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Real estate expert John McGrath reveals an interesting shift in homeownership dreams. While the desire for standalone homes is fading, property ownership remains a goal for many Aussies.🏡💭 According to McGrath, more Australians are adjusting their expectations and opting to purchase units instead. But here’s the twist: they aren’t necessarily living in them!🤔 Many are embracing the “rentvestor” trend, using

Tax season is approaching once again, and while property investors usually rejoice in the form of a substantial tax credit, accountants find themselves overwhelmed with work. However, it’s crucial to stay on the good side of the AustralianTaxation Office (ATO) by keeping a few things in mind. The ATO has intensified its efforts to combat incorrect tax returns from rental

Inflation has never been driven by consumer demand. Rate hikes are not the solution; therefore, rates must reach their peak and decline rapidly. During the initial five months of 2023, inflation stood at 1.2%, equivalent to a monthly rate of 0.24%. When annualized, the inflation rate for this calendar year thus far reaches 2.88%. Our targeted Consumer Price Index (CPI)

Investing in positively geared properties can significantly improve your financial capacity and allow you to continue borrowing for further investments. One of the greatest advantages of positive cashflow properties is that they not only cover their own expenses but also generate additional income for you. Over the long term, these properties accumulate equity and contribute to wealth creation. In the

As of May, new listings added to the market were -20% below the previous decade monthly average across Australia. The reasons behind investors selling their properties are not entirely clear, as individual circumstances may vary for each listing. Without direct communication with the vendors, the specific drivers remain unknown. However, there are several factors that could potentially be influencing these

In its 2023 budget, South Australia reinforced its commitment to the property market by eliminating stamp duty for First Home Buyers. With increased investments in the property market, history has shown us that prices tend to rise in directproportion to buyers’ savings and often even exceed expectations. At the time of settlement (when the land you have purchased transfers to

I can now provide borrowers a way out of the high interest rates they are getting from their current bank after the fixed rates end. CCR or non-CCR. There are 2 options – and interest savings depend on which method we can use. Eligibility Criteria for non-CCR Existing loan over 12 months oldNo changes of employment within 6 monthsGood repayment

I can now provide borrowers a way out of the high interest rates they are getting from their current bank after the fixed rates end. CCR or non-CCR. There are 2 options – and interest savings depend on which method we can use. Eligibility Criteria for CCR Customers who are refinancing must be listed on their credit file Customers current

There’s a choice to make: Do you prefer to hear the good news first or the bad news? Let’s start with the bad news. Unfortunately, the current state of the economy is experiencing a per capita recession. In fact, if we look at the GDP figures for the March quarter, the only reason it showed a positive growth was due

Australian cities, towns, and suburbs need to embrace growth and higher density housing. With a return to record levels of overseas migration, it is evident that a Big Australia is on the horizon. However, while the federalgovernment is committed to resolving skill shortages through migration, the housing supply is falling behind. Currently, population growth is outpacing dwelling growth, leading to

Selling a business is complex and requires careful preparation. Bookkeepers play a vital role in facilitating a successful sale and maximizing the value of the company. Here’s how they contribute: Organizing and Presenting Financial Records: Bookkeepers ensure financial records are accurate and organized, instilling confidence in buyers and streamlining the transaction process.Conducting Financial Analysis: Bookkeepers analyse financial data, identifying areas

In my work as a finance broker I see many people looking to buy their home and get into the property market, and struggle to find the deposit. Some ideas I saw posted this week :- I make my own morning LatteCook. Eating out is phenomenally expensive.I try to keep my car until it gives me reason to replace it.Buying