Most mortgage holders will be able to cope if and when interest rates start rising.
That’s one of the findings from the Reserve Bank of Australia’s (RBA) latest half-yearly Financial Stability Review.
Property Investors, beware of tax traps.
Property investors, are you absolutely certain you’re declaring your income correctly come tax time? We’re seeing a very common trend of investors being audited (and worse still, fined) on account of not fully understanding (or perhaps ignoring) some of the guidelines around lawful deductions on investment property.
We look at some common traps…
Millennials are looking for greener pastures, bigger homes and some home loan guidance, report says.
Australian millenials are ready to buy and are on the hunt for larger, suburban properties for their first home purchase, a report commissioned by ING reveals.
ING’s new Millennial Homeownership Report revealed;
· 57% of Australians aged between 22-37 years old are cutting back on indulgent dinners, travel, and even weddings to save for a home deposit.
· 38% of those surveyed are ready to purchase in the next 3 years.
· 61% are happy to live a little out of the city, in un-established, ‘less cool’ areas
· 88% of millennials want to own a home to give them a sense of security about the future
So what’s stopping them?
Insider Tax Tips From A Pro...
It’s that time again!
The financial year is closing in, and we know that means panic for some. But instead of drowning yourself in red wine and chocolate and hiding until July 1, we have an easier solution…
TMFG spoke with Chartered Accountant Jon Madgwick, from J D Madgwick in South Melbourne and asked him to share his, tax tips.
You’re welcome!
At just 24 years of age, Anne has her financial future in the bag.
TM PEOPLE
Anne, new home owner.
One week before her mortgage settled Anne purchased a Chanel handbag. Not willing to divulge how much she spent on it, Anne believes it was a wise investment. And why shouldn’t a 24 year old who’s spent years studying and now has a well-paying, secure fulltime job buy her self a handbag?