Check the Office of State Revenue website for your particuar state, but as of January 2004 in NSW you have to live ni the property for 6 months within the 1st year to be eligable for FHOG.

Okay, so a unit trust looks like a good way to go.

But what about asset protection (limited liability etc).

ie what if the tenant sues us – does the trust itself protect us or do we have to set up a company as trustee of the trust to protect us.

Thanks for your replies.

Thanks Terry.

So unit trusts are good asset protectors? In both cases (borrowing with my mate and borrowing with my gf) would it be best to borrow with unit trusts and hold equal shares of the trust?

Not sure about Q but in NSW you have to stay in the place for 6 months to keep the FHOG. Also, in NSW you get stamp duty exemptions under the First Home Plus scheme for places under $200,000 and stamp duty reductions for places $200,000 to $300,000. This will help if you have to pay LMI (Lender’s Mortgage Insurance).

I’d check what the deal is…[Read more]

Point taken. Maybe my question should be more like this:

How do I best go about finding out about different regional areas around Sydney? What are some common websites you guys use for information on growth/population/rental yields and all those sorts of things?

Chatswood – Sydney

No, added to her package is a 2 brm apartment and a car.

She works for a developer up there, and he was doing a big project last year. She was going to buy one of the apartments off the plan on a big staff discount, but he sold off the land before completion of the project, so she has been left in limbo.

Thanks,

Mooda