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1m ago
Questions cover Erin's financial situation
By Joseph Dunstan
Colin Mandy begins asking Erin Patterson about her grandmother, who passed away in 2006.
The court hears Erin was one of several beneficiaries in her grandmother's will, and a number of properties were involved.
The first distribution of funds was in 2007 and the last in 2015, Erin says. She says that helped the family.
"The travel, particularly international, was a big part of that, but it did allow us to buy a home when we settled in Western Australia, without a mortgage," she says.
She also helped Simon Patterson's siblings buy homes, offering loans of about $400,000 each to two couples.
The repayments from Simon's siblings were of amounts and timing of their choosing and the repayments solely covered inflation, not interest, Erin says.
Questions cover Erin's financial situation
By Joseph Dunstan
Colin Mandy begins asking Erin Patterson about her grandmother, who passed away in 2006.
The court hears Erin was one of several beneficiaries in her grandmother's will, and a number of properties were involved.
The first distribution of funds was in 2007 and the last in 2015, Erin says. She says that helped the family.
"The travel, particularly international, was a big part of that, but it did allow us to buy a home when we settled in Western Australia, without a mortgage," she says.
She also helped Simon Patterson's siblings buy homes, offering loans of about $400,000 each to two couples.
The repayments from Simon's siblings were of amounts and timing of their choosing and the repayments solely covered inflation, not interest, Erin says.