1. CGT on the PPOR at 20% if sold under 10 years. (exemptions for legit reason to move. ie work family health etc) 2. Land tax of 1.5%, all property, no exemptions (pensioners and other low income groups can accrue this until the house is sold) 3. Death tax of 20% on estates over $1million. – Yer great, work all your life to leave your kids a future to get taxed, on stuff youve already purchased with dollars than have been taxed. 4. No stamps. this should have happened with gst. 5. Family Assist Part S (Senior) – A pensioner can sell up and the proceeds remain asset test free for the pension, if they move into another shared home. The family/young couple (need not be related) would get the rent tax free aand a $5k grant from the govt. We can not end up with 32% of our homes as lone occupants. That is a disaster We are currently at 22%.. this is dumb. 6. NG on new builds only. dumb. 7. GST to 20% and the tax free threshold for wage earners raised to $40k. Increase welfare payments accordingly. doesnt bother me i suppoe, but major tax reform would be nice. 8. Rent increases no greater than CPI +2% by law. Natural disasters aand mining booms are creating hugh rental stress. dumb. 9. Marriage tax rebate. For marriages over 10 years a 3% reduction/rebate in PAYG tax. lol, dumb. you should be able to income split though. 10. For someone who emigrated away from OZ and has been away longer than 5 years, their HECS debt get cancelled on their permanent return.
But how can I obtain a second investment loan with another lender without firstly using the ivenstment property as security plus 20 to 30% deposit, in the form of equity on IP1?
I dont want to move the 110k cash I have in the offset on IP1 because I dont get full negative gearing benefits from that loan.
Also, I do have a broker but havnt spoken with him as of yet as I like to educate myself.
