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Good idea Kathryn, but we will be needing all we can scratch up to develop our block. I've just come home from her mother's place. She at least can open some windows now. She has about $130K super and she will ask her mother if there is any chance of a "gift" to be "repaid when able" so it can...

Thanks Rolf. She will inherit roughly half a house one day at which time that will help reduce her debt. Can you help with the answer above re how much she needs to save?

One more question... She realises her best bet is to live cheaply for a little while whilst she clears her mother's house and prepares it for either rental or sale. Assuming this is her best course of action, how much deposit would she need before being able to borrow for a PPOR, say $450K...

Thanks sanj. I've run those scenarios past her as well, but the stamp duty doubles if she buys it as an IP and rents. That is more money she doesn't have and would need to borrow. We are going there soon. We are putting grills on her mother's house so she can get some air in and leave some...

I would also add that I'm not trying to find a weasel way of her being able to borrow, rip off her mother or sibling. She is an honest, hard working, moral woman. I'm just doing some homework as she might not be able to think outside the box on this. I'm looking for "how to make it happen"...

She is talking units for around $350K but with a little dog, her options are limited. I'm thinking she could look at cheapie houses, but she needs to be close enough to work to make it work. Worse case, she would need to find a friend to take her dog. So, I'm picking the price point of $500K...

Sorry, I didn't make this clear. The EPA is not required at this time. Her mother is quite capable of lending or gifting money. And regarding no savings, this is not her fault. Her ex-husband managed to lose their $1M home and her savings to a business gone bad, but whilst she was left with...

Ok. Thanks for that info. Her mother is not incapacitated as such. She can no longer stay in her home and has gone into aged care. She is lucid and I wonder if she lent her daughter some money, or gifted her daughter some money if that would be acceptable. The EPO is there for when it is...

I don't know what is in the EPA. Is a loan a "benefit"? Could she do this if someone looked at the EPA? I'm fishing to help her, not put her in prison :p.

Thanks Marty. If she can borrow from her mother, how much deposit would she need to buy something for, say, $500K maximum. She has EPA for her mum, and I believe she could swing this private loan, which I'm also guessing she would have to declare to a bank... or could she keep it private...

I'm doing homework for a friend, overwhelmed by the crap happening in her life but keen to buy a home. She has no deposit due to bringing up two kids and an ex-husband who let her pay for everything, so no savings. She thinks she cannot borrow until she saves a deposit, but I'm keen to give her...