Recent content by sunnywan

This is how we usually do it when dealing with Hybrids. The bank will take the property that the trust buys as security, but the loan applicant is the person themselves, not the trust.

Actually it was a corporate trustee - I am the sole director.

The reason for this is a trust is not a legal entity, so the lands office does not allow the trust name even to be mentioned on the transfer. I DO however put the full "company ATF trust" on the front page of contracts. There is no problem with this, and is the best indicator to the ATO that the...

I've gone through the ANZ bank (through their Premier Select package) when applying for a loan for my Hybrid. As previously mentioned, be prepared for a long wait, as they check through your trust deeds, etc.

I spoke to my painter today, who says that he usually uses a roller to do these types of ceilings, as opposed to a spray gun. His logic was that spraying would be easier, but if any loose concrete falls off afterwards, you're left with gray patches. He said that using a roller helps dislodge any...

I don't have any pictures - but I saw one in the weekend. It looked really nice. Vermiculite ceilings make the room look dull and old, and makes it hard for you to "add value" through new light fittings, etc, as the focus is still the grey ceiling. I was surprised when I saw it sprayed as it...

I have a 70's apartment with the old vermiculite ceilings (sprayed concrete). I've looked into using plasterboard, but its quite expensive to do the whole unit. Therefore I'm interested in simply painting the stuff white! However I've heard that it just sucks the paint! Does anyone have...

See early post... Take a look through this thread. My understanding of the level of protection you have will be dependant on the trust deed you buy.

As far as I am aware, my understanding is the same as Stephen shared - in that after setup costs, it should only cost a few hundred dollars each year to keep running. HOWEVER, this is the first year I am using a Hybrid, and as such have not filed a return yet.

With my purchase using my Hybrid Trust, I took the loan under my own name - so that I could buy the units in the trust, so the trust could them go and purchase the property. As far as I am aware, the lending critiera was not any different just because the purchaser of the property was the...

If I have a property bought under a Company, is there any "easy" way to move this over to a Hybrid Trust? What are the pitfalls, eg CGT, stamp duty, etc?

Hybrid Trusts My Hybrid Trust and setup of a Company to act as trustee, together cost me less than $2k to setup. I used a different accountant, who I felt had a better knowledge of the product. I used an accountant in Melbourne to set mine up, and I live in Sydney! If you've just made an...

Still not sure NickM's site explains Unit, Discretionary and Hybrid trusts beautifully. However I have seen on many occassions two different permetations to the Hybrid Trust: 1. Hybrid Unit Trust 2. Hybrid Discretionary Trust Eg, take a look at the Chris Batten website where there are...

What's the difference between a Hybrid Unit Trust and a Hybrid Discretionary Trust? What are the advantages and disadvantages of these two types of trusts?

Anyone out there actually purchased PPOR using a Hybrid Trust Following on from the above post, I am interested to know if there is anyone out there who has actually bought a PPOR using a Hybrid and renting it from the trust. From this thread, it appears that if you want to purchase a...