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Redraw vs. Offset What Is Better?
Offset accounts and redraw facilities are valuable tools for managing your mortgage, offering distinct benefits suited to different financial priorities. Understanding the differences between these features empowers you to make informed decisions that align with your long-term goals. Whether you opt for an offset account or a redraw facility, both can contribute to saving on interest costs and achieving financial security.
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[Video] What Does a Good Buyer’s Agent Do?
In the competitive landscape of Sydney real estate, navigating the path to finding your dream property can often seem overwhelming.
With the guidance of a good buyer’s agent, this journey can be more manageable, shorter and more rewarding thanks to their expertise, connections and access to “off-market” deals or opportunities you may not have.
This video walks you through what a buyer’s agent does, and how they can help you research, source, negotiate and close property deals quicker and at times cheaper than you would otherwise be able to do on your own. And in turn what you should look for in a good buyer’s agent.
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[Video] Can I Get a Home Loan While on Maternity Leave?
These days, most lenders have maternity/parental leave in their policy so the answer is YES, they can consider your application.
To get a home loan, you will need to get a RETURN-TO-WORK letter from your employer (if you work as PAYG employee) detailing the following information:
– Your name
– Your occupation
– Start date of employment
– Current employment type e.g. Full time/Part time permanent
– Current salary (Gross, Net, Superannuation)
– Start date of maternity or parental leave
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What Is Land Tax?
Land tax is an annual tax levied at the end of the calendar year on property you own that is above the land tax threshold.
Your principal place of residence is exempt from land tax, and other exemptions and concessions may apply.
We will discuss Land Tax as it applies in NSW but the concepts are largely similar across all of Australia’s other states.
You may have to pay land tax if you own, or jointly own:
– vacant land, including rural land
– land where a house, residential unit or flat has been built for investment purposes
– a holiday home
– an investment property or properties
– company title units
– residential, commercial or industrial units, including car spaces
– commercial properties, including factories, shops and warehouses
– land leased from state or local government
[Video] How To Use Your Equity To Buy Investment Property
Using the savings in the offset account associated with your home loan to fund your new purchase will cause you to pay more interest on your home loan which is not tax deductible.
This blog post will show you how to use the equity or ownership stake you’ve accumulated in your home to invest in more property in a tax effective manner.
So, what Is equity? Equity refers to the difference between your home’s current value and the outstanding amount you owe the bank.
This is the amount you own outright of your property
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[Video] Why You Should Get an Investment Property Depreciation Schedule
An investment property depreciation schedule is among the most beneficial but underused tools available for property investors to maximise their tax returns. All property investors want to pay less tax, yet 70% of investors don’t benefit from tax depreciation deductions because they don’t order an investment property depreciation schedule.
The video in this post has our Lead Mortgage Broker, Liz Zaki discusses the issue with Tuan Duong from Duo Tax, Australia’s most reviewed and highly-rated Quantity Surveyors.
We will guide you through what you need to know about ordering an investment property depreciation schedule including a brief introduction to property tax depreciation, the benefits of a tax depreciation schedule, what it includes as well as how you can get your hands on one.
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