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A flexible loan structure with an almost unlimited number of sub accounts in any combination of Principal & Interest, Interest Only, Fixed Rate, Variable rate and a Line of Credit if required. Structuring can be based on loan purpose, tax accountability, desired mix of loan account features, accounting preference.

LOAN AMOUNTS	min $50,000, max $5,000,000
LOAN TO VALUE RATIO	maximum 97%
REDRAW	available through internet & telephone banking (Nil fees apply)
SECURITY	registered 1st mortgage over residential property. Collateral 2nd mortgage over additional property may be considered
REPAYMENTS	repayments can be made weekly, fortnightly or monthly by direct debit, electronic direct credit of salary, rent, dividends, inter account transfers, Bpay etc
SPLIT LOANS	A combination of additional accounts (variable & fixed rates) also available
PORTABILITY	Loan can be transferred to another property (conditions & fees apply)
ADDITIONAL FEATURES	- No ongoing fees & charges - Transfer of balances between accounts - Global Redraw facility available i.e. redraw available from any qualifying loan account regardless of it’s original purpose - Ability to capitalise the mortgage insurance premium into the loan amount - Vacant Land acceptable

LO DOC OPTION

A term loan designed for self employed and PAYG applicants who are unable to provide documentary evidence of income.

We make it easy by not asking for verification of your taxable income. You are required however, to complete a Declaration of Financial Position, confirming that the repayments will not adversely impact on your capacity. ABN registered for a minimum of 2 years must be on the declaration (self employed applicants only)

Maximum Loan amount $2,000,000

Maximum Loan to value ratio 80%

For all other features refer to Term Loan.

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Full Member of MFAA
Austral is a member of the Mortgage & Finance Association of Australia (formerly MIAA), the professional body for the mortgage industry.

PH: 02 9299 1833 / FAX: 02 9299 1874

TODAY: Thursday, 20th November, 2008

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.

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.

Austral in the Community
Austral Mortgage has been a Principal Sponsor of the Winston Hills Little Athletics Club since October 2006. We are proud to be supporting this community project and congratulate the young athletes of WHLA for their commitment to and successes in the sport.

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.

AusComm Finance
AusComm is the specialist Construction and Development division of Austral Mortgage - if you are a developer seeking finance for construction purposes - residential, commercial, retail, industrial - give Peter McAuley a call on 0419 220 630 or email him peter.mcauley@australmortgage.com to discuss your funding requirements.

Mortgage Calculator
A number of excellent resource tools are now available on the internet for people in Australia seeking a loan to finance the purchase of a property or refinance an existing mortgage. One of the most useful and user friendly tools is a mortgage calculator. Before going too far in the purchase and /or borrowing process it is a worthwhile exercise to quickly gauge your borrowing capacity and also determine how your new mortgage repayments will impact on your personal cash flow. Mortgage calculator...

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