Hi Nit,Where are you looking at, because different councils have VERY different criteria.  I have been in the process of subdividing my block for 3 years and it is a real pain.  I was also under the impression that it would only cost around $30k – how wrong was I?By the end of this month I will have council DA approval and I know that many o…[Read more]

Terry is partially right.  However, losses do not need to be quarantined – only if you use the wrong type of trust.  Have a look at the Chan & Naylor web site.  They are experts at setting up trust structures and specialise in property.  I am sure they have the exact right structure for what you want.

Buying and selling will trigger capital gains and you may also be up for GST because it is obvious you are in it for a quick tranaction.  This will probably wipe out any profits you were intending on making.  Speculating in property is a risky business – but can be done if done properly and if you intend being in this game for the long term.  Pr…[Read more]

Scott,Thanks for your comments.  I was fairly sure it could be done, just wasn't sure if the private loan needed to be in his name or not.  I guess that if we have a signed loan agreement this should cover it.Richard,You are still supposed to be on leave?  He managed to secure the loan with no problems.  First home owners grant also made a big dif…[Read more]

9ball,I am no expert but I would say that you would be up for a lot of additional and unnecessary costs doing it that way.  Also, in order to get the LOC on your new home you will need to provide security and that would be your PPOR, so you wouldn't own it outright anymore.It would be best to use the additional equity in the IP to buy new…[Read more]