Are you a landlord renting out a property or offering short-term accommodation services through online platforms? If so, you should be aware that the ATO has now launched two new data matching programs that will affect property owners such as yourself. What is Data Matching, and how does it affect you? Rental Bond Data The … Continued
With a recorded rainfall of 57mm below average this autumn, it’s little wonder Australian farmers are turning to donations and relief funds to help maintain the vitality of their crops and cattle. While you may wish to make a donation yourself, it is important to first find out whether the recipient is aware of the tax implications associated with receiving crowdfunding payments. What is … Continued
The 7 Mortgage Types There’s a lot more to loans than interest rates and fees. A low rate is important, but it is not everything. There are different types of loans and features that will make managing your mortgage easier. As your mortgage broker, we take the time to teach and advise you on the fundamentals so you can make an informed … Continued
Saving for a deposit? Most lenders require a minimum deposit of 10-20% of the total loan amount. You’ll also need to cover the cost of Lenders’ Mortgage Insurance (LMI) if your loan amount is more than 80% of the value of the property. So ideally, you should start with a 20% deposit to avoid paying LMI. What … Continued
Finding Your Dream Home Once you know what you can afford, you can get a much better idea of what type of home you can buy and where you can live. When it comes to the type of property and location, many first home buyers find they need to compromise in some way. A free-standing … Continued
Looking at buying your first home? With regularly moving interest rates and new products, taking out a loan with a bank may see you lost in an ever-changing market. If you’re looking to purchase your first home, you may also be considering your first home loan; this may seem daunting at first, but it doesn’t need to be. With … Continued
What is Critical Illness cover? Critical Illness cover provides a lump sum payment if you’re diagnosed with a life-changing or terminal disease. It is then up to you to choose how you use this payment – to cover medical expenses, the cost of being unable to work, or to pay your household bills. Why is … Continued