@Rob H yes thats right and you can borrow 105% in order to cover all costs involved.

If you do have savings you now have the option of holding it back as a buffer in an offset account. This helps you pay less interest on the loan as it “offsets” the debt.

Many other benifits in addition to the one mentioned, if done right.

I looked high and low for either a US-based or an Australian-based firm that could produce ATO-compatible depreciation reports for my Texas properties. Washington Brown (Australian firm) was the only one I found. But I only used their reports for my ATO filings, not for my IRS filings in the US. For that I generated a depreciation schedule…[Read more]

@Terryw but that only matters if he is planning on selling.

@Rob, just buy it in your own name, yes you don’t get 50% cgt BUT you will get a pro-rata based on how long you live in it yourself eg if you buy and then move there in 10 years AND live another 20 then you will get 2/3rd of the 50% CGT
(lol that’s IF and its a big IF the 50% CGT is in…[Read more]

@Terryw but that only matters if he is planning on selling.

@Rob, just buy it in your own name, yes you don’t get 50% cgt BUT you will get a pro-rata based on how long you live in it yourself eg if you buy and then move there in 10 years AND live another 20 then you will get 2/3rd of the 50% CGT
(lol that’s IF and its a big IF the 50% CGT is in…[Read more]