I am aware of one that goes upto 75% but interest rates are slightly higher.

Hi HobeYes expat loans are relatively standard although not all lenders will accept them.In most cases your overseas income is converted to Aus $ and normal serviceability criteria applies.I have done loans for clients all over the world so as long as your income can be verified the rest is relatively easy.Terms and conditions do however vary so…[Read more]

Hi thereRegretfully your statement is incorrect if you look at a trust to place your IP in you can reduce your tax to 30per cent.I think you may have been referring to a Pty Ltd Company where Tax is paid at 30 cents in the dollar initially and then each shareholder. The Pty Ltd Company would be the Corporate Trustee.Certainly do not leave the…[Read more]

Hi DI think you are getting yourself confused.ABN stand for Australian Business Number and if you are in the process of carrying out a business are required to register for one when your turnover > 75K. You are still able to register voluntarily where your T/O is less than $75K. Holding an ABN has no bearing on how you will hold a IP.The ABN will…[Read more]

When you consider you can set up a Trust for around $400-$600 (depending on whether you do it yourself) it is well worth it.Even adding a Corporate Trustee is only these days going to cost around the same amount with the reduction in ASIC fees

Hopefully i answered this in my earlier response.

Hi AndyYes many of the securitised lenders have minimum length employment requirements.You may find this is common place with the smaller fringe lenders.

A buyer can terminate using any of the conditions in the purchase contract.They may have advised you that the Building & Pest report where acceptable as if they had terminated using this clause you have a right to request a copy.With regards to the finance clause the terms need to be acceptable to the Buyer and therefore very little you can do.…[Read more]

DNo as long as the securities are not X Collaterailised where you may have to offer additional security by way of cash or property and the sale price will clear the loan the lender will have no say in what you sell the property for.

Thanks Maria for your useful first post contribution but just to let you now most mortgage brokers provide free advice this is not limited to Lawfund.

JonAs i say i disagree. We run a small sized development company (maybe do 40 units a year) and have never had a project overun to that extent.At $205,000 for say 120 sq M that $1700 / Sq M and take off say a Builders / Developers margin you are down to $1380.Add on Council contributions, other soft and hard and land acquisition and you must be…[Read more]

In Qld you certainly would be up for additional stamp duty for the transfer so hope you are away from the Sunshine State.

If it is any help prices in Brissie are certainly not going backwards.Must admit I can't comment about the rest of the Country but there is still plenty of demand up here.

JonHave to disgree $2000 / Sq M never.  We work on around $850 / Sq M for a 2 storey Townhouses admitedly that is at Builders retail pricing.Certainly with all the extras you maybe upto $1800 but certainly not construction costs.

Hi AndrewMight want to try and do a search on previous posts as has come up many times before. I think Steve has posted a correction to the interpretation many had got from his previous statement.

Very old wives and certainly not fact.

Hi TuggerIO = Interest only.  Some lenders will offer the loan over a given period of time others for the life of the loan.Regretfully you wont read about tricks of the trade in a book or website.Simple solution would be to contact someone like Terry and get him to structure your loans for you and learn as you go.If you want to learn something…[Read more]

BootstrapsAre you looking at wrapping the deal or have someone else who is looking at doing it instead.If you are are looking at buying the and wrapping the property then finance for your client is not relevant. You would purchase the property in your name  / entity and then onsell the property using an installment contract to your client.Terry p…[Read more]

Why not work on say $110 / – $120 Sq M so if you build a 85 Square Metre Townhouse then expect to pay around $93,500 $100,000.This does not include driverways, fencing, landscaping etc.I am lucky enough to have a builder as a Business partner in one of our Companies so cant make any real recommendations in Brissie..To knock a house down and…[Read more]

Terry beat me to it. Didnt get back from walking my dog and dropping the kids to school in time.A loan in your name or a Guarantee in the capacity as a Director or Trustee is still treated as the same liability.Only concern I would have is trying to claim the interest expense in the Company when the loan is in your personal name but your…[Read more]