Every year, the Australian Taxation Office announces its key focus areas for tax time. And almost every time, investment property income and deductions make the list as problem areas in which taxpayers commonly make mistakes. ATO assistant commissioner Tim Loh said that all property investors should make sure they include...
How your small business can benefit this EOFY
With the end of financial year (EOFY) fast approaching, now is the perfect time to take stock, balance the books, and get ready for the new year ahead. Given that Australia’s economy is expanding fast and unemployment is at its lowest level since 1974, many savvy business owners will be...
Australia’s home loan wars heat up
Home loan interest rates are on the rise, thanks to back-to-back cash rate hikes from the Reserve Bank of Australia that have seen the country’s official interest rate jump to 0.85%. The RBA’s move comes off the back of the fastest acceleration of inflation in over two decades, representing a...
Labor’s Plans to Tackle Worsening Housing Affordability
Many Australians are locked out of the property market. The latest ANZ-CoreLogic Housing Affordability report estimated dwelling values were, as of March 2022, a record 8.5 times higher than the median annual household income. Now compare that to March 2020, pre-pandemic, when the ratio was sitting at 6.8. However, despite...
What does inflation mean for your small business?
It’s been a rough few years for many small business owners, particularly in Victoria. First, there were all the restrictions and stay-at-home orders that led to Melbourne spending more time under COVID-19 lockdowns than any other city in the world. These lockdowns hit revenue hard, especially for those in the...
4 simple ways to save for a home deposit
Given the median value of a home in Melbourne was over $800,000 in April, it’s no wonder that getting on the property ladder can seem tough. Your biggest challenge? Saving that all-important deposit – which can take years of scrimping and saving. But all is not lost. With a solid...
The ins and outs of financing a business purchase
If you're looking to purchase a business, it pays to work with a specialist financier who has expertise and experience in business finance. Nathan Coad, Director of NMC Finance, recently spoke with Ali Cain, host of the Buy That Business Podcast about what to look for when securing finance for...
Why now might be a great time to think about refinancing
What would you say if we told you some home loan lenders are so desperate for your business that they will hand you thousands of dollars in cash if you refinance your home mortgage with them? Even better, this money can be spent any way you like – whether that's...
First home loan deposit scheme – in simple terms
So we heard on the radio today that over 70% of Aussies see homeownership for first home buyers as almost impossible nowadays. And it makes sense. Now to be fair, we're not sure if it’s actually home prices that are the issue or stagnant wages. Perhaps a bit of both?...
Single parent home loan. Yes, it’s possible!
With more than 60% of marriages ending in divorce, it is no longer seen as out of the ordinary to be a single parent. In fact, single parents are creating a large market of their own within the property market. Traditionally, lenders have frequently struggled to work in this space...