There are many things to consider including affecting her pension or future centrelink payments.

Hi Viktori

To get the grant all of the owners will need to be first home owners – so your dad cannot go on title. If he retains an interest in the property, but his name is not on title, then you would be acting as a trustee for his share. This can make things complex. Title will not show him, just you two and if there is no mention of the trust anywhere the Office of State Revenue would not know about it.

Your dad would be unable to control the property from that point. He could lodge a caveat after settlement and this would mean you could not sell or increase the loan or even change lenders without his permission.

you will also need to consider if he wishes to leave his share of the property to someone else too. how would he do this without being on title. it would be possible to do so via wills but is comlex again.

Stamp duty would have to be paid at market rates on the value of the property being transferred. So if he comes off title, you two will need to pay 100%.

have a look at the documents on http://www.bantacs.com.au

You cannot claim the deposit as this is not an expense, but capital. Interest is claimable. Not sure where plans etc come into it, but think this are capital costs and come off the CG when you sell – but this would depend on whether you intend to build and sell or to keep and rent out.

you could claim the interest on the increase while it is being used to fund an investment, but once you move into it you cannot.

you could sell half of IP1 to husband, but you would have CGT and stamp duty to worry about.

Maybe you should look at setting up a LOC and using this to fund any shortfall on your investment loan and to pay all expenses. The money you would have used to pay these should go into an offset account attached to your exisitng PPOR loan and then when you get the new PPOR change to a offset attached to this. Also change the exisiting PPOR to IO to keep the balance highish to save tax when it becomes an IP. If you have a good accountant, you may even consider paying all the interest on your investment loans from your LOC – this should be possible as long as you are not doing it for tax reasons!

I think Hard is correct, but I am not an accountant so best to check. A way to avoid this is to move in and then out again and the 6 years will start again from the date you move out.

I talked her out of doing it that way by saying they would sell the property too cheap and come after her for any shortfall, plus it would ruin her credit rating. She listed it with an agent and it was sold quickly. Happy!

All the info is out there, but sometimes going to a seminar can really jolt you into action and motivate you

Hi Ss

Just make sure you run your idea by a solicitor as you may need a prospectus for something like this if you are attempting to raise funds from the public.

One way to guarantee a price is to not accept anything less than you want! But you will have to be realistic if you wish to sell. Most people put their home on for a price higher than they actually want and then give a small discount when asked. you never know, you may get more than you really want.

I think that Destiny recomend St George's portfolio product. It is a great product for a LOC, but a slighly higher rate than the standard variable loan.

I to would never recomend cross collateralising your properties – too restrictive and hard to untangle later. And, if you are going to get a LOC i would recomend you only do so for the excess equity in your property. Using a LOC for a standard investment loan could be a disaster from a tax point of view.