Khader Hasan 
If you want your property purchase to be as stress-free and successful as possible, it’s important to follow a methodical process that begins even before you start looking at online listings. The first thing you should do is reduce your spending and increase your savings rate at least three months before you apply for a home loan … Read more
If you find yourself owing money to the Australian Taxation Office (ATO), and you weren’t prepared for it, there are options available to you. What happens if you fail to make your tax payments on time? According to the Australian Taxation Office (ATO), they will first contact you. From there, the ATO will apply the … Read more
In its meeting today, the RBA board decided to hold the cash rate at 4.1%, giving reprieve to homeowners. As interest rates have increased in line with the cash rate hikes over the last year, it has become harder for some mortgage holders to refinance their home loan. However, to overcome this, some lenders are … Read more
As more Australians look for ways to minimise their carbon footprint, a growing number of lenders are backing them with ‘green’ loans. Green loans, also known as sustainable loans, are loan products that can be used to finance the purchase of energy-efficient homes, the construction of energy-efficient homes and green renovations. They can also be … Read more
The instant asset write-off, which was due to expire on 30 June 2024, was recently extended by another 12 months, which means eligible businesses can continue taking advantage of this tax benefit in the 2024-25 financial year. Under the instant asset write-off, eligible businesses can immediately deduct the full cost of eligible assets under $20,000, … Read more
It’s commonly said you need a 20% deposit to qualify for a mortgage. However, more than three in ten new home loans actually have smaller deposits, according to the latest data from APRA, the banking regulator. There are five main ways borrowers can buy a property with less than a 20% deposit. Lenders mortgage insurance … Read more
One of the hardest parts of buying a property can be saving the deposit. A guarantor home loan could give buyers the chance to enter the market years ahead of schedule by using a guarantor (generally a parent or close relative) to cover some or all of the deposit. As a result, buyers could potentially … Read more
The federal government’s Stage 3 tax cuts will take effect from 1 July, which will benefit the borrowing power of the average home loan customer. Starting from the 2024-25 financial year, the new tax thresholds will be: $0 to $18,200 – 0 cents in the dollar. $18,201 to $45,000 – 16c. $45,001 to $135,000 – … Read more
There’s been a welcome reduction in properties being urgently listed for sale, which usually occurs due to financial difficulty on the part of the vendor. There were 5,100 ‘distressed listings’ across Australia in May, which was 2.5% less than the month before and 8.5% less than the year before, according to SQM Research. That said, … Read more
The Australian Taxation Office (ATO) has flagged three key areas of concern at tax time – one of which is tax returns by property investors. The reason the ATO is focusing on investors is because, in previous years, 90% of investors have made mistakes on their tax returns. “This year, we’re particularly focused on claims … Read more
