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Thanks for all the great adivce guys! As expected there were many different ways to handle this. Given the purchase price was only around $170k and the timelines are short, he's bought in his own name. Interesting was deciding on a lender - some of the second tier banks offered the best...

My colleague asked my advice as he has purchased his first property, an investment rental property. The house is in a rural area in Tassie and is relatively low value (under $200k). After a small renovation it will be positively geared with a yield of around 9% gross. The property was hotly...