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There you go. She should seek tax advice...

ATO only gives part of the story. It all depends on her situation overseas. Does she have another main residence?

Are your sure there is no CGT issue if that is the case?

Under market value transfers - if bankruptcy or family law issues down the track. Unlikely maybe but should be considered. She is a MIL so I assume you have a spouse. Document things carefully. What if the property becomes a rental at some point in the future.. If no chance you may not have...

Define both 'good' and 'bad' and for whom? You should probably buy at full market price because of several reasons - 1 being deductibility of interest... Social Security ramifications for MIL.. Asset protection issues... CGT issues..