Investment property depreciation can be a powerful tool for property investors, yet it’s often misunderstood or overlooked. For both potential and existing home loan customers, understanding how depreciation works could mean significant tax savings and improved cash flow. Here’s everything you need to know to make the most of this benefit. What Is Investment Property…
Purchasing a new home while selling your current one can be an exciting but complex journey. One financial tool that can simplify this process is a bridging loan. If you’re exploring your options for making the transition between properties as seamless as possible, this guide is for you. What is a Bridging Loan? A bridging…
Moving house can be an exciting milestone, but it’s often accompanied by stress and a seemingly endless to-do list. Whether you’re a first-time homebuyer or a seasoned property owner, having a clear plan can make all the difference. To help you stay on track, we’ve put together a comprehensive moving house checklist designed to ensure…
As the new year rolls in, it’s the perfect time to reassess your financial health, especially if you’re planning to purchase a home or already have a mortgage. Whether you’re a seasoned homeowner or a first-time buyer, a financial reset can set the tone for a successful and stress-free year ahead. Here’s how to get…
At the December board meeting the Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35%. The cash rate has remained at a 12-year high since the most recent hike in November 2023, an elevated level aimed at taming inflation. In its decision, the board admitted while inflation had fallen since its…
On Melbourne Cup Day, 5 November 2024, the Reserve Bank of Australia (RBA) has announced another hold in the cash rate, leaving it at 4.35%. The Melbourne Cup Day monetary policy meeting in 2023 marked the last time the RBA hiked interest rates, going up from 4.1 per cent to 4.35 per cent. The cash…
At its board meeting this week, the Reserve Bank of Australia announced it will hold the cash rate at 4.35%. This follows an increase in annual inflation with data last week showing an increase to 3.8% over the year to June. The inflation data shows he first increase since the December 2022 quarter, with many…
Hats off to Australia’s first home buyers! The latest lending data shows they’re refusing to let last year’s rate hikes and rising property values dampen their goal of buying a home. Here are five tips to help you buy your first home in 2024. You’ve gotta hand it to first home buyers in the current…
The property market has ignored higher interest rates, with values rising almost 5% since March. But why are national housing prices climbing when interest rates are higher? Australia’s housing market continues to defy the odds and show resilience – even with higher interest rates and higher inflation. Despite interest rates rising 4% in a year…
There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition. You don’t have to wait until you’ve found a home you’d like to buy before making mortgage…