If maximising her pension is the goal it would depend on how much cash she comes out with. If a small amount it won’t make a difference. If a larger amount it might be worth her while buying a main residence.

Yes, I agree with Corey. You would be throwing tax savings away by using your cash to invest.

You mean if you buy as trustee of a trust?

it will depend on the state legislation where you are buying, but you would generally qualify I think.

no.

who pays the ongoing expenses? what about land tax?
How you thought about ownership structure?
How will you fund the deposit?
Do you expect the values to increase?
Any options to renew?
Have you had the lease reviewed?
What is the cash on cash return?
What is the opportunity cost of investing in this – tying up deposit, using borrowing capacity etc.

You should consider GST still. It may not apply on the eventual sale if after 5 years, but there are other issues.

There is generally no CGT on subdivisions – but just income tax. Don’t forget to factor in GST too and you also need to consider structuring the loan so as to maximise deductions. you need specific tax advice.

The end result will be the same either way. You will be paying interest on all loans until the old main residence sells.

You can buy the new property as the main residence and get the reduced stamp duty. A bridging loan won’t change this.

Go for the one with the lower interest rate.

A an oral contract for land is generally unenforceable. It needs to be in writing, but this doesn’t necessarily need to be a formal contract, it could be via email or the back of an envelope. Best to ask your lawyer.

I advise on the legal and taxation aspects of property as a lawyer and the loan aspects as a broker. But I have no connections with developers other than having a few as clients.

I don’t deny that.

A licensed person that you engage to find a property that meets your requirements.

data bases are not like rent rolls. a rent roll is a business you can transfer. a database is a list of names which were collected for one reason or another, usually without the expectation that the details would be sold to third parties.

data bases are not like rent rolls. a rent roll is a business you can transfer. a database is a list of names which were collected for one reason or another.

Consider a buyers agent?

Thanks Bjoern.

Bjoern, what is the fee that this mob charge to sell you a property? Did you ask them how much the commission they also receive on the sale from the developer?

Good work Bjoern. beware of sales people using the word ‘mentor’

You should aks your accountant 2 questions:
1. Why
2. Are you wanting me to spend $10,000 to get back $1000?

and maybe a third

3. Are you an idiot?

If off the plan you have the ability to settle in different names than the contract and do so without extra stamp duty. get advice on s42 Duties act wa.