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Thanks mate, appreciate the post. You've seen this work quite well in the real world I imagine? Something I am now seriously considering. How open are banks to 'friends' or must it be immediate family? Cheers, Bern

So say I convince family / friend to do the equity deal. How does it work in the real world? I get the $75K for the deposit from them by them putting a charge of $75k over their property. I have circa $15K in funds lying around which I would have used as a deposit. Do I pay this...

This may be a possibility rolf. How much equity would they have to forego on a purchase of $450k brand new considering I'm entitlted to FHOG of $15k in NSW on a new build and a stamp duty concession? How do I then repay the person? Have you seen these arrangements work in the real world...

Cheers for the replies gents. As I figured not enough saved. By August there should be $30k+ saved so will revisit. I remember pre gfc how easy it was to get a loan. Was approved for a $380k new build with st George. Then Lehmann bros happened and st george pulled the product...

Hi guys, I've been lurking on this forum for years. About time I actually tried to buy a property. I respect the brokers and advice on here so thought I'd ask. My partner and I are first home buyers. I am 31 and an accountant. Base salary of $120k + $30k distribution so say $150k...