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Tips on saving for a specific goal
Saving for a financial goal can seem daunting, but there are many steps you can take to make it easier. Here are some tips to help you save for your financial goal: Set a specific goal: Determine exactly what you're saving for and how much you need to save to reach...
Market Essentials – July 2023
With tax time upon us, the ATO has announced its focus on rental properties this year. ATO Assistant Commissioner Tim Loh is urging investors to keep proper records as “9 in 10 rental property investors get their tax return wrong”, he said. A record high of 1,753...
Escaping mortgage prison
It’s estimated about 16 per cent of households with a mortgage are in a “mortgage prison”, unable to refinance to a more competitive interest rate because they can’t meet strict serviceability rules. What is mortgage prison? A mortgage prison is when you lack the...
A pre-tax time checklist for property investors
Sorting through heaps of receipts to figure out your allowable deductions isn’t anyone’s idea of a good time, right? Property investment can be a rewarding venture, but it comes with its share of responsibilities, especially when tax season rolls around. To help you...
Market Essentials – June 2023
The 2023 Federal Budget released this month aims to address some of the property market’s greatest challenges. Among its measures is a new tax break for the build-to-rent sector, increased rent assistance and an additional $2 billion to support affordable housing. In...
How your HECS debt affects your borrowing capacity
Do you know how much you owe on your HECS-HELP debt? While student HECS and HELP loans in Australia are interest-free, they are indexed every financial year based on a cost of living index. The recent outbreak of high inflation means millions of Australians with...
What the RBA overhaul means for interest rates
The Reserve Bank of Australia (RBA) is facing a major overhaul following an independent review. What does it mean for interest rates and for Australian mortgage holders? We dive into all your questions in this article. Why was there a review? Treasurer Jim Chalmers...
Tips for buying property sight unseen
There’s no doubt about it. Buying sight unseen – that is, purchasing a property without viewing it in person – can be risky. What if it has a strange smell when you finally do enter the property? What if it’s a little darker than how it appeared in the advertisement...
Market Essentials – May 2023
After a recent review, the RBA is set to undergo the biggest reform in decades, effective 1 July 2024, with the current board losing its powers to set the cash rate. According to Treasurer Jim Chalmers, the most significant change involves the creation of two boards,...
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