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I have and contacted three of the consortiums to no avail !! Those reports used to come out monthly but stopped in June this year.

Actually my chances are still ZERO !! They want us to go via the consortiums. What I might do is ring up DSS and find out which consortiums are holding on to unused NRAS allocations.

Alternatively, bypassing the consortiums, what chances do I have of getting a shovel ready NRAS allocation in the next month or two directly from the Gov't as a private investor ? 6 months ago I would have said ZERO chance, but now I read the pdf titled Opportunities for small investors here...

I have an investment property being built in Qld which is nearly completed. I have contacted a handful of the consortiums to see if they have any spare NRAS allocations which weren't used up, but they have none (at the moment). What are the chances that an unused allocation would come along...

Moral of this thread is that if you own both units in a new duplex and aren't planning on selling soon then do not perform a strata subdivision. The only benefit is increased resale value, but the downsides are plenty as testified to by this thread.

With four years having passed since the last post in this thread and no other dedicated thread to the topic I want to begin discussion again on it. 12 councils in Qld now have higher rates for non owner occupied properties. This is clearly discrimination and probably illegal. The latest...

jim1964 please see my reply to PT_Bear. I hope it appeases your anger.

I sought advice from this community, which I now realise is frequented by many brokers trying to make a living. If I had realised that I would have asked my question elsewhere (or at least offered to pay them for their advice so they wouldn't have a problem with me using the free info they...

Nobody in this thread has claimed that brokers are not entitled to commissions.

I assume you were asking me. I have no qualms with commissions. I personally prefer to deal direct with my bank officer as it is faster and gives me more control. Sure it took me longer initially as I wanted to interest rate shop, but I wanted the experience of speaking with other lenders...

I asked the loans officer directly does he get a commission. He replied - no his position was purely salaried. I believe him because he would never go the second mile to either obtain or retain my custom when he realised there was a real possibility I would get the loans with another financial...

Of course not ! I expect little advice from my loans officer. They don't receive a commissions so they don't have much motivation for thinking outside the square. I get my advice from people I pay by the hour like my accountant and people who are in the same boat like folks on this forum !!

Damn I think I have to find a new accountant. He came recommended and seemed pretty clued up as he gave me the advice about not CC-ing. Fortunately I haven't yet set the accounts up.

Thanks Aaron. I have just arranged with my loan officer to properly implement the 3 loan scenario to avoid CC. I think it was a misunderstanding rather than any vested interest in his part. I will of course double check this has been properly done when the offer documents are presented to...

Thanks Terry. If I have one offset account that is used for depositing rents AND depositing borrowed money into (to eventually pay builders, solicitors etc), is that scenario still permissible for tax deductability purposes but just requires more accounting work ?

Thanks Aaron, so when you wrote "The surest way of stopping ANY cross collateralisation is to have different lenders for each loan." - then this isn't the only way to avoid CC, just one sure fire way. The way I am proposing with 3 loans is just another way.

Thanks Aaron and tobe for your input. So are you guys saying that if I am using one lender but have the 3 loan scenario I describe above to avoid the CC then it is still just as easy for them to come after my PPOR if I default ? Surely such a structure would favour me (otherwise my...

Hi there, I am structuring loans for my first set of IPs. I have fully paid off my PPOR and need to use equity in it to the tune of 20% of the value of each IP. (thus giving an LVR or 80% for each IP) My accountant advised me not to cross collateralise (CC) the loan(s) because...

No, as I've done my own tax returns up until now and this is my first investment property. So I guess I'm after an accountant who is familiar with NRAS and by extension should be rather competent with the additional requirements associated with investment properties for tax returns.

That's strange, I thought St George would have a similar Stat Dec to Westpac who owns them. St George's Stat Dec requires one to obtain independent financial and legal advice about NRAS. On a similar vein, I'm having trouble finding an online lawyer (yes there are plenty around) who will do...