Tracy hate to disagree just done 6 units on the 1 Title at 80% lvr.Admitedly this lender is slightly unusual and does things that other lenders dont.Not everyones cup of tea but serves a purpose if the client and security is right.

Wont be CC'd but will have a potential problem under the All Monies Clause.Depending on the overall situation I wouldnt have a problem with what he has suggested but if you want to be totally safe use a separate lender.

Hate to say Com Banks policy on Non Residents is a shocker so definately wouldnt be going there.You need a Broker with a good balance of Expat and non resident clients who understands the mechanics of being an overseas investor. Remember if you are non a permanent resident you will be more than likely limited to what you can and cant buy.

There are no monthly fees under a NAB choice package.

Must admit i wouldnt have said CGT was a disadvantage although it would more likely be treated as Trading income.Profit is profit.You would normally do it by way of a Put and Call option and as long as the Option priemium if fairly small you would have little to loose and a lot to gain.Course in Vic you would have Stamp Duty on the Option but a…[Read more]

Be prepared to have the chequebook open and plenty in it.Certainly think you an do better than C & N.

Dont need to be in the property 6 months for GCT but you certainly do for the FHOG and possibly the Stamp Duty concession.

Point take DanTo correct  – F could borrow 90% of his current valuation =  $470,000 x 90% = $423,000 – existing loan of $360,000 gives $63,000.

Hi KevFirstly welcome to the forum and I hope you enjoy your time with us.Admitedly as a Broker I have a vested interest but i will try and be objective as possible.1) Unless you intend to remain in the current PPOR for ever and a day I would not try and reduce the principal as quickly as possible. In fact i would do the exact opposite i would…[Read more]

With certain conditionsAfter living in a property for 6 months – it becomes CGT exempt for 6 yearsis the accurate one of the two.

No hate to say i agree with the ATO on this one. 

DSYes many lenders do offer 100% offset with an interest only loan and we structure most clients loans that way even if it is there PPOR.Banker FYI Dan is a Tax Accountant.

Hi seabarFirstly welcome to the forum and I hope you enjoy your time with us.Before you rush in and form a Trust think about the sort of property you wish to buy and whether the strategy is for you.Have you looked at how you are going to structure the loan and whether you intend to use cash or equity as a deposit.A mortgage broker is a good place…[Read more]

If you are unsure about the begativs of cross collateralising your loans i think you should read some of the past post both Terry and i have written.If you use your own cash as a deposit remember you wont be able to have it back again and claim the interest as a Tax deduction. Most people want to keep their cash flexible as you never know when you…[Read more]

Yes you can GOM not an IP where a Capital Gain has been made though.

Yes you can GOM not an IP where a Capital Gain has been made though.

RHPersonally i hold about 5 properties in each Trust and think a separate Trust for each property is overkill.The Trust will need to be formed prior to going to Contract so assuming the Trust has personal Trustees the Contract names would read as :Jack and Mary Smith ATF SMITH Family Trust

Hi FIn essence you can use upto 90% of the available equity so in the scenario above with equity of $110,000 then you would be able to borrow against $99,000 (ignoring the LMI costs of doing so).The 9K is however a separate loan and therefore incurs interest however one advantage of structuring the loan this way is that the loans are separate and…[Read more]

Just make sure you avoid their PIT if you want to finance the deal in future as choices wont be great.

Hi MAQFirstly welcome to the forum.Cant recommend an Accountant unfortunately but it is not as easy as that.It is not a matter of just changing the name on the finance into a Trust name unless the property is also held in that entity.Selling the property to a DFT will incur Stamp Duty as well as possible CGT so might want to think twice before rushing in.