Yes.

http://www.mortgagehunter.com.au/first-home-owner-grant.html

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

I am pretty sure that the CGT exemption applies to your home.

Check it out at the ATO.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Darren,

Have you exhausted all options for buying into a property yourself?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Bruce,

You can get the FHOG after buying an IP in this situation.

Check

http://www.mortgagehunter.com.au/first-home-owner-grant.html

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

Lucifer has made some very valid points.

This can be achieved if she has a high enough deposit.

Can you provide some figures that we can look at?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Does he have a serious buyer or is he just trawling for a listing?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Personally I would buy the home first. But there are many variables and itis a decision you need to weigh carefully.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

Nat,

Your analogy is flawed. If you dispose of a car or no longer require insurance during the insured period then you will get a refund of any unused premium.

The same applies to LMI.

I have clients who have been successful in getting a partial trefund under certain circumstances.

Cheers,

Simon Macks
Mortgage…[Read more]

I often use the NAB even though they apy a fraction of the brokerage others do. Why? They are often more understanding when a deal is a little unusual.

I think they are great.

My priority is to get the loan placed with the lender that best satifies the clients needs. I usually get paid something down the line but sometimes nothing if the…[Read more]

One safe place that many folks use is http://www.ingdirect.com.au

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Keep in mind that most banks require a 6 month savings history.

If you pay out the ATO in one hit you will need to start this over.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should…[Read more]

However there is no requirement to wait any minimum period before a next purchase.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

I had this recently. We switched to another lender who’s valuer “found” another $60K iot win the deal.

I can only suggest you ask your broker for a lender with a compliant valuer. He should have one he uses for these cases.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual…[Read more]

There may be an avenue but I would need figures to see if it would work.

Ask him to email or call me if he is interested.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

I wonder if Queanbeyan will get a bit of a nudge along from the ACT first home buyers?

Might be worth a look.

Cheers

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Does he have someone who can help him out with a personal loan or some equity?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Shushar,

I wouldn’t use the word laziness.

We all have our favourite products to suit certain situations.

I imagine like many things we use 20% of our lenders for 80% of our clients.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any…[Read more]

Turismo,

Can’t quite see what you are after.

Not too sure what your broker is trying to achieve here. Not the advice I would give but I might be wrong.

Can you give me a quick call and I will ask a couple of questions?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual…[Read more]

Nick Moustacous

http://www.strategicwealth.com.au

cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

In a nutshell you are getting the 2% loading on the repayment plus wrappers hope for the wrappee to refinance the property after a few years. They then make the 20% loading on the sale price. In an ideal world the property is worth more to the wrappee by this stage so it should be win/win.

Hope this didn’t over simplify…[Read more]