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Residential Loans

FEATURED LOAN - 3.49% FIGHTBACK PREMIUM FIXED LOAN

At a time where financial uncertainty is at the forefront of most people’s minds, Austral Mortgage has launched our FightBack Loan to help alleviate some of the stress associated when considering taking out a new loan. We put you in control of your finances and you are sure to be knocked out by the very low interest rate!

Products recommended for: Home buyers, refinances, investors
FIGHTBACK


STANDARD TERM LOAN
Term Loan
Are you looking for simplicity? Would you like a loan that offers a range of features whilst at the same time remaining uncomplicated and easy to manage?

Please take some time to consider our Advantage Plus Home Loan term loan product. This product has been specifically designed to take the “worry” out of having a mortgage.

Products recommended for: All
Advantage plus home loan


100% OFFSET LOAN
100% Offset Home LoanDo you have some surplus funds earning a moderate rate of interest where you have to declare that earning at the end of the financial year? Would you like to fully utilise the income you earn and put it to work for you?

If you answered yes to either of the above questions, then our Advantage Plus 100% Offset Loan is right for you. Read about the benefits for yourself and see how even a small amount of savings in your Offset account can potentially save you thousands in interest and years off your loan term.

N.B. Incredibly, available whilst on a fixed rate too!

Product recommended for: All  
Advantage plus 100 offset


FIRST HOME BUYER LOAN
First Home Buyer “Calling all first home buyers” As a first home buyer, just like your home, you want your loan to be just right! Well, our Advantage Plus First Home Buyer Loan is packed with a range of standard features exclusive benefits for our First Home Buyer Club member.

Check out our First Home Buyer Club….. membership is free and you will be pleasantly surprised by the benefits to be enjoyed.

Product recommended for: First Home Buyers
Advantage plus first home buyer


INVESTMENT LOAN
Investor Advantage If you are a seasoned investor or just looking to embark on a wealth creation path, the Investor Advantage and Wealth Maximiser/Investor Assist loans are right for you.

Using simple, yet sophisticated loan facilities, borrowers are able to structure their home, personal and investment loans that not only enable them to maximise and enhance their investment portfolio but also better manage their cash flow.

Product recommended for: Investors (both new and established)

Investor advantage Investor Assist

 
LINE OF CREDIT
Line of Credit The Line of Credit facility is available for personal, investment or business purposes. Our Advantage Plus Line of Credit facility has been designed to suit a range of applicants. Whether it is a stand-alone facility for the business type of borrower or an “add-on” account for a home owner or investor, we can tailor a Line of Credit to suit your needs.

Simply deposit a combination of income and savings into your Line of Credit account and each dollar will reduce the interest you pay on your loan.

Product recommended for: self employed applicants, investors, home owners.
Advantage plus line of credit


LAND AND BUILDING LOAN
Construction Loan A Standard Variable / Fixed Rate loan for the purchase or refinance of approved new dwelling construction by fully licensed professional builders – no owner builders. Austral’s Advantage Plus Construction Loan offers you all the benefits of a fully featured home loan whilst in the construction period.

Let us help take away some of the stress associated with the building process.

Product recommended for: Home owners, first home buyers, investors.
Advantage plus construction loan

 
BRIDGING LOAN
Go between loan Our Advantage Plus Go Between Loan (Bridging Finance) offers you an easy way to purchase or build a new home before you sell your existing one. Rather than needing to make two sets of loan repayments while you are selling your existing home, no repayments are required on the new home loan for the Go Between period. The length of your Go Between period depends on whether you are buying or building your new home.

Product recommended for: home owners.
Advantage plus go between

 
LO DOC LOAN
Lo Doc LoanIf you are self employed or a full time salaried employee and are unable to provide documentary evidence of your income, then our Advantage Plus Lo Doc Term Loan and/or Line of Credit facility are tailored for your needs.

Whilst you may pay a slightly higher interest rate, you will receive all the benefits and flexibility of a fully featured standard loan.

Product Recommended for: self employed applicants, PAYG applicants
 
Advantage plus lo doc term loan LOC

 
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TODAY: Saturday, 4th July, 2009
Private Ruling Authorisation Number 81797 - APRIL 2008
April 2008 Private Ruling Authorisation Number 81797 http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm Facts: The taxpayer sought to claim as a deduction the capitalised interest on additional borrowings used to meet the shortfall between the rental income on his investment property and the interest, rates and maintenance costs he paid in relation to the property. The taxpayer advised the ATO that he did not want to use his personal income to repay his private home loan debt or reinvest in other income-producing assests.

PUBLIC TAX DETERMINATION DT2008/27
DECEMBER 2008 Public Tax Determination TD2008/27 http://law.ato.gov.au/atolaw/view.htm?locid=TXD   (then follow the prompts) TD 2008/27 has now clarified the position for the public generally. The factors that will determine the deductibility of interest are:

My Choice
Austral has recently expanded its product offering through its My Choice loan initiative. My Choice provides borrowers with access to a wide range of lenders and loan products for residential, commercial and equipment finance, so no matter what your need our friendly and experienced staff can assist you.

NAB BOSS TO IGNORE RATE CUTS - APRIL 2009
RESERVE Bank interest rate cuts will no longer have any significant influence on home mortgage rates, a bank chief said yesterday.

WEALTH MAXIMISER - INVESTOR ASSIST UPDATE - JUNE 2008
The ATO has recently published an edited version of a Private Ruling on its website: http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm A taxpayer and client of Austral Mortgage, applied for the private ruling to seek confirmation from the ATO that if there was a shortfall between his investment income and his investment outgoings then that shortfall could be capitalised under the home and investment loan & line of credit structure noted in his application.  

WEALTH MAXIMISER UPDATE - MAY 2008
Ever since the High Court decision in Hart's case, taxpayers have been seeking clarity from the ATO on the deductibility of capitalised interest in certain loan structures. On 16th April 2008 a favourable Private Ruling issued to an Austral client that provides insight into the ATO's current thinking on the subject.  

WEALTH MAXIMISER UPDATE - FEBRUARY 2008
Wealth Maximiser Update 12th February 2008 - We have advice from the ATO that it is well advanced on a binding Tax Determination regarding the deductibility of capitalised interest on a line of credit facility. Borrowers with both a home loan and an investment loan should consider including a capitalising line of credit within their loan structure or at least ascertaining from their lender that they could access such a facility by way of a simple variation of their existing mortgage.

Trans Tasman Finance
Did you know that Austral has a wholly owned subsidiary, Gem Home Loans Limited, in Auckland NZ - we are able to assist with organising mortgage finance for you should you be considering buying property in NZ.

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