Hi there.This is how I understand the process, correct me if I am wrong, Thanks!Bank Loan – $400k House price – $500k Stamp duty etc – $30kCome up with $100k for deposit to avoid Mortgatge Insurance. Now on the subject of Mortgage Insurance (MI), is it necessarily a bad thing? Everyone I talk to, try to avoid the MI and the extra costs etc, I…[Read more]

Hi Richard,Thank you for your reply.The problem is that we never envisage going over to Qld to work and that we would have paid off the HP house in another 6 months as PPOR. What are the rough $ estimate to setting up a trust fund and benefits of trust structure in my situation? Can you provide some numbers for consideration as I am new to this…[Read more]

Hi MC,

As a student renter from overseas before, I have since settled in Perth to work. As far as rent is concern, it’s a matter of when we have the money is when the rent is paid. Sometimes, we need a breather too when our car etc breakdown and need that rainy day money. Basically, we want to have a relatively peaceful time too, without too much…[Read more]