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thats quite possibly in the operations manual :) ta rolf

I would expect that to be a given risk management strategy where the NRAS entitlements make up more than say 10% of total Ta rolf

I learn things like that everyday from my client interactions, and lots from this and other forums too. I dont provide tax advice, I just happen to know this one from personal and lots of client experience. I always recommend a client seeks their own tax, legal and investment advice...

Hi Euro I think the interest would be deductible in both cases here on the basis of Steele V ATO, since there is clear and obvious intent to rent. I guess what yiu are trying to say is there is NO positive cash flow, and that indeed can usually blow out the Stamps savings of a land / build...

where do I start.............. Really would be a long post............lets start with you do need mortgage insurance. Mortgage insurance premiumsare calculated on the perceived risk the higher the lvr the higher the premium, AND the higher the loan amount, the higher the premium...

I suspect if you go about it the right way, AND have the serviceability you should be ok. Using the equity in your place as a crossed loan doesnt cause problems straight up per se. It may do in the future though, AND if you are looking for a 90 % lend on the PPOR and a 90 % lend on the NRAS...

Hi The loan being fixed should not be a problem unless 1. Your valuation comes back low 2 The break cost on your fixed is enormous ( and I assume it isnt if u were looking to sell, assuming that that the loan was fixed at this time). This would only be an issue if u had to move the loan...

Hi Skinny...........and if you dont have any cash buffer, could be risky, but all of course depends on circumstances 460 k val equity pull to 90 % = 414 - 355 owing leaves 59 k Purchase NRAS property that fits a 90 % lender and you could do a place to 400 or so ...........subject to...

imitation is the sincerest form of flattery :) ta rolf

The number of deals that come across my table where the agent says .........shhhhhhhhhh dont tell the lender, is cause for concern ta rolf

Hi CP Feel free to spill the details here : ) See if u can beat Euros detail posts ta rolf

Thats useful since HBS policy the last time I looked was to make sure you didnt say the words NRAS too loud : ) ta rolf