The approved limit is taken into consideration even if it is only partially drawn.

Again will depend on numerous variables.

If it is cash flow positive then no reason why you wouldn't again purchase the property in your name if you are the lower income earner and have sufficient serviceability.

Personally i prefer to buy + cash flow properties in a DFT rather than personal name but that is mainly for a combination of  Asset protection and the ability to distribute the income each and every year to the beneficiaries. 

I think your above comment shows your total misunderstanding of what a good Broker can do for you.

I must admit i would agree with the Broker you approched that i am suprised any major would discount their rates further than the standard for a loan of that size.

Westpac have a standard policy issued out of Adelaide that no loan under $750K is to be discount priced so i hope you got that in writing from Adelaide as the say so from the local Branch will have no bearing when it comes to letter of offer.
All the others are in the same boat as the loan is not particulaly big. Anything over a $1M and then it is is possible.

But your basic misunderstanding comes with your statement that you intend to take the loan out P & I and use your salary to reduce the debt as quickly as possible before you rent the property out. The interest on any funds you then redraw cannot be claimed as a tax deduction and immediately the loan is contaminated.

Back onto the interest rate discount why dont you blank out the names and branch address of the lenders who have confirmed their discounts in writing and post them on your response for everyone to see.

I like most Brokers would deal with loans of $500-$600K every day of the week at the moment and assure that the majors are not interested in discounting. With 2 of them upto $750K only gives you 0.5-0.6% discount off the SVR.

Sure whatever.

Personally i have my portfolio structured that i can live of the rents for the rest of my live and have no need to ever draw on the equity. With a LVR now at 13% over 30+ properties  i expect to have the entire debt paid off in 18 months.

Everyone to their own i guess but LOE is not for me.

As time goes by i will merely start to sell off a property here and there and roll the funds into my SMSF.

No they are 2 different registrations

but isn't the ABN a regsistration for GST.

When you apply for an ABN you then have the option to register for GST.
You are not required to register if you believe your turnover will be less than $75K PA.

In saying this of course you would not be able to declare an income of $75K PA on a lodoc form as no business would have no expenses and no lender will believe you.

95% is available with a few institutions even if you are an expat and you dont need genuine savings.

Sure does.

Friend cannot go on the Title so would want to be a very good friend to Guarantee your loan.

Question is as only a friend would any lender allow the Guarantee….i am doubting it.

Both CGT & the FHOG eligibility are based on the Contract date.

If the purchase Contract is signed on or before 30 June 2009 then the purchaser is entitled to receive the additional Boost.

I live of rental income and have done for a few years now but certainly wouldnt suggest that adopting a LOE strategy is a good idea in the current climate where financing a nodoc deal is almost a dead duck and even lodoc refinance is a very limited market.