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  1. Terry_w

    Parents too old for property??

    I have no way of assessing if it is a good investment or not, but whatever you do you should seek proper advice and make sure things are clearly documented. It would not be a good idea to lend you parents money without security and without a written agreement in place.
  2. Terry_w

    Parents too old for property??

    Get her to ring her bank and see if they can be uncrossed - without having to supply income statements.
  3. Terry_w

    Parents too old for property??

    Any transfer in legal title or equitiable interest will result in CGT and stamp duty - except upon death. You could buy a property from your parents at undermarket value, but the stamp duty and CGT would be at market value. I can see 2 broad options: 1. Get them to sell a property to...
  4. Terry_w

    Parents too old for property??

    $5k per month is about $60k per year. The $200k offset may last just 2 to 3 years. At this stage it may be too late to refinance if there is no employment income. What about super pensions? Some lenders will accept that. Rents may rise slightly which will slow down the drawing of the...
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