BluegumYes as Dan mentioned you can backdate the GST registration but not sure i would go back 2 years.Lodoc loans are primary for self employed clients but there are still one or two lenders (unfortunately some of the better Lodoc PAYG lenders have gone) who under a given percentage will accept PAYG clients also.

She will be treated as a dependant whether she is included or not.The lender will still classify it as 2 Adults in the household.If you wish to add her to both the loan and title then you would need to have the purchase contract amended or depending on which State you are in the Nominee Clause showing her inclusion and the letter of offer and…[Read more]

Why wouldn't you include her on both the Title and the loan but not declare any income for her.As you partner she wont be able to access the FHOG down the track so might as well include her here.

Sally Been a while since i did a loan for a client to purchase in Cyprus (in fact back in my UK days) but it is not that difficult just a mountain of paperwork.Cyprus is not only a good place to buy but as a Mediterranean island it is mature and sophisticated when it comes to its  mortgage market.  What this means is that there’s a great deal…[Read more]

LinarNo nothing has changed for the better anyway with most lenders running a mile as soon as you mention a HDT structure.Certainly on a lodoc basis you have very little option but there are one or two lenders left who will consider the application on a full doc basis.With interest rates starting to fall more and more properties are becoming cash…[Read more]

Hi HelpRYou are correct many lenders will treat it as a commercial loan but dependant on the size of the acreage, location and type of property on the acreage a residential loan is still possible.Of course LVR is also an issue as mortgage insurers are not great lovers of big acreage propertties however the above is a guideline.If you want to tell…[Read more]

Hate to say some of the State legislation in relation to wrapping has changed a lot over the last few years and a lot of this information may now be inacurate or incorrect.

It is funny all of a sudden in the last 6-8 weeks we have received more finance enquiries from Expats than we would have done in the previous 6 months.Interest rates on the decline and the stable property market makes Australia a great place to buy affordable housing.My strategy has always been to purchase + cash flow properties as use this…[Read more]

Hi JuliePersonally i would avoid Wizard like the plague but cant comment about Aussie HL.I left the UK in 1993 and started my own business here in Oz 18 months later after spending a year and a bit with one of the major Banks. Rather than work under an umbrella like the 2 mentioned have you thought about merely tagging up with a normal MB who has…[Read more]

Yes as i say the 5 majors vary including your current owner.

At that LVR on loan amount I would be looking more at the Mortgage Insurance premium each lender will charge rather than whether you will save a 0.01% here or there.Over $500K the premium rates will start to climb with some lenders (depending on which one of the insurers they use) and could vary between 1.97% and 2.57% (just checked 2 lenders…[Read more]

Raymond, i think your 1% is slightly optimistic.4 of the 5 majors use minimum 1.5% above SVR and all 5 use a different HPS figure.1 of them uses the actual repayment rate if the loan is fixed whilst the others still use the variable rate.The percentage liability of your credit card limit varies slightly with each of them with 2 using a nil…[Read more]

MichaelYou are so right there my friend.i think you get better value in the meat for your dollar at the mo.

Good call donnac. Maybe after you check with olde Neil you might like to check the Qld Office of Fair Trading website. DB and the OFT have had more than words over the last few years.Wonder if she is still promoting Buffalo as the next big investment area !!!!!

Yes you could do that but the subdivision would effect nulify the exemption status of the PPOR in relation to Capital Gains Tax.

DaveI think it depends on many things.If a $2 Company was providing the Guarantee then I would be a wee bit nervous about buying the property as you will probably find that the valuation on the property factors in the increased rent and the price is inflated accordingly.If however a rental assessment from a couple of local managing agents confirm…[Read more]

DaveAssume you have a surplus of say $2000 / month and you divide it by $8.34 it gives you a borrowing amount of around $240,000Sorry in the above calculation i forgot to deduct from your expenses your living allowance which is taken usually from the Henderson Povery scale and is a anticpated expenditure scale the Banks use. 2 Adults and say 1…[Read more]

Hi DaveThe amount of equity you have has little bearing on the amount you can borrow unless it is under a lodoc style loan.Banks work out the amount they will lend you under a variety of serviceability calculations working out your income and expenditure.In a nutshell they will take your net monthly income add to this the expected rent at say 80%…[Read more]

ClareWould need to now more about the whole deal first and your specific requirements and needs before recommending someone.

Dont think it is a matter of anything actually being on PE radar just a matter of wishing thinking.