Hi Post

To a certain extent i agree with Steve but think there are other issues to consider first.

With your current structure the loans are crossed collateralised and it does not matter what you do this will not change unless you instigate an action plan.

What you need to do is free up the equity on your current PPOR by having the IP securities stand alone.

Then you need to consider selling your current PPOR to a Trust structure but you need to weigh up the additional costs triggered in this action. This will include stamp duty and how long it will take to get back. Work out your marginal Tax rate and divide this by the Capital cost.

Also look at whether holding the property in Trust will mean more Land Tax each year.

Your mortgage broker should know his way through the securiity issues and guide you through the process.

Hi Stu

Dont want to disagree with you but i spoke to NAB Qld State office on a deal like that during the week and they told me Gemworth would not do any expat deals so they would not go past 80% these days 

I concur with a lot of the previous comments although also believe that a MB should be an active Property Investor himself and have a good understanding of loan structuring.

How can a broker lay out a path to your for your retirement bu buying property if he hasnt retired himself.

So many mortgage brokers have little or limit knowledge of Trusts, Pty Ltd Company or Self Managed Super Fund borrowings and do understand the complexities and taxation implicatons of such.

Finally education, i am sure everyone is aware of my previous coments on the complete lack of regulation and educational requirements in this industry. They hand out Cert 1V in Fin Services by reading  the back of a conrflakes packet. A Broker should be at least degree qualified as you would expect your Solicitor / Accountant to be and have more than 10 years industry experience.

Honestly how can someone working for one of the big franchises for 2 years who was previously a carpenter really have any in depth knowledge of the industry. I mean i ask you. I am not putting down other Professions but if your Accountant said to you "Yes i have been qualified a year now after being a deck chair attendant" would you want to give him all of your Trust business.

Yes that maybe preferable.

No Mike Anz will do a construction loan.

Feel free to email me if you want any more information.

If you are happy to go the northern part of the Gold Coast why not give my Accountant a call.

Steve Hodgkinson is a Partner at the Gold Business Group In Southport and is an expert in Trusts and investmest properties.

Give him a call on 5532 2855. May not get him this side of Xmas but he will always call you back.

Tell him i referred you as most good Trust Accountants are not taking on new clients.

Shaun firstly welcome to the forum.

I hope you enjoy your time here.

Interesting that you Bank are now offering Financial Advice.

They have no right to tell you what you can and cannot do merely whether they will lend to you what you require.

The market is full of competition and I think I weould be seeing what is out there in the way of Financial choice.

I would need a few more details to give you some concise information but safe to say if they dont want your business many lenders will be glad to have you on board as a client. 

Just be careful how you structure any future financing.

Not that this is an advertising board but why are you selling ?

Yes you are able to lodge an amendment to your Tax return for upto 4 years.

Yes from both an Accounting and Tax persepctive the strategy is fine.

With regards to GG Dale has retired from the Business and I do not believe he is taking on any new clients.