Recent content by celtics

Terry, 1. Have looked into it for past six months with not much luck. Father runs a business which has variable income and mother earns an average salary ~65k, hence banks reluctance to lend more. Might be different if I go along with my deposit. 2. The only downside here is the $60k stamp...

1. The difficulty is that my parents have looked into borrowing further, however the banks deem my parent's income insufficient to maintain these repayments and have not been willing to lend further 2. Not keen on cross collateralising properties 3. Haven't looked into the trust idea. May...

Thanks for the quick reply. 1. Loss of CGT exemption - Parent's not utilising this is one thing, something we will have to forgo to pursue other benefits - Have the option of living there for three or six months and then converting to IP to get 6 years worth of CGT exemption and negative...

Hi all, Long time lurker, but first time poster. Have learnt a lot on these forums! I have a complex question. My parent's own their own PPoR (5 year old house) valued at $1.5m with a loan of $530 000. They meet repayments on this loan comfortably but not much more to be able to invest or...