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Q: Hi
I have quite a bit of equity in a property I purchased through a smsf. Is it possible to refinance the loan, increase the borrowing from 50% to 70% and use the funds as a gift to my kids to help them buy a property?
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Q: Breaking News
Australian Prime Minister announces there will be a Royal Commission into the Financial Services Industry
Mr Turnbull says Australia's financial system is admirable but there have been instances of poor practice.
Consumers must be protected, Mr Turnbull says, and the financial services sector must remain stable.
Do you agree with the Government's decision?
A: The banks tell us they have nothing to hide so a Royal Commission will be a waste of time. I am not so sure. The banks won’t have teams of lawyers and advisors drafting polished responses to requests from government and regulators. Instead, existing and former executives are going to need to face a grilling in a court-like atmosphere. History tells us that there are going to be things uncovered that the banks have been sitting on. This will be interesting!
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Q: Hi… what are the benefits of buying an investment property in a family trust and what impact does it have on being able to get a loan?
A: Hi Suresh, it is a good start and makes sense, thank you. Do you if we chose to use a trust if it complicates obtaining a loan?
Regards
Oliver
question
Q: Hi… what are the benefits of buying an investment property in a family trust and what impact does it have on being able to get a loan?
