If the other party doesn’t have your signature, they cannot enforce the contract – this applies only to land. Whether you have their contract is irrelevant they can still have a binding contract if they have yours. check with your solicitor.

Terryw
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To place a caveat over property, I believe you have to have some sort of interest in the property. Being a director and former trustee and a beneficiary of the trust that owns the shares in the company that owns the land should be enough.

So just go to the land titles office in your state and fill in the short forms. Shouldn’t be too hard to do on your own, and cheap too.

Terryw
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Hi

I think zoning varies from council to council so it is hard to say.

If there are two titles, then these should be able to be sold separately. Whether you can move a house or not depends on the local council regulations and approvals etc.

Terryw
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One disadvantage of land is the high holding costs. There is no income coming in, usually, but you still have to pay interest and rates.

Having a high deposit is fine, but you should probably only pay a deposit if you have paid off the loan on your home.

Terryw
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Yes, a few lenders will lend for NZ properties from Australia. eg. Pioneer mortgages.

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Get a part time job while at uni, save as much as you can, and before you go for a loan application change to full time. Your work history will help, and the added income will too. Once you have the loan, what you do is up to you.

Also register an ABN now. This helps is getting low doc loans later.

If your parents have equity, you may be able to borrow some money and start off that way. But be careful.

Terryw
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Hi Morty

I don’t think you should have a problem. As long as you and your partner could service the loan, you should be able to get the loan for a company.

And I think having a trust is still a good idea – asset protection and will help in income distributions. But have a different trust to your buy and hold.

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If you were to put it in the mil’s name, then she could claim it as her main residence and be CGT exempt. Will save you going on the loan too and will reduce your risk and preserve your borrowing cap. Maybe you need another written agreement on profit sharing, and at least a loan agreement if you are lending her the deposit.

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You need to use a legal team from the state your property is located in as laws differ from state to state.

Sometimes a conveyancer is all your may need, but their job is just the conveyance – changing the titles into your name. But sometimes you may need someone broader, with more legal skills, eg contract problems. Some legal problem may pop up for example. This is why i generally favour a solicitor.

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If your partner’s income is high enough, you may be able to get thru on that alone. Off the top of my head, I think temping will require a bit of a longer history, 12-18 months at least, before the lenders will take it into account.

There are no/low docs with no ABN requirements and some with 1 day ABN requirements.

Terryw
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