TAX DEDUCTION

Massive increase to the instant asset write-off tax deduction scheme

May 18, 2020

You only have until June 30 to take advantage of the massive increase in the instant asset write-off scheme. That means if you want to get bigger business tax deductions this financial year, you need to buy any new business assets before June 30. It’s important to understand that the instant asset write-off scheme has […]

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Construction of Home

Everything you need to know about the HomeBuilder Scheme

June 9, 2020

The federal government announced the HomeBuilder Scheme last week. It’s another measure aimed at rebuilding the post-COVID-19 Australian economy. Here are all your questions answered. What is the HomeBuilder Scheme? It’s a $25,000 tax-free grant to help you to: build a new home to live in, or to substantially renovate your existing home. What are […]

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Investment Property Loan

How lenders assess investment property loan applications?

July 24, 2020

If you’re buying an investment property, it’s important to understand that lenders have stricter loan application criteria that you need to meet. That’s because lenders usually perceive investment properties as being higher risk, especially if you’ll be relying on income from tenants to make your loan repayments. There’s always a risk that any investment property […]

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Rentinvest

A classic question in the property market has always been – buy or rent? Rentvesting allows you to do both

August 25, 2020

Rentvesting A classic question in the property market has always been – buy or rent? Rentvesting allows you to do both. It involves renting a place to live in at the same time as buying an investment property.  Why rentvest? It’s an unfortunate fact that house prices in Melbourne are among the most expensive in the […]

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Bridging loans

How do bridging loans work?

August 25, 2020

Bridging loans A bridging loan is a short-term finance to allow you to buy a new property while you’re waiting to sell an existing one. Bridging loans are usually interest-only finance for up to six months if you’re buying an established home, or up to a year if you’re building. How do bridging loans work? […]

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Home Loan refinance

Good reasons to refinance your home loan now

May 4, 2020

If you’re wondering whether it’s a good time right now to refinance your home loan, you’re not alone. The combined impact of the coronavirus (COVID-19) restrictions on the economy and Reserve Bank interest rate cuts have led to the cheapest home loan interest rates Australia has ever seen. The economic effects of COVID-19 are likely […]

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Covid 19

How the coronavirus (Covid-19) has changed Australia’s lending market

May 2, 2020

The tough coronavirus restrictions have impacted all sectors of the Australian economy, including the lending market. However, it’s now easier for businesses to qualify for a loan than it was before the coronavirus affected the way we all live and work. The government has announced a number of lending measures to help Australian businesses to […]

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Five Compelling Reasons to Engage a Mortgage Broker

May 1, 2020

The real estate market is a hot topic for Australians at the moment, due to historic low-interest rates, a wide variety of loan options, and a host of available properties. With all of this information coming at you at a breakneck pace, it’s so easy to get overwhelmed. This is where enlisting the help of a […]

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Finance Broker v Dealer Finance: Which is Better for Asset Finance or Car Loan?

May 1, 2020

You’re looking for a new car, but you can’t decide where to go for your loan. Should you opt for the dealer’s standard finance, or should you apply to a finance broker? Here’s how the options stack up. Finance Broker A finance broker arranges loans between you and your lender. They don’t work for the […]

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The First Home Loan Deposit Scheme

May 1, 2020

The First Home Loan Deposit Scheme is a new federal government initiative that commenced on 1 January 2020. Up to 10,000 eligible first home buyers in Australia can apply for the Scheme each year. The benefits of the First Home Loan Deposit Scheme It helps eligible first home buyers to buy their first home sooner […]

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COVID-19

Coronavirus Update: Freeze on Small Business and Home Loan Repayments

May 1, 2020

Coronavirus Update: Freeze on Small Business and Home Loan Repayments The Australian Banking Association (ABA) has announced a small business relief package The unprecedented and strict measures put in place by the government to stop the spread of the virus will have a devastating impact on many small businesses, as well as on the Australian […]

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Everything you need to know about refinancing your mortgage

Everything you need to know about refinancing your mortgage

April 29, 2020

Do you want to reduce your mortgage repayments? Are you ready to make your dreams of owning a holiday home a reality? Refinancing your mortgage may be the answer. If you’re like many Australians, your mortgage is likely your biggest financial commitment. While it’s great to know you’re building wealth every time you make a repayment, it’s […]

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All You Need to Know about a Chattel Mortgage

April 29, 2020

For Australian businesses, a chattel mortgage can make the difference between having a revenue-producing vehicle or not. A chattel mortgage is simply a mortgage taken out against a “movable” item of property, i.e. a car, van, or another vehicle. However, this vehicle must be used for business purposes at least 50% of the time. The term “chattel” […]

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