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    60cm appliances vs 90cm appliances

    A 90cm cooktop with a 60cm oven below would look really weird. Buyers usually look for branding. You can get a basic Miele for not a lot more than a top of range Bosch etc. The other thing to consider is that when you go up from a 60cm to 90cm oven, there is a huge jump in price. Take...
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    Gifting money into family trust

    Thank you for the comments. Re: asset protection in the trust it was in relation to my occupation, if I was to be sued then assets in my personal name would be exposed. Yes, I wasn't expecting the accountant to answer the legal questions re: settlors but he had organised the lawyer to draw...
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    Gifting money into family trust

    Thank you everyone for posting such valuable points. I have met with my accountant and to be honest he wasn't as informative as the responses you have provided. But maybe I'm expecting too much. In a nutshell, he suggested 1. If planning to live in new home as PPR then buy in personal...
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    Best variable interest rate???

    Thank you to everyone for posting their loan rates on this website. I'm still on a 0.8% off SVR with NAB for a 570K IO loan (LVR <60%) and have just bought a new IP property under personal names for 1.15M - looking to borrow 80-90%, no LMI. Joint names with hubby, I'm medical, he's in...
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    Gifting money into family trust

    Thank you again for your comments. Thank you also for the comments re: tax deductibility.
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    Gifting money into family trust

    Beneficiary On lending to a family trust Re: Tax deductibility if my parents are going to help: one other proposal is 1. for my parents to borrow money from overseas using their overseas home as security 2. they onlend to the family trust with a formal loan document, so the family trust...
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    Gifting money into family trust

    Thank you very much Terry and Paul for your comments and things to consider. This is what I have learned so far and hopefully is correct so others in my situation might find helpful background info: 1. I have sat down and read the trust deed again. The Excluded beneficiary does not have a...
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    Gifting money into family trust

    Hi, thank you for reading my long post and questions. We set up a discretionary family trust a few years ago to purchase an IP apartment, for asset protection. We have "gifted" on 4 occasions some money to the trust offset account to help reduce the loss in the trust as we can not negatively...
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    Recommended Tradies and Other Useful Contacts

    Air Conditioning/Heating State- Victoria South/Southeast I would highly recommend Surrey Air - professional, detailed quotes, punctual, and honest in giving advice about repair vs new installation - even if it meant a lesser fee for them.
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    Guarantor for Corporate trustee loan

    Hi, If a property was purchased under a family trust with a corporate trustee where my partner and I are directors: When taking out the loan as ABC Pty Ltd ATF ABC Trust the bank has asked that both of us be personal guarantors for the loan. My question is, as guarantors for a corporate...
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    Best Rates

    Thanks Mick for the kind words. Just wanted to update that NAB has approved my request for the property loan under the family trust for the 85% IO with no LMI and extra 5% at P+I.
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    Best Rates

    Thank you for the explanations rolf and mick. No i don't see myself as having a "special" job or have any connections. I think there is so much to learn in this area and have great respect for people like you who know so much and are willing to share your knowledge. I agree totally that...
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    Best Rates

    sorry if this is a dumb question but I don't get why this is a better offer though as nab's offer is also with no LMI it's just that with NAB's offer I'd have to pay 45000 in principal over 3 years, that's 1250 a month in principal payments (which I have enough in savings), as opposed to (at...
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    Best Rates

    thanks mick and spectre i was reading that CBA doesn't offer a true 100% offset account and would that be a disadvantage down the track? westpac have verbally offered 90% no LMI through an accounting firm who deals with them directly and I understand I should have that in writing, but I'm...
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    Best Rates

    I am in the process of applying for a IO IP loan for a family trust with corporate trustee and take on the advice not to chase just interest rates. The question is which bank for service/efficiency and which ones will do loans for trusts. This is for a 450,000 property and I'm considering...
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