Might work out cheaper to get income protection insurance.

Option 4.

Buy a PPOR now get the FHOG and stamp duty concessions if possible (New concessions announced yesterday in SA for apartments, but may not suit you).

Move into PPOR to establish it as your PPOR. Get IO loan, 100% offset.

Move out and rent your PPOR.

Moving in will allow you to establish it as your main residence and keep it CGT for 6 years while renting it (under certain circumstances). And you can get the grant etc. Then renting will allow you to claim all associated costs with the property and to reduce your income tax.

Best of both worlds, but a bit of hassle moving twice.

NEver heard of it.

What law was changed? Sounds like a conspiracy theory to me.

Wow, have you added up all the savings???

Yes, this doesn't make sense at all.

The bank is owed $1mil but they are willing to sell the property to a third party for 35% of this amount.

Having a caveatable interest would no give priority over a bank holding first mortgage. Even with a caveat the caveatee would probably just be an unsecured creditor and would have to wait in line with all the others.

I think it is just govt employees that are restricted?

councils don't approve renting houses. If you have an occupancy certificate then it can be lived in and it is up to you how much of the house you want to rent out.

What is there to ask?

If you want to ask about rental subsidies you would be able to find out from centrelink. But why worry about this as this is a tenant's problem. I imagine that as long as they qualify and have a written lease then they could get a subsidy.

If you are joint owners on the property then the other owner will also have to go on the lease. You can talk to your lawyer about leasing issues.

First question was regardin the complications I think

Well, the tenants won't pay electricity so you will have to work out a formular with the other other on how much you will pay. Same with water – maybe you can charge tenants for usage but better if you build this into the rent i think.
 

Ray,

You are embarrassing those companies you keep mentioning in every post. So far you have made 14 posts and all providing a link to a related website. 

Whats the deal? Are you involved in the company in any way?

You could make a large donation to charity to get your taxable income down.

If your properties are in Vic, you may be able to transfer ownership without stamp duty – or nominal $50. But there may be CGT to pay. Maybe consider prepaying interest for one year to bring forward some deductions.

But, I am not sure if increasing your deductions will actually help with the family assistance.