Hi and welcome to the forum.Firstly congratulations on wanting to start your investing career so early and I take my hat off to you.Unfortunately the days of the 100% loan whilst not yet been and gone have requirements that are fairly stringent in respect of credit and asset requirements.There are only a couple of lenders left offering such a…[Read more]

Hi forsenFirstly welcome to the forum and I hope you enjoy your time with us.I wont go down the tracking f asking why you would buy a property with your Ex wife as that is a seperate consideration.If you buy the property as Tenants in Common with the share split as you indicated above you will not be able to claim a Tax deduction as she will be…[Read more]

FreelanceThe property would need to be considered your principal place of residence so you have to have the services etc in your name.You need to occupy the property for a period of 6 months in the first 12 months after settlement.Each State will also have FTB Stamp duty concessions which may need thinking about in order to satisfy separately.I…[Read more]

Hi ThomasWelcome to the forum and i hope you enjoy your tme with us.I am with Eddie i think you would be unwise to consider a Hybrid Trust in the current climate as away from the Tax issues finding a lender who likes them at a competitive rate and product is another issue.Before you start out on Trust structures personally I would be looking to…[Read more]

Hi HansFirstly welcome to the forum and I hope you enjoy your time with us.Flexibility is what you are after in any loan as i tell all of my clients because what starts off as one loan down the track changes exactly as you have indicated and there are both costs and Tax implications in getting it wrongWhy not approach an independant mortgage…[Read more]

CBA do not offer a fully transactional offset account so personally would not use them.Either Anz, NAB or Westpac offer a fully 100%  transactional account but i guess we all have our preference on lender due to the  level of customer service.Each has their own pecularity so just need to be make sure they meet your needs.

Hi RandomGlad you have found a suitable property. Must admit wouldnt have personaly used Ratebusters who are a non bank lender in this climate as for any home loan you need flexibility. Many Bank lenders offer a 10 split product at no cost and the mortgage insurance and early repayment fees are a lot less.Anyway as long as you are happy thats all…[Read more]

Why not look at buying a propery as your PPOR and receive the benefit of the FHOG.Not sure which State you are in but that could be circa $17K for a 2nd hand property.Make the loan interest only with a 100% offset and put down the minimum of deposit.As long as the services are in your name and the property is not offered for rent the property…[Read more]

Hi narelle,

You can go and visit 101 lenders and try and see what they can offer or you can contact an independant mortgage broker and get them to do the worl for you.

One issue in todays climate is that lenders are not in the mood for negotiating on fees or interest rates as their margins have been squeezed and raising funding has got harder…[Read more]

Sydney,

With the limited information to hand and subject to having satisfactory previous employment history you should be fine.

Although as mentioned earlier you can do better in respect of interest and fees.

MitaCertainly you can as far as the QLD adminstered FHOG is concerned however i would be careful about the stamp duty concession. Depending on the purchase price in Qld you may have paid NO stamp duty  on the original purchase and dont want to find that that you end up having to pay the equivalent Investment rate duty as you moved out too ea…[Read more]

One consideration in whatever you decide will be the flexibility of the loan and the structure of the lending.Remember what starts out as a PPOR so you can claim the FHOG and Stamp Duty concessions could end up being an IP and you both want to move on to bigger and better things in the way of a new home.To many clients i have seen over the years…[Read more]

No would have no bearing on your FHOG application.Assuming your income was sufficient you could be the sole Unit holder. Just means you would be providing the majority of the deposit so might want to come to some sort of arrangement there.

As Terry has mentioned withoout a deposit you wont get past first base.100% oans are stil available for IPs but you wouldnt qualify and couldnt come up with the Stap Duty and other assocated costs.Dont feel too bad as I am in the UK for the next 10 days and here the maximum LVR avaiable is 85%. A couple of lenders were offering 90% LVR but they…[Read more]

Repetition.Think posting it once was enough.

NSL What you would do is sell the unencumbered house to a Unit Trust with both of you as Unit Holders.You would borrow 100% of the value of the home and pay your Stamp duty based on the Transfer value.Of course as you owe nothing on the house the net realised proceeds are yours to use as deposit on the new PPOR.What you are trying to do is shift…[Read more]

Yes sorry just to clarify I was only stating that CGT would not be payable if after the subdivision each lot remained ina all 3 names.

If you each hold 1 title each then this will be considered a sale from the 3 of you to each of you individually.

Don’t want to disagree with you but makes no difference who you now at SGB,

There 100% lending is done by their Specialised Mortgage Services and the documentation requirements are standard due to the fact that the loans are not mortgage insured and securitised but kept by the Bank on their balance sheet.

Before starting my own business here in…[Read more]

With a good track record in the industry you should be ok. Lenders accept Casual status as the ways of the world these days and whilst they normally like to see a 6mnths plus track record being in the industry previously should hold you in good stead.

CGT is only payable once the property is sold.If the 3 of you own the property develop it into 3 separate titles and hold all 3 in all 3 names then there will be no CGT payable.Anything different add it in as an expense.Not as easy to make a profit as it sounds. Lot easier ways to generate both income and capital.