the RBA will look at another 25 basis points drop in the near future, what does this mean to the Lending Institutions?

The Lenders have not historically always forwarded the RBA reduction to consumers, so it is always an unknown until it happens. As Jamie pointed out, there is more to…[Read more]

1. Are any of the loans Fixed?
2. Are there multiple Lenders, or just the one, who are they? There are interest rates in the market place now that are under 5% in the Fixed…[Read more]

Cheers Grant

I suggest your first visit should be to your local council, and talk with the Building Department to see what can be built on the site, and to also check if there are any easements that may hinder your ideas (restrictions on where you can build on the block, common easements are storm water drains, sewerage or underground power), along…[Read more]

Thanks for your comments. I was more alluding to the fact that there are companies out there that have pre-approved Trust Deeds, such as SuperFund Pro for most lenders.

My thoughts are if you are looking to set up a SMSF for the purpose to include property utilizing an Limited Recourse Borrowing Arrangement, that there should be as…[Read more]

Prior to entering any agreements I would suggest that you get a Pre-Approval from a lender for the SMSF, and make sure that they will accept your Trust Deeds and the Security. Many people do not understand the "Single Acquirable Asset" that a SMSF needs to invest in and what the lender will accept as well. Getting a pre-approval will let you…[Read more]

The ATO is forever changing the legislation and policies. The last amendment was on the 20 th June 2013. I have noted two useful links into the ATO website which will explain a few different scenario's and also the 2013 Property Investment Guide.

A little research upfront is always advisable because if the ATO start looking into your…[Read more]

Look abroad in various markets, if you struggle, look for a company that can provide…[Read more]

Tenants in Common is noted on the Title, so when settling the land, this is where your ownership split should be noted. As far as the actual percentage is concerned (No Financial Advice Given Here on), it will really come down to your tax rates. If your wife is out of work for a few years and there is no income, another consideration may be…[Read more]

The old saying, "no friends in business" comes to mind. First thing to consider is that you are not their overdraft facility, are they taking advantage of your generosity, and are you feeling guilty for what they have done for you in the past, and has their input been noted financially for work done on the improvements for the…[Read more]