what about the tax consequences?

probably capital works. You should get a depreciation scedule done as it sounds like you don't have one. you could be missinh out on thousands in other deductions.

No, they are different rates. but you should get a discount on the professional package.And remember, you may not even need the LOC, but a straight forward loan may do too.

It is called the equity access loanhttp://westpac.com.au/internet/publish.nsf/Content/PBHLRF+Home+Loans+Fees+and+Charges

A will a only for gifting after you die.Transfering property while alive means paying stamp duty at market value – no matter if you give it or sell it for even $1.

You will need to convey the title into the new owners name. So you will need a coneyancer or solicitor to do this.You may also want to consider the tax consequences, if any -maybe also pension consequences.

Also you don't really need a LOC, you could just have another separate loan for the new portion. make sure it is IO though. ANd, yes Westpac for have one too. If you are borrowing to invest, then the interest should be deductible on this borrowing. It doesn't matter what the security is.

and if you did claim it you may be saving a few hundred $$$ but loose thousands in CGT

I agree with Scott. Get a high a loan as possible and put all spare cash into a 100% offset. otherwise you will be borrowing money (redraw) again for the new main residence and this interest won't be deductible.

contracts for land are not binding unless in writing – generally.

Generally around 8% of the rent as a management fee and probably 1 weeks rent when finding a tenant.

The bank will look at the value of the loan against the value of the security. Your shares would be unencumbered so they won'play a part in the calculations.

You can get loans overseas – usually from Australian banks with branches overseas. eg NAB Japan at around 2 to 3% interest. But you must be working in the country in which you take the loan out and earn money in the currency of the loan. If you leave the country you may have to repay the loan or renegoitate it.See Ducksters post for St George's…[Read more]

mattyk_75 wrote:
One Direct's minimum loan amount is $100K so it looks like I'd have to refinance elsewhere where they have a lower min loan amount. That's not all that bad as I had the property valued back in June ($330K) and they won't do another valuation until Jan/Feb at the earliest. Seriously contemplating breaking the fixed loan at the…[Read more]

I use bankwest – no monthly fees and high interest – but need two accounts – one transaction which you can deposit and withdraw from and then transfer the money from that to the high interest one via the net.

Start by reading as much as you can. There are many useful books out there – buy just one or two, stay away from the american ones too – and then read as much as you can here and at somersoft forums. ALso learn to use excel and play around with various scenarios on the spreadsheets. I wouldn't pay for any courses.

Have a look at the tenants union of victoria website, heaps of good info available there http://www.tuv.org.au

Just fax them asking for a copy of your file and they will provide it free via the post – within 14 days. If you want it faxed or emailed the same day it will cost you.

I think a testamentary trust can be setup after death. So, it may be possible – see http://www.taxlawyer.com.au

mattnz wrote:
Hi Richard, What is wrong with the St George offset account? I have just set one up for my new IP so would be good to understand if there are any pitfalls with it. Thanks, Matt

St G's offsets come in 2 or 3 different versions. One (or 2?) version takes any savings off the principle. So with an IO loan and money in the offset,…[Read more]