More and more Australians are building wealth through the property. According to the Australian Taxation Office (ATO), there are over 1.7 million property investors in Australia. Just over 25% of these investors own more than one investment property.
The largest group of property investors are not high income earners as many may assume. The vast majority fall into the $30,000 to $75,000 p.a. income bracket.Read More
Do you want some quick ways to save a lot of money?
How often do you check your accounts and credit card statements?
Do you re-assess your expenses regularly?
Tax time is always a good time of year to get your finances sorted as it’s when we all go through the past year’s expenses. If you’re looking to buy a new property, or just looking at saving some dollars throughout the year, it is a good idea to go through your current finances and expenses to see where you can save a few thousand dollars a year.Read More
Did you know that AfterPay and ZipPay can affect your home loan application? Banks have now applied stricter requirements on lending. Customers applying for home loans are required to disclose what they owe on their AfterPay and ZipPay accounts. This is now part of most banks’ serviceability requirements.
In essence, AfterPay and ZipPay are digital credit platforms that give consumers a temporary line of credit.
With the above in mind, if you use these platforms, it is very important to make AfterPay and ZipPay repayments in a timely manner. Additionally, you need to to avoid any fees and charges for late payments. Late or missed payments can affect your home loan application process.Read More
Most home owners would like to increase the value of their property at some point in time. Whether you are thinking about selling or increasing the equity in your home; Corissa from Refurb2Invest can help to increase the value of your property.
Refurb2Invest is a team of renovation consultants who have successfully helped more than 130 families across Sydney to increase the value of their property. Most importantly, their main aim is to get you higher profits.
The first 20 OneSite Finance Clients to contact Refurb2Invest will receive a FREE Property Audit, valued at $660!Read More
Before a Lender can grant you a loan (or sell you a product on credit), they must ensure that you have the ability to pay the loan back at a later date. If you do not have the capacity to pay the loan back, the credit provider will not be able to approve the loan you are requesting.
Your credit report provides lenders a summary of your credit history. How good you are as a borrower. It helps them assess the risk of lending to you.Read More
Do you have one or more rental properties?
Are you thinking of purchasing an investment property now that the heat is starting to come out of the market?
Are you, like a lot of people in Sydney trying get on the property ladder by buying your first property as an investment then converting it to your main residence later on?
The ATO has changed some of the rules around what you can and can not claim as tax a deduction when it comes to the expenses incurred when you purchase and own a rental property.Read More
As you know, the RBA has cut the cash rate by 0.25% recently. This has added a bit more competition into the home loan market.
Most of the lenders have passed on the full 0.25% reduction on their variable home loan products in an effort to defend their market share.
In addition to the above, Newcastle Permanent have an additional non advertised special which will be available for a limited time, utilising a low cost parcel of funds that they have acquired.Read More
The Treasurer, Scott Morrison handed down the 2016-17 Budget earlier this month stating that this budget is an economic plan, not just another budget.
He says it’s an economic plan that is the foundation of creating jobs and fostering innovation. It broadens a number of the initiatives set out in last year’s budget.Read More