cool thanks for that.yeh apparently 7.5% was the going rate, but becaue we bought property via them, they gave us the discountwould luv to hear from others if they think/experience the same/differently

thanks guys.good point on the max loan – deposit figure.  i'll prob go down this route.cheers

thanks scedd.  yes im australian too and i would imagine that would mean im eligible for the FHOG alsoconsidering that sum + stamp duty concession for 500k property is about $23-24k, it is not insignificant at all when you also include the compounded interest saved over the life of the loanand no living with my gf does not consitute a spousal…[Read more]

Richard,but if she takes out a separate loan to be put towards the property, wouldnt that mean that she would be a co-owner and hence i wouldnt be eligible to the FHOG on this property (since she as an equity partner has already claimed the FHOG previously)?and at most, i'd only benefit from 50% of total property price exemption from stamp…[Read more]

this might sound like a silly question, but am i correct to assume that the $50k gift has to be funds that she has available ie can not be drawn from her existing mortgage? ie refinance her loan to withdraw $50k to give to me for this purpose?thanks again

Hi Richard,thanks for the informative response.with regards to your comment about 3rd party mortgages: "You wont find in the current climate that would be acceptable ", can you elaborate on why it wouldnt be acceptable? in what sense wouldnt it be?im interested more in what you said about gifting the deposit and registering a caveat against it.is…[Read more]