Hi Monster

Good to have a fellow Pom on the forum as sometimes i get out numbered by the locals.

To answer your question yes all of the interest payable under an investment loan is deductible against your income however do remember that all of the rent earned is also added to the same income.

In the case of the property being positively geared then you will be taxed at your marginal tax rate on the surplus.

It is for this reason that structuring your loan correctly and ensuring that you use the correct entity to buy the property i.e Discretionary Family Trust is worth considering.

An initial mistake can cost you $000 in year to come.

And they are also franchised which means the information you get is as good as the individual who owns the franchise.

They are not Licensed to provide investment advice.

Try http://www.aussiestockforums.com
 
and for trading i use Interactive brokers.

To add a few more maybe evidence of savings and proof of existing assets.

Just beware and ensure they are experienced in Trust & Investment structures as most have absolutely no idea.

Also beware of any suggested cross collateralisation of securities.

Jamie

Just be very careful adopting that strategy as your current lender will want to X Collateralise the respective securities especially if you are borrowing 100% plus costs.

Mark my words your lender will not structure your loan in a manner that detracts from their security.

A good independant broker familar with Investment & loan structuring would be the place to go even if they put the deal back with your current lender but structure it correctly.

Once you have do it once it is too late to go back with cost and anquish. 

Don

Having had the Investor Club sell several of our devlopments over the years going back to the early 1996 days I can assure you that they do not declare all of their received commissions to the the buyers.

Furthermore the properties on average do not value up and they blame that on the valuers and not 2 tier marketing.

Wasnt sure KY was still calling himself that these days thought he may have reverted back to his former name under which he went bankrupt.

Alistair

Are you referring to $200K each or between them.

If the later then a think a No Doc GR loan to that LVR will be difficult at a sensible rate.
Mez finance is always an option but is getting more expensive by the day.

Is there any other security other than the cash injection.

gmh

No its a laurel and hardy double act.

Depending on who your lender is they can vary the terms of the loan including the interest rate with merely an appropriate period of notice to you the customer.

The majors have moved a couple of times this month (2 of them on Anzac Day which was really appropriate) without any increase in the official Cash Rate.

Certainly pays to look around and see what you can save now.