No, just go on your own. Jointly borrowing will hurt serviceability later. Also beware with adding or naming or distributing to parents from a trust as it can affect centrelink entitlements.

1 day may be enough in certain circumstances, under 80% LVR.

Equity = Value – loans.If your house hasn't been built yet, then there is no value. So you will have to wait.Even after being built you may not be able to utlise the equity. Banks will only lend a percent of a property.Having a trust is a good idea, but it will not help at all in the borrowing of money. Probably your biggest obstacle will be…[Read more]

It is a popular question these days.Newby, don't forget you will be getting rental income too. But essentially you are right, borrowing capacity will depend on your capacity to service the loans – or to demonstrate serviceability (people can often service much more than the bank thinks they can).

At the risk of sound old, I agree with you wealth. Young people just want everything now.

Sure will be problems with no job.Maybe you could work with a partner who can qualify for the finance? Or keep working while renovating.

I read a bit of that website.It seems they offer a 20% return min pa over a term of 5 years. What is 5 x 20?

I will just make my own ATM I think.But sersiously, what about all the ram raids and blowing up of ATMs that would occur, and the skimming etc. I guess this would depend on location though.

He RaeThats interesting, but 40% of the house would be subject to CGT and land tax issues too.

Is the money inside the ATM included?

Sounds like a good return. Don't beleive the agent about the rent but do your own research.You also need to consider the area.

Since you own your own business and work from home it may be best to rent. You can keep the previous house as you main residence an have it exempt from CGT. At the same time you can use a portion of hte place you rent as you place of work and thereby claim the rent. Just start buying investments initially.Since you are self employed a trust will…[Read more]

You will probably pay stamp duty if you gift it to a trust.

Once you get them, where do you put them?

PMI changed into QBE somehow.

If the car is used for business and the interest deductible it probably would be ok, but otherwise it won't be good to mix investment and personal expenses.

Its called gearing.You use a small deposit to buy a large asset. it then grows, hopefully, and you have made more than if you just invested your money.

You should change your home loan to IO asap. Otherwise you are diverting money from your new PPOR. You could also consider using the savings from there to pay off the car loan asap as you will be paying a higher interest rate there,

I have done both. They work, but I found it not worthwhile. Too hard in many ways and too time consuming. It may be different if you do it on a large scale though

hi ScottGood points, and you are correct.in NSW under the Conveyancing (Sale of Land) Regulation 2005 <!– /* Font Definitions */ @font-face {font-family:SimSun; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-alt:??; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 135135232 16 0 262145 0;}…[Read more]