To correct a couple of previous posts:1) I heard that if you buy in your own name you have access to more lenders as opposed to a Trust which has only a few lenders?Hate to say this is not correct.2) Another issue is that if you make a loss in a trust, that loss cannot be offset against any personal gains.This is only the case when the property is…[Read more]

Pat the after sales service with Suncorp is an absolute disagrace.

Might get 80-85% depending on a few factors.No you would need to make the constribution into your SMSF an then borrow in the Fund name.A NR is a loan where if it falls over the only security the lender has is the property itself. They can't recover any loss from any other assets you may own within the fund.

Funny how great minds think alike.Terry has highlighted the 2 lenders i am using predominately at the moment for a variety of factors including pricing, product range and service levels.

Hi joshua, yes you are able to purchase property in the name of your SMSF and borrow funds to support the purchase.

The fund is able negatively gear the property and claim any depreciation and building write off. As the loan is a non recourse loan mortgage insurance is not available and the LVR is reduced.

You would need more than $50K in your…[Read more]

ING & Bank West announced a 25 Bp's increase within 3 hours of the decision.I think they will ALL increase their rates.

GROne of my favoured lenders and a good suggestion.Their servicing model is however not one of the best and they charge a monthly fee for the 100% offset account.

balniksWow before you go on any further just be a wee bit careful.From what you have said you will be living in the new home and intending to rent out your current PPOR.If this is the case remember the interest on the land and relocatable home will be non tax deductible and interest repayments will be made with after tax dollars.Also only the…[Read more]

Get RichIt would depend on a lot of factors however ideally a lender that helps you grow and grows with you.Sausage factories like Mortgage Choice merely place loans with whoever they deem fit. Most of the consultants have limited knowledge on structures on how to get the most out of a loan and take the easy route.Just make sure they dont…[Read more]

Tam i have several clients who bought at Meadowbrook leasing the properties out to the university students and have nothing but praise for the area.At Xmas when the property becomes vacant for a week or two they go in and carry out any annual maintainance etc but is most cases the students want to secure accomadation for the coming year so the…[Read more]

Get richHate to say you will certainly not find our mates at the NAB as competitive as many others especially if you intend to eventually rent the property out down the track.Due to the banks size interest rate negotiation is not high on the agenda and the rijid way they do things is slightly behind the 8 ball.I certainly use the bank for deals…[Read more]

JoshuaYou may not want to know…………… be circa 2.42%

Gav,I think you will the value of the asset at the time of the sale will treated as hers rather than mere disposal figure.Under the Assets Test you are only able to Transfer an asset to a related party where you receive a financial benefit when the valuation of the asset is taken into account and not the amount of consideration.This stops you…[Read more]

Gav,I think you will the value of the asset at the time of the sale will treated as hers rather than mere disposal figure.Under the Assets Test you are only able to Transfer an asset to a related party where you receive a financial benefit when the valuation of the asset is taken into account and not the amount of consideration.This stops you…[Read more]

Ben, Yes certainly does.Just remember the requirement to be GST registered is a turnover > 75,000 not an income. Big difference.

Wow what is this guy on.

DaFizYes you are better of to use the Banks money for a non tax deductible expense and your money to offset or reduce your own home loan.Without knowing the details of the property (age, amount of depreciation available etc) i am unable to advise you what the weekly shortfall would be but you are not going to be a million miles away.Remember any l…[Read more]

Hi JoshYes there are a couple of other mortgage insurers.95% maybe possible with 1 or 2 lenders as long as the rest of the deal is strong.

These deals are done on a deal by deal basis.Normally you are looking at circa 67-75% of GR, interest rates can vary from 9.5- 20% depending on the strength of the deal and on how much mez funding is involved.

These deals are done on a deal by deal basis.Normally you are looking at circa 67-75% of GR, interest rates can vary from 9.5- 20% depending on the strength of the deal and on how much mez funding is involved.