Wow Dylan just hold on there.Please dont take the funds from a redraw on your PPOR otherwise you will have real issues in trying to claim interest on the funds as a the original purpose was not for investment. I suggest you would open up a second account i.e line of credit and use this to cover the deposit.Then take out a separate loan probably t…[Read more]

No buying using a SMSF is not that difficult at all especially if you are looking to gear against the property.If you are then as Terry and I have mentioned earlier there are a few issues to consider.

Hi KarenYes a DFT can be an effective tool when you are either acquring positive geared properties for the long hall or looking at carrying out short term buy, renovate and sell projects.Funding such deals can sometimes cause issues especially if lenders believe you are doing the deal purely for profit however structured correctly you should be…[Read more]

Hi MikeSounds like this is equity in your current property and this can be a useful tool in building up your future wealth.With the new property you would probably want to consider buying in a Discretionary Trust with maybe you and father as Trustee and then numerous Beneficiaries.You would utilise the equity to fund a deposit and i would prefer…[Read more]

graftyNot sure whether Tax advise is going to help you that much because if you cant finance it it doesnt mean anything.Why would you not consider selling your interest in the current PPOR property to your hubby and then use the raised funds as deposit on your new PPOR.Then with the additional equity by all means look at a separate investment LOC…[Read more]

Hate to say Yes.

Terry very a true word. Of course when you are out with the lads at the pub and the wife phones and you tell her (like the Carlton Cold ad) you are on your way to an appointment and will be late home that doesnt count.

Yur kidding me arent you.They have no approval authority at all and is merely a glorified senior teller role.Sure they can prepare your application and push the majic send button but if it is has a negative credit score or declined by an assesor then that is as far as it goes.And with the way Westpac are at the moment being short of funds the…[Read more]

Hi PeterThink your biggest issue could be income and proving serviceability.Remember lenders dont like full time renvoators or developers and the bar is a lot higher to jump.Get your mortgage broker to set you up before you go and you should be right.If the deals are to buy, renovate and sells then you might want to look into the world of…[Read more]

Terry has hit the nail on the head buying using an instalment warrant can still be fraught with difficulty.Only one lender in Australia does not require the Trustees of SMSF to give a Personal Guarantee and their lending terms and credit policy are not straight forward.Just to correct Ben's post 10% is the concessional CGT rate a SMSF pays on the…[Read more]

sashaYes hate to say you do need to service the new loan.Started purchasing here in Brisbane circa 1994/95 and took about  5-7 years for some and around10-12 years for other  to get them all +cash flow although i did start with a decent deposit coming from the UK when the pound was strong.Yes I could live very very well off the rent as i have a ve…[Read more]

Hate to say purchasing a NRAS property or anything positvely geared will not help you get a 100% loan or anywhere near it unless you have other property security / equity or cash deposit.Realistically unless you have a very good credit score you wont get more than 90% lvr so would need to access some equity in your existing property or look at…[Read more]

SashaNo problem at all it is difficult to get to grasp with but once you do it will seem obvious.The security is neither here nor there it is the total loan that you need to consider.If you borrow $200K for investment and the security offered is a motor bike then the interest would still be deductible due to the purpose of the loan. Whilst you…[Read more]

Yes i think you have misunderstood the whole concept of equity.Sure you can borrow against but still need to show sufficient income to cover both the new and old loans.

Hi RomeopIf you would rather drop me an email i can respond to you off the forum and means you dont need to disclose too much personal information for all to see.

shahabrI can send you one for NSW if need it done.

Yes interest capitalisation is available subject to the overall lvr.Your mortgage broker should be able to offer you all of the available options.

Yes being casual does not prevent you from obtaining a deal however would need additional information to advise further

Ash i would be taking an interest only loan with 100% and save the extra funds in the offset account for the next deposit.

The FHOG is available on settlement but to be honest this comment has confused meI can't get the FHOG until another house is built in late April. Do you want to explain further.