Month: April 2021

The impact of tax deductions on investment property

Property is a popular investment asset that contains a number of significant advantages including income generation, capital growth, resistance to major market downturns and substantial tax deductions. Although tax deductions and offsets shouldn’t be the key reason to invest in property, if you have purchased a property make sure that you use every concession available …

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5 ways to benefit from record low interest rates

Interest rates have never been lower, and it’s possible they might fall even further. This creates opportunities for householders and businesses, so how can you best take advantage of low interest rates? Pay off your debt more quickly By maintaining constant repayments as interest rates fall, you’ll reduce the time it takes to pay off …

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Why low-interest is causing high interest in property

Buying an investment property is a well-worn road to riches for many Australians. Despite a few ups and downs residential housing has delivered strong returns over many years, and experts predict property prices will continue to rise in the foreseeable future. The key driver of this growth is record low interest rates. On the one …

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Surging Property Prices Push Australian Household Wealth to record high

The wealth of Australian households has increased at the highest rate in over a decade, and the largest contributing factor is unlikely to come as much of a surprise: rising property prices. New figures released yesterday by the Australian Bureau of Statistics (ABS) show that total household wealth rose by 4.3% to a record high of $12,033.5 …

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How are responsible lending laws changing in 2021?

It’s been more than two years since the banking royal commission handed down its recommendations for reforms across financial service industries in Australia. The maintenance of responsible lending laws was part of the package, but in the economic wake COVID-19, this is being reconsidered by the Federal Government. In March 2021, a bill to repeal …

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