This will be my second IP (have 1 in Ballarat). We have managed to pay off our PPOR and currently have some funds available for another IP.

I have been looking at the west as it is generally more affordable and the area seems to be growing.

It is a 4Br house, land size is approx 456m2. Asking price is from $340K to $360K

thanks

Hi Terryw,

I also currently have another property that is solely under my name… does this mean that it will also be part of the trust ? (as there does not seem to be any distinction between between purchasing under my own name or under the trust)

Eg Current place of residence is purchased under Richard Smith 
      Investment property purchased under the family trust is also purchased under Richard Smith. How do we then   differentiate which property is purchased under the trust and which is not ?

Just seems to be a bit confusing to me. 

Also, if I am correct a trustee can be removed by the appointer / guardian of the trust…. what happens if for some reason down the road the trustee is 'fired' and all the properties are still purchased uder their name ?

Thanks

Thanks for the reply…. thats what i thought it should be.

I 'assumed' that the name on the title would be ("my name", as trustee for "trust name"). However my conveyancer says that it is ok just to put my name down on the land title… with no reference to the trust at all.

If this is the case, and assuming that in future I want to buy another property under my name only, how does the tax office know which is under the trust and which is under my name ? 

There are also multiple beneficieries of the trust, of which I am one of them.

Does anyone else have any experience in this?