Hi guys,Thanks for the replies.Our original plan was something like a rent to buy idea, but the only drawback with that is we would have to pay stamp duty (again) when the house gets transferred into our names, and my mum will be liable for capital gains.We thought if we can buy the place and have it in our names from the outset, we could avoid…[Read more]

Hi Lincoln,Thanks for your reply. Yes the government incentive is from the adult apprenticeship scheme.I was actually thinking I would have to sell at least one of my IP's to reduce my overall debt, which would also increase my deposit.  I guess I should go and see a broker to see what my options are.Cheers.

Hi Chris,I have just finished building a couple of houses this year.The main things I have found you need to watch out for are increasing costs, especially where an 'allowance' is quoted.  For example one of my houses had an allowance for footings of $10000.  The end cost was $25000.  This is an extreme example but you should have some extra mo…[Read more]

Thanks for you help guys.I thought I was on the right track but wanted some other opinions.Cheers.

Should have also mentioned I don't own a PPOR.  Currently renting.