Thanks for your response. What are the current interest rates for such a security? How much would the repayments be over 15 years?

Do lenders still only go upto 60-70% LVR for Taxi Plates?If this is still the case what sort of repayments and over what time period would be expected with a 40% deposit?

On another note, besides following the usual path of getting hammered at a big 4 firm for 3 years and coming out with a CPA / CA. Do any graduates follow the path of getting experience as an Accountant to meet the ATO tax agent registration requirments and look to practice on their own?

Thanks for all your replies and input.I'll finish the initial studies first and work out what I want to do from there.

I see. Thanks for the info.So from a legal ownership perspective, if I've wrapped my property and the transfer documents have not been lodged, and no stamp duty paid, is my spouse entitled to half during a divorce? As in, do I still own it or do the people I'm wrapping it to own it?

Thanks for the info. During the wrap process, are relevant docuemnts lodged with the authorities to signify the transfer of ownership?

Any more additions to this topic a couple of years on?

Thanks for your answer

Thanks for your responses.I remember about 18months ago I had the impression that 100% home loans were only available for high income earners, has that changed now?She worked for two years after high school, had a six month break to travel then rejoined with the same organisation in a different location and has been with them for three months now.

Even if the guarantor is your spouse?

Thanks for your help Richard.
Much appreciated.

Thanks again for your response.

If I chose not to disclose the information to the bank, is there anyway that they can find out?

During the contract of sale between the wrapper and the wrappee, does the OSR notify the bank of anything during the time of stamp duty processing?

Thanks for your response.

If I wrap a property to someone, are they eligible to receive the FHOG and if so, how does this work if the property remains in my name?

And this may sound like a stupid question, but if the banks do not allow you to wrap, how do people do it? Is it done through financiers that will allow wrapping or is it done without…[Read more]

Thanks for your response.

I’m assuming that because most loans are mortgage insured, there’s no way to get around the postcode restrictions, are there any lenders who will lend favourably to non-metro areas, perhaps lenders that self-insure maybe?

Thanks for your reply.

Thanks for your reply. At the time of writing the original post, I was having trouble using the search function in this forum but have since figured it out and found a lot of my answers through various previous posts, but just another question…

Just a thought…

1. I obtained a normal residential construction loan pre approval.
2. I found a…[Read more]

Thanks Richard.

Anybody?

Originally posted by lifeX:
You can have the loan in your name and the title of the property in the trusts name for neg. geared scenarios.

Then, the trust is making a profit. And you still get to claim the loss of the loan interest against your own income.

Called Hybrid Discretionary Trust.

Live, Learn and Grow

Lifexperience

If this…[Read more]

How do you guys manage to get finance at a young age? Do yous have jobs which earn high enough to cover serviceability or do your parents go guarantor on serviceability to get you into finance?