Don’t forget the government’s 2018-19 Federal Budget announcement for asset write-offs has been increased to $30,000 and expanded to businesses with a turnover of up to $50 million.^
In the same way, banks across Australia provide ‘unbranded’ mortgage products to brokers, which increases the range of options within the market and offers customers competitive rates to generate valuable savings. Ultimately, it’s still a high quality product and service, just re-branded with a different name.
We took a look at the true costs, including the biggest hurdle-a deposit, as well as the impost of stamp duty for first home buyers trying to buy a home for owner occupation.
While adding a new deck or kitchen can increase the value and enjoyment of your property, overcapitalising can end up costing you more than you planned. Here’s a closer look at what overcapitalisation is, why it’s bad, and how you can avoid it and still increase the value of your property.
Many people are opting for built-in home audio systems. But how do you know if it’s right for your home? We take you through the reasons to choose built-in, what to consider when planning, and ways to avoid common problems.
High-quality tenants make renting your investment property both easier and more lucrative, but how do you actually find them? Along with well-written rental ads, we look at some other ways to get high quality people into your investment property.
Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. Here we look at some of the reasons people in Australia refinance their home loan.
While SMEs account for 97 per cent of Australian businesses, it can still be difficult to make a case to a bank when looking for finance to start a new business or invest in the growth of an existing one. The good news is that applying for commercial finance through a bank is far from the only option.
If you think you have to be wealthy to invest in property you might be mistaken! In fact the skills and experience you’ve gained managing a budget on a lower income could make you a better property investor than some big spending high income earners.
Buying your own home remains the great Australian dream – and purchasing a second property may help you take your wealth further. Whether you’re building your property investment portfolio, buying a holiday house or supporting a family member, there are plenty of things to think about before you take that next step.
Buying a property isn’t always a straightforward process, and one area that can cause confusion is the question of who is responsible for insuring it between the signing of the contract and settlement. There are differences in regulations between states, but the basics are as follows.
Earlier this week 4 Corners ran a detailed report on housing focusing largely on how unaffordable it is. The program focused very much on the fact that housing was expensive but nowhere in the report did they actually delve into the reasons why housing is so expensive.
Generally your home provides the best opportunity to secure the most cost effective debt available in any given market. As your home is used as security against the loan, it provides the lender with additional conﬁdence to lend money to you and at a lower interest rate than a credit card or personal loan.
Buying your dream home is exciting, so the last thing you want is for your home loan application to be held up. While many factors are considered in assessing an application, showing stability and consistency is key for lenders to determine whether you will be able to repay the loan. But sometimes what’s happening in your life can trip you up.
Getting a foot in the door of your dream home might be getting harder, but talking to a mortgage broker could get you the keys more quickly.
With the Australian Taxation Office (ATO) encouraging rental property owners to be vigilant when preparing their annual income tax assessment this year, it’s important that investors understand the depreciation deductions they are eligible to claim.
Owning an investment property can be far more affordable for potential investors than they think, particularly when they claim all of the tax deductions available to them.
Loans come in various types. The key is to know your options to determine the best one for you. Learn about some of the most popular types of commercial loans.
How you arrange your loan and its features will have an impact on your finances. Find out whether it’s time to fix your interest rates or refinance.