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…
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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.…
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Why use a Mortgage Broker? Mortgage brokers play a vital role in the home loan market. They’re experts in the loan process and will help you secure a loan for a home, investment or another commercial purpose. Mortgage brokers provide an efficient and cost-effective service, assisting you in researching, organizing and negotiating a loan that…
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Making the seemingly impossible, very possible. Recently, I met a lovely couple who were enquiring about the possibilities of themselves purchasing their first home. One of them had been on an 820 Visa, which many lenders have it in their policies; not to lend to clients except for Permanent Residents [PR], and Australian…
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Once you’ve planned for your renovation, you’ll need to decide how you will pay for the project, and how much you can afford to spend. When it comes to finances, what works well for one person may be the completely wrong choice for another. It’s very important you work out exactly what your renovation project…
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Once you’ve planned for your renovation, you’ll need to decide how you will pay for the project, and how much you can afford to spend. When it comes to finances, what works well for one person may be the completely wrong choice for another. It’s very important you work out exactly what your renovation project…
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Why renovate? That’s the question that we are trying to answer today! Many homeowners and investors renovate their properties with the objective of adding value and maximising their return, either in the form of a higher sales price for a residential property, or a higher rental income for an investment property. However, many Australian homeowners…
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Struggling to find or save a deposit? At Progressive Loans, we can locate a lender whom may have the right solution to enable yourselves to get into your own home sooner rather than later. There are some lenders out there willing to accept applications from people who only have a small deposit saved. This is…
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I recently read an article in MPA Magazine speaking about Demographia’s International’s annual Housing Affordability survey. Here is what they had to say: Housing affordability continues to deteriorate in Australia, with Sydney and Melbourne ranked among the top five least affordable major housing markets in the world, according to the 14th edition of Demographia International’s…
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I found an interesting article published by MPA last week, where RBA revealed that the interest rates are at their lowest since records commenced. And brokers have played an important role in reducing interest rates and saving small businesses money. “The average interest rate paid on all current loans held by small businesses has fallen…
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