Jamie M wrote:
Saving a 20% deposit will take some time. I'm not sure how much properties are going for in Alice Springs but if you were to purchase something for around $300k, you'd need to save a $60k deposit as well as the funds to complete (stamp duty, legal fees, ect).

With a combined income of $130k and no kids this should be fairly…[Read more]

I'm not particularly au fait with the finer details of trusts, but from reading Dymphna Boholt's "From Virtually Zero to $3.5 Million in My First 18 Months in Real Estate" the impression I was left with was that only a very good accountant could keep track of the complexity of such arrangements, and I've never met an accountant in whose faith I…[Read more]

EHCC wrote:
Hello to all of you people on here. This is my first post. I have been very busy reading all the posts etc and i tell you some of your are switched on investors. I wished i started sooner. The dude who posted a video driving all night to a secret town looking at the burnt out house and making 30 offers has inspired me. Sorry but i…[Read more]

EHCC wrote:
Hello to all of you people on here. This is my first post. I have been very busy reading all the posts etc and i tell you some of your are switched on investors. I wished i started sooner. The dude who posted a video driving all night to a secret town looking at the burnt out house and making 30 offers has inspired me. Sorry but i…[Read more]

Since foreign nationals can own property in Australia, I'd imagine that none would be needed at all.

Hi Ben,Don't bother with the HP arrangement, it will make zero dfference to your ability to apply for a loan. Banks work on specific low-risk criteria which include:- must have been employed in the same job for 12 months- must be able to show a history of saving at least 5% deposit- must pay Mortgagee Insurance if borrowing over 80%Your best bet…[Read more]