I would think vendor financing would be an obvious way to go,with terms that allow your parents to keep the part  pension. It may be an interest free loan  with X amount paid  periodically for X amount of years, or interest only loan which maybe better for tax purposes. It may be possible for your parents to pay rent to your brother and receive rent assistance from centre link.  You may also want to get advice from centre link, before you see an accountant and lawyer as often they dont give the best advice.

ANZ might have low rates, but can be very costly as they are  the hardest bank to get new finance from if you want to snap up those bargains. Saving a few measly dollars in interest can cost you  hunreds of thousands in lost  opportunities You need a bank you can ring up and say I need  X dollars to buy Such and such and get the answer the next day and honour their commitment.

 A home is the most important asset you can have. If its a liability you would sell it.     It can keep you warm, it  can keep you dry , you can store your stuff in it including food  which you can also cook and eat in it, you can be entertained in it, you can even do buisiness in it, including buying and selling things like shares, commodities and property.  If this isnt enough  you can leverage of it   by buying assests that make you wealthy,  and at the same time give you tax deductions so you dont have to pay tax.    NR if your home is a liability  I will take it off your hands and there is no need to pay me.

So Sri what your saying is you want to buy property that yeilds over 15% ,  let me know when you find some. I will take some,
  I would expect you might have to lower your expectations.

     ?  What crash ??

Proprerty Jockey,  Why dont  you sell your house and buy in an an areas  where you can get good houses in  the $ 50- 150,000 price range, and plenty of jobs.   Then have  $400,000  for investing  or starting a buisness.  You would probably find you could earn more money too if you needed to or wanted to work. 

           STAY AWAY FROM  QBE,      had   a  claim for fire on a vehicle,   the same time the final repayment was due.     The finance Co wanted to be and was paid out by me.   QBE 's solicitors made up a heap of lies as to why they shouldnt pay, after about 2yrs of hassles and court cases,  QBE had to pay. But they refused to pay me they said they had to pay the finance company even though the loan had been paid out.      The finance company said they had no authority to give the money to me and they dont know why QBE sent it to them.   All  QBE would say is you will get your money eventually,  but do abslotely nothing.                            After  3  years I got a call from a new employee at the finance company saying there books dont balance and they owe me some money.            Had a claim for property at the same fire with   CGU  .    No problems.  Assesor came out  almost immediately  asked  what I thought was the cost of damage  even though slightly inflated, said that sounds fair and  I had the cheque in two weeks no questions asked.           Yet  QBE wondered why I  didnt renew my policies with them.

 Hi  kong,        You could  use defered purchase agreements.   You can use the Royal  Bank of Scotland for a 100% loan  with 3 years interest in advance. the interest rate is about 3-4 %, there will be  a cost of about 1% for hedging and 1% for capital protection insurance.  Total cost of loan is about 6 %.  I think you have your sights set low your   $20,000 savings could get you about  $140,000 worth of shares now.   you  should also  get a divedend of 4-8  %  every year on the $140,000. The minimum loan is $ 50,000 if this is all you want it will cost  about  $7,000.    After 3 years the loan will have to be repaid. it is a non recourse loan. the interest rate is low because you have insurance against your assets falling in value.  All you have to lose is the interest you paid up front.          Kong where are you, I may be able to point you in the right direction.

 Well,   eloi  I must be foolish, but  I dont see the point in worrying about something that may or may  not  happen.  If the sky falls there is nothing I can do about it any way.                Australia is having a commodity boom that will only get stronger in the next few years.     The only thing holding us back is lack of workers this will cause wages to rise, and tax deductions to be sort.(investment Properties)  Dont under estimate the financial revoltion in China, with land now being able to be used as colateral,resulting in millions of chinese having a huge increase in spending power.                   Australia has relative low  debt and record high wages and record high savings. Debt can be good depends what it is  used for.     It is obvious why your not a financial planner , if you  got   you got  6% interest you would loss 2.5 in tax and 3% with inflation.
    Even if  there is  a recession so what,  I am sure most of us will survive manage to fill our tummy and have a roof over our head. And there will be lots of oppurtunities and it will  pass, so bring it on.  I like a challenge life is more satisfying meeting challenges. So meet it  head on or go and put your head in a gas oven.

There is an old vietnamese saying which roughly translated means there is only 2 times to do something, there is yesterday if not  then, than to-day.