Thanks all. May be we haven't talked to the right person. I will try to contact CBA next week.  @ Banker: We have talked to Westpac. They have no problem lending to Individuals for the block of 6. However, if we want to buy under the Unit Trust name, they will classify the loan as Commercial Loan with commercial rate and only lend 70%.@ Richard:…[Read more]

Hi Paul,rThanks for your advice. Yes, we would feel much more comfortable if we can set up a Unit Trust with the Family Trusts being the Unit holders. And now, considering the Land Tax issue, that structure is even more appealing.If you don't mind, could you tell me if you had to borrow the money to buy the property you have mentioned with the…[Read more]