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Its my understanding too Brady. Its better now most guarantees are only for a limited amount rather than the full amount borrowed, but it is definitely treated as a liability, just as an undrawn Line of Credit or Credit card.

Id wager the cba assessor will take the whole loan into account and only half the rent the next time you did lending with them as well.

That scenario would work better where each of them buys jointly from the start. In practice, a and b meet after they both own a property, they then buy the second and third in joint names, all good. Its only if they then wanted to buy in single names, or with another partner later that...