Depreciation deductions on property

Depreciation deductions on second-hand property

Depreciation deductions on second-hand property The Turnbull government passed legislation regarding how depreciation deductions on second-hand property can be claimed moving forward. Tyron Hyde, CEO of Washington Brown, highlighted six key takeaways from the legislation:    Those who acquire a second-hand residential property after May 10, 2017, which contains previously used depreciating assets, will no…

Finance brokers are replacing the role of the bank manager

Finance Brokers replace the Bank Manager

  Finance brokers are replacing the role of the bank manager in their ability to build relationships with small business customers and meet their evolving funding requirements. That’s according to Scottish Pacific CEO Peter Langham, who says that small business customers are increasingly turning to alternative funders, non-bank lenders and brokers for their financial needs.…

QBE Australian Housing

QBE Australian Housing

According to the latest QBE Australian Housing Outlook 2017-2020, an oversupply of units and reduced bank lending to investors is expected to dampen price growth in the housing market in coming years. The QBE-commissioned BIS Oxford Economics report analyses historical performance in the residential housing market, based on median prices, and forecasts market movements to 2020.…

property or loan

What comes first: the property or the loan?

It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan. Looking for a property to purchase is an exciting time. Choices regarding location, size, number…

What to consider when renovating

What to consider before renovating?

The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits. Whether your motivation is to add value to your property or to add a touch of your personality to the home, renovations are expensive and debt often follows. By working with us at Progressive Loans…

House prices rising

House prices still rising …

House prices still rising, but slow down evident.   Although residential property prices continue to grow, there has been a reversing trend; in particular Sydney and Melbourne. Yes, these two cities have still grown, but their individual growth rates have declined, signalling a possible slow down in these markets. The Capital city average last quarter…