VicNo lenders do not classify Capital Growth as Income.Depending on the actual wording in the Lodoc Declaration a Realised Capital Gain maybe considered.

DanThis is all well and good however you wont be able to obtain finance with most remaining lodoc lenders as the GST registration is less thank 2 years old and is the main purpose of the post.

Vic, You can lodge a Nil return for as many quarters / periods as you like.If the ATO believe the ABN is inactive  they may look to cancel it however you would merely state that the business is pending and you need to retain it.

But the question is do you have the 15 working days or so to spare whilst Anz have a look at your application.Personally wouldnt touch either lender at the moment as the customer service levels (and they are not alone) are absolutely shocking.

process of forming multipule trusts and going garantor against each new trust. Essentially this is a way legally tricking the bank into lending you much more than it wants to. Apparently business banking lenders are much more flexable ?Just to re-iterate it does not work !!!!!!

Dont think they will pushing that barrow much longer.

Pro pack discounts vary depending on whether the deal is full doc or lodoc.Normally for borrowings over 250K  it is 0.7% discount so around 6.15 – 6.25%.

Vic I think it is virtually over as far as a strategy.

DWGYes perfectly legal and a strategy we put place for client all of the time.Especially works well if the property had been your PPOR at one stage in the last 6 years as their is no GST liability.Sure there is some Stamp Duty to pay and this needs to be weighed up but depending on the difference in marginal tax rates and the actual size of the…[Read more]

Hi SanYes i have done it very successfully with a business partner who was a Builder but that is a different story.One of the issues will be financing unless you have a good equity base as lenders do not like lending to property developers unless they can demonstrate a good track record. You wont get normal residential rates and terms if you are…[Read more]

Hi HarlsYes not easy to fully understand i agree.Structuring the loan to avoid cross collaterlising the 2 securities is probably a good idea however you dont want to use your own cash on a deductible loan when you still have a mortgage on your ppor (the interest on this is non deductible).Your mortgage broker should be able to assist you with…[Read more]

Allan do you havd a home loan yourself ?

Settled on 14 blocks of land in Western Qld at $9000 a block Dec 2007.Sold them all and settled Nov 2008 at $38500 each.10% CGT you have to love it.

Hany Wouldn't touch it.  Now too much about First Mac.

Just heard from our Westpac BDM that their 3 Year Fixed rate at 4.99% is likely to be withdrawn by close of business tomorrow.May have just been a ploy to get clients to pay the lock in fee but i somehow think not.

The current 2 year interest with Anz is less than your existing fixed rate so there will be a break cost.You can do a lot better these days than mecu so if you were going to refinance I can think of several better lenders however have to agree with Fud to save a dollar here and a dollar there and find it costs you more than the 2 added together…[Read more]

I agree Terry but good to see a little bit of competition starting to appear.

mj88 As Terry has mentioned you will not need to get the Trust restamped.

Hi BozenaI am based in Brisbane but am not here merely to tout for your business.From what you have mentioned it sounds like your existing loans have been done on a lodoc basis.Your Broker is correct that 80% LVR is probably the maximum you can get on lodoc these days (although the choices there are disppearing by the day) . Unfortunately not all…[Read more]

Hi GCQld As Terry has mentioned Stamp Duty has been done away even in Qld.Depending on your requirements you probably could still do better than the CBA Colonial Wealth Package.