My wife and I are currently living in a our 2 bedroom unit in Hobart.
We bought it for 180k at the start of 2006. Our neighbours have just sold their very similar unit for 200k (settling during July 2007). In the coming years we would like to buy a larger PPOR and rent out the unit.
Neither my wife nor I are likely to be sued professionally. We are each on approx 50k a year.
Are trusts only needed in case of getting sued?
Also does the somersoft piaf tool help if you're planning on having mutilple properties. (also couldnt see a section in the demo version where managed funds or shares would be put in)(anyone using the program recommend it)
This year my wife and I are paying off consumer loans and credit cards, we will be ready to start saving up a deposit for our ppor in January, and will most likely be putting funds into Navra retail each month.
The unit is currently in fixed 5 year loan with ING.
Would an offset be the best loan type for the ppor when we get to that stage?
We bought it for 180k at the start of 2006. Our neighbours have just sold their very similar unit for 200k (settling during July 2007). In the coming years we would like to buy a larger PPOR and rent out the unit.
Neither my wife nor I are likely to be sued professionally. We are each on approx 50k a year.
Are trusts only needed in case of getting sued?
Also does the somersoft piaf tool help if you're planning on having mutilple properties. (also couldnt see a section in the demo version where managed funds or shares would be put in)(anyone using the program recommend it)
This year my wife and I are paying off consumer loans and credit cards, we will be ready to start saving up a deposit for our ppor in January, and will most likely be putting funds into Navra retail each month.
The unit is currently in fixed 5 year loan with ING.
Would an offset be the best loan type for the ppor when we get to that stage?