Definately worth changing – Yes

If it is positvely geared I would establish a DFT if it was negatively geared and you need to claim the interest, Dep, BWR etc against Tax then a UT is the recommend choice of Trusts. 

Switch the loan from principal & interest to interest only and utilise and 100% offset account as soon as you can.

As Terry has mentioned they are and far between at the moment.Have done a few over the last couple of months and it is more a case by case answer than something that is written into policy.

GOMThink we might be at cross purposes.All you would so is sell the current PPOR either to a Unit Trust with the highest marginal tax payer holding the units or altenatively buy 50% from your spouse.Depending on the property valuation and your marginal tax rate the stamp duty cost can be made up within the first 12 -18 months quiet easily purely…[Read more]

Sell the property into Trust as mentioned previously.There wont be any CGT as it was formally a PPOR but Yes there will be Stamp Duty.It all depends on a number of conditions as to whether it is worth it.

Wont get an 80% lend too easily these days most lenders want to reduce exposure to nearer 70% but would get this deal residentially.

You cant. I think Vicky was referring to the fact that it was only possible if they were strata titled.

No 4 units would not require a Commercial lend with a couple of lenders so you should be okay.Of course will depend on numerous other factors.

Hi PaulieYes you are right you certainly have a fair amount of equity so need to structure it correctly to maximise the use.Depending on how active you want to be in your investing path will determine the strategy for going forward.I would be looking at taking out a line of credit against the security of your PPOR from which you will draw down the…[Read more]

There is no limit on gifting however if your brother wants to claim the interest as a Tax deduction then you need to charge him some.Normally we structure the private mortgage for our clients at the same rate as they are being charged by their Bank.If it is a property that he will be living in then no you can pay all of his repayments for the next…[Read more]

Hard to comment as i dont now what he will do.I now what we would do but cant comment for someone else.Has he not given you a copy of the FHOG form with your details on it.

It depends.If you are financing the construction then your lender assuming they are an approved agent can lodge the FHOG for you and the funds will be paid to you after the first draw or you can lodge it yourself and nominate a bank account in which you want the OSR to pay into direct.

Hate to be the bearer of bad news but non of the interest on the new loan will be tax deductible as the purpose of the new funds is not for investment.The security offered is imaterial the ATO look at the purpose of the borrowings.Only alternatve would be to look at crunching the numbers on selling the property to a Unit Trust where you both are…[Read more]

A securitised lender i wouldnt touch them personally in todays climate.

Terry is bang on but you need to be a wee bit careful as most lenders now want to sight where the deposit funds are coming from so might have to just box a little clever.

rugrat Yes WeeWaa

Hate to say mortgage insurers do not like Professional sportman due to the nature of their Contracts.Anyway good luck.

Interest only loan with 100% offset account.

Not in todays climate.Maybe if the mortgage was registered after the first mortgage was registered then they wouldnt be aware of the loan however would want you to show you had sufficient funds to settle on the deal by sighting your savings statements or availble credit thru a line of credit.