CGT too as well as legals and new loans. GST too maybe.

Using a trust won't help you borrow more either.

yes

Good in theory, but virtually impossible in practice.

In Australia you would have stamp duty to pay so you would need to resell it for much higher to make a profit.

You should really get insurance if you have an interest in the property. What if your vendor has a high mortgage and failed to insure the property and then it burns down – you would have to go to the trouble of suing them and if they don't have money or assets you would be wasting your time. Insurance may only cost you $70 for a month or so.

The trouble with this is if you want to use the money for personal expenses the interest won't be deductible. What if you want to buy a home to live in?

The main problem was people distributing income from discretionary trusts to children.

Imagine before a family with 10 kids = $26,660 in tax free income each year.

see the rates herer
http://www.ato.gov.au/individuals/content.aspx?menuid=0&doc=/content/20046.htm&page=5&H5

Otherwise everyone would be saving tax by putting stuff in the names of their kids.

A few years ago it was up to $2,666 with the low income tax rebate, but they scrapped that.

Kids can only earn around $416 in passive income and then they are taxed at penalty rates.

GST doesn't normally apply to residential property, but because the property is a serviced apartment then it might, especially if they are insisting on charging GST to the tenant.

You should get tax advice on this as it would be painful to find out that 10% of the sale price would need to be given to the ATO.

Tricky one.

At least you should be able to hold onto the GST for a while in your offset account and it will help you save interest on your home loans.

You would be borrowing to purchase an asset for an investment property, so I can't see a problem with it. If you were to ever move back in the whole loan would no longer be deductible so cant see a problem there ether.