Recent content by kyozaro

Hey, thanks for the reply The issue is that they are actually requesting that I provide enough evidence that I can have these "structures" ie, bricks, because it says no "structures" on the licence to occupy drainage reserve. They are giving me 14 days to research, and then a notice for...

Hi all Just wondering if I can get some assistance on an issue. We've recently purchased a property (knowing that it has a drainage reserve) and the land is apart of our property due to a "Licence to occupy drainage reserve" The land is paved with bricks, and there is one small BBQ area on...

Yeah, okay thank you :)

Sorry for newbie questions, just very new to the whole joint purchasing. Just trying to do things legitimately and beneficially. Can I just confirm, if I buy with my dad now, we then turn it into an IP later down the track and both move onto new PPORs for 6 years we will be CGT Exempt?

CGT is what i'm most concerned about :( To the bank, the rent would count towards the serviceability of the IP and I believe they are approving it. But then If I buy it as an IP and rent to parents, I would have no PPOR? :confused::confused: or am I then classified as living with parents?

Thank you Terry. Just saw your newsletter has some good info regarding this too! Will give it a read ;) Just on the point before.. yes, parents cannot service the loan by themselves. What are the implications if I have my name and my dad's name on the title, but I don't move out though...

Wow, thanks. That's the sort of thing i'm still unsure about, having my name on the title. Looks like i'll have to do a bit of research on this too. Would it be better if I owned the home and parents lived with me? Or should it be the other way around.. eep not sure.

Hi all, Just wondering if we can generate some discussion with this.. Parents have sold their PPOR, and now have approx $500k in savings.. We are going to rent in the meantime, but they are wanting to move into something bigger (850-900k range, Sydney) and get a loan for as much as we...