I have asked one mortgage broker my lending capacity and they have advised that best possible outcome is loan of $380k, based on my salary and current financial position. My parents are also in a position to loan / give me $75,000. Is it better to put the 75k as a loan at 5% for tax purposes, or is it better to record it as a gift? I have been reading a lot of Terry's posts about the best loan structure for first investment property (The ideal Loan Structure where the first property is an investment) but probably need to read up more to understand this in greater detail. Also, is there a good accountant or mortgage broker with relevant tax knowledge that you can recommend in Melbourne?