Wow cool ok – maybe I should get a forum client to comment since his about to do one in that suburb!

Regards

Shahin

The biggest and most important aspect is the future plan – all professionals i.e. Accountants, Finance Guys, etc should be asking and need to know your future plan/strategies so that the current structure whether it be asset protection, taxation or finance align with those strategies.

Make sure you have this penciled before meeting him/her.

Regards

Shahin

Your construction cost for 5 units was $402,000 – is that correct?

Also did you have to pay any contribution costs (is that applicable in Vic)? Also what about the site costs like concreting, retinaing walls, fencing, stormwater and sewer drainage?

Regards

Shahin

Excellent post tax incentive per year for the next 10 years however a lot of developers overprice their stock. 

There is also a risk that the Government may can the incentives however personally I doubt that this will happen.

Its a fantastic scheme imo but finding good stock where the numbers add up is mighty hard to find.

Regards

Shahin

You lose the deposit if you cancel within the cooling off period. If you go beyond that then you are in trouble.

Why did't their solicitor extend the cooling off period?

Regards

Shahin

The whole point of super is creating a nest egg for the future and also diversification. Even if I could – I would never think about putting my super in my mortgage. 

There are plenty of information on purchasing assets (both residential and commercial) under an SMSF – it lists all the pros and cons, costs, etc.

Regards

Shahin

Best to speak to your banker and broker about your specific borrowing capacity – never rely on online sites as they do not paint the correct picture for you to build your strategy. 

Other things to consider is deposit amounts – how much to use, etc.

Regards

Shahin

It doesn't sound like you are a newbie or clueless. Developing is usually the better way of building equity but you need to ultimately do the numbers. Have you constructed before? Have you built multiple dwellings at the same time?

Regards

Shahin

Even if the default is paid in full not only will it not fly at 90% LVR – it will not fly at 80% either. As I said the default is too large and even worse its a financial institution default which is much worse (in the eyes of the lender) than a telco default. It would have to be an incredibly strong application to fly at 80%.

The only option would be a specialist lender.

Regards

Shahin

What im suggesting is that your banker or broker call the valuer and negotiate the increase verbal rather than send a dispute form first. Also have you considered ordering a valuation with another bank?

Regards

Shahin