LVR = Loan to valuation.DSR = Debt Servicing Ratio.

Thomas yes simply you cant have the Title in your name and the loan in your parents.Nothing to stop however your parents taking out a loan secured against their property and they in turn lend the funds to you.You take out a loan yourself to secure the balance.

Wont be able to take out the loan in your parents name yet hold the asset in your name so that is out of the equasion.If your parents take out a loan for the deposit and then gift this to you (even if you end up paying it back) you maybe able to obtain a loan in your name subject to serviceability.

Have a client with a property in New Lambton which has performed extremely well over the last few years.Admitedly it is 4 bedroom and he is getting $360 / week in rent but the Bank valuation we have just had back made exciting reading given what he paid for it.

How old is the property ?Have you claimed a proportion of the original loan costs and any mortgage preparation charged when you moved in ?

No unfortunately no Australian Banking lender will advance monies secured on a property overseas.

J HallYou say it wil be negatively geared is that post Capital Allowance, Depreciation and loan set up costs claims.Be suprised how many clients dont know they can claim all of these non cash deductions on their PPOR if all other qualifying criteria is met. 

kiaraNormally sale price is more than 10% above asking price so this sounds good.Interest rate isnt that bad.I have a few ones of my own which we have done at a fixed rate of 7.6% however these were taken out some time ago.Other than the deposit which i guess is an issue in relation to the timing doesnt sound bad.Course you know the address and…[Read more]

kiaraNormally sale price is more than 10% above asking price so this sounds good.Interest rate isnt that bad.I have a few ones of my own which we have done at a fixed rate of 7.6% however these were taken out some time ago.Other than the deposit which i guess is an issue in relation to the timing doesnt sound bad.Course you know the address and…[Read more]

Any Vendor offering VF will have incorporated in his Instalment Contract that he receives it.

Hi KiairaJust to let you know that when buying under an Instalment Contract in Qld the FHOG is not payable on Settlement.It is payable either:1) 12 months from the date of possession or2) Once 10% of the total contract price has been repaid i.e purchase price $250,000 requires total principal & interest payments of $25,000whichever is the later.In…[Read more]

CBA were the same immediate termination of your agency if you lodged an application.if he has been around the traps for a while he should be able to come up with something.

Yes i guess i can understand where he is coming from.He arranges the finance, does all of the work, gets paid and then looses every cent because you pay the loan back and make your profit.I guess couple of choices is pay him a Brokerage fee or let him use a lender that charges you a early repayment fee and yet he doesnt loose his commission.I have…[Read more]

When you move out of the property and rent it out you want to have the flexibility of maximising yout interest deductions.If you have started paying P & I then the amount of interest is reduced.Interest only gives you choice and this is important for structuring an investment portfolio. 

Terry No arm bandits you kidding me.You never had your arm twisted when your ATM is empty. My wife's pastime.

Terry No arm bandits you kidding me.You never had your arm twisted when your ATM is empty. My wifes pastime.

Sure email is often easier so i can read in front of the TV with the kids off my phone.Either way happy to give you some suggestions.

I invested in my own ATM in 1992 the year i got married.I stock it with money and my good lady wife takes it out.

I still believe you could buy the land and construct the duplex in Trust with a Corporate Trustee and obtain a competitive interest rated product subject to a few considerations.

Sorry PierswJust to correct a couple of matters in your last post:1) You cannot borrow in Super. No quiet right although admitedly the borrowing needs to be done through a Instalment Warrant.2) and in the mean time only pay 15%. 15% is only paid on the deductible contributions and the fund annual profit. If the fund is entitled to received…[Read more]