GOM you are so right…………..

This may also help.http://www.sro.vic.gov.au/sro/srowebsite.nsf/revenue/28D9FE2D4C70D11DCA2573C100831BA6/$File/publication-LTX-05_2008.pdf

Think you will find she is stepping over the line in her comments here.I do not believe you could ever pass a motion (that would stand up legally) at a Body Corporate meeting to disallow smoking on private balaconies. Common areas maybe different but certainly not an area which own or have the right to occupy.

Dont like to disagree with Mick but these days it is not that easy and financiers are wary about 99/1 or 95/5 shares when buying as Tenants in Common.A DFT with a single property and No Corporate Trustee will not cost you anything like $2500 per year in Accountancy fees and would be done by the average tax agent as a simple return.I have 5 Trusts…[Read more]

Hi FuturoI am aware of a small handfull of lenders that will lend to a Unit Trust and those lenders will only lend in certain post code areas.You would be better off to form a Discretionary Family Trust with both of you as Trustees as this will at least open up a few more lending options for you.

One thing which will slow you down for upto a year is your age as it is illegal to enter into a mortgage or be registered on a title until you are 18.In saying this dont let this put you off as if you intend to utilise the FHOG and go to contract prior to 30th June 2009 you will still qualify for the FHOG Boost.Serviceability maybe an issue but…[Read more]

Hi PaulThe lenders that currently offer 100% investment loans including SGB only do so where you can demonstrate 20% equity in another residential property.In all cases the Mortgage Insurance is is dedcuted from the loan so whilst it maybe a 100% loan you still need to have sufficient to cover your acqusition costs and LMI to hand in cash or equity.

All depends how much equity you have in your other properties. Couple of other 100% investment lenders still in the market but it is horses for course.

Hi tetrismanFirstly welcome to the forum and I hope tyou enjoy your time with us.Structuring the finance on a new purchase is something you need to get right otherwise it will just cause you problems in the future. Normally we would recommend to our clients a line of credit secured against the prime residence and then a standalone interest only…[Read more]

Hi AdamThe DFT needs to be established prior to going to contract so normally take around 24-48 hours to prepare.We charge around $665 + GST for a simple Trust with Personal Trustees compared to $$$$ charged by some of the major firms as GOM has mentioned.Dont go the Hybrid route as finding someone to finance the deal can be extremely hard in the…[Read more]

No what i was getting at is if you read the future forecasts from all of the Banks economists on interest rates (and there are few others we could add in there) everyone has a different view.And these are so called experts with unlimited access to resources.

No way of reducing the Stamp duty payable as it is calculated on the Transfer value but within reason they could agree to sell the property to you at a discounted price.Whilst in this case the duty maybe payable on the valuation rather than the Transfer price i think if you could support your arguement with a valuation you should be fine.

Only problem is that the CBA 100% offset is not fully transactional in the true sense so not as good as some of its competitors.

Must admit the last people I would listen to is a Banker.13 out of the 14 Investment houses including the 5 major banks had Babcock & Brown as a Buy recommendation in Dec in FN Arena. Hard to believe that only 1 out of 14 got it right.

WarrickelI wont comment on the fact whether a regional property is a good investment (although personally i think you get good value for money in a lot of the smaller towns) however i would just pull you up on your opening sentence. I am on the verge of drawing on the equity of my house to buy my first investment property .Just make sure that you…[Read more]

WarrickelI wont comment on the fact whether a regional property is a good investment (although personally i think you get good value for money in a lot of the smaller towns) however i would just pull you up on your opening sentence. I am on the verge of drawing on the equity of my house to buy my first investment property .Just make sure that you…[Read more]

AdamAny change in the structure or ownership post settlement will incur stamp duty and possibly CGT so hence my comment about getting it right.If the property is neutral or positively geared then have you considered using a DIscretionary Family Trust vehicle to acquire the asset in.

Problem is that these Special Offers come and go and you need to be on the boil to take advantage of them.5.94% for 5 years is as about as good as it gets at the mo.

To many questions with specific answers to give a general advice statement.A good Mortgage Broker should be in a position to help you structure the loans and set up correctly. 

Hi FuturoYou are still entitled to receive the FHOG if you purchase an investment property initially and all other qualifying criteria is met however have you thought about how you are going to finance an investment property purchase in a Unit Trust.The number of lenders who will lend to either a UT or an HDT is diminishing by the day and those…[Read more]