If a deal falls over and the bank sells you up, they are likely to be able to come after your other assets whether they are mortgaged or not. The only real way to protect other assets is to not own them – have another person or entity own then, preferably as trustee. Another possible way to protect them is to allow another party to mortgage these assets.

And watch out in putting assets in another person's name – what will happen if they go under = your assets may be taken!

For a lender with low exit fees and a good rate look at Bank West.

Do you have someone else who could help out by being the director of the new entity? ie someone to help on serviceability?

Just getting the approval could add a fair bit to the value. Weigh up the costs v the value with the DA.

Banks don't care whether a property is positive geared or not, but the more rent the better. They all have complex ways of calculating serviceability and most will only include about 80% of the rent, they also assume you will spend a certain amount each year on living expenses – roughly $15,000 pa for a  single person. Then you have to declare credit card limits and most assume you are paying 3% of the limit each month. Plus some, most, assess the loan at a higher interest rate with some assuming you are paying PI too!

This can make things difficult.

You will need to speak to a solicitor. And work out how you are going to do it.

One way is The title passes to you and you pay him in installments. This would be only possible if he could pay out his loan on the property if he has one.

Another variation is the wrap with the title staying with the uncle until you make the final repayment.

Another, is he lends you the 20% deposit and you borrow 80% with a bank.
There will be different tax implications depending on which method you use and if the property is subject to CGT etc.

I would say since you are going to be moving out and renting it, you should make it IO immediately. Try to get a 100% offset account lined and put all spare cash in there – this will be the same as putting it in the loan in terms of interest savings.

It all depends.

it could be nil if you do not own any other property.

You need to tell us what it is worth now too? or what you can sell it for?

Just think of the trust as another person. The trust buys the property and takes out a loan to do so. The money released goes to you to be used as you like. The trust can claim the interest and other costs as it is investment related. If the rent received is greater than the expenses, then the property would be positive cashflow and the income could be distributed to various beneficiaries at the end of the financial year – at the discretion of the trustee.

You should talk to an accountant in conjunction with a mortgage broker as you need to work out who will be the trustee, appointor, named beneficiaries etc. All of these have implications for tax and loan issues.

Also be aware that trusts cannot distribute losses and you may pay a bit more land tax.

ANZ may be able to lend for 6 units on a residential basis, but probably the LVR would not be high enough to assist