Owning an investment property is a little like running a business. It provides a great source of income and builds personal wealth but inevitably comes with a series of costs that hit your bottom line. The excellent news for property investors is that many of these expenses are tax-deductible. Tax advantages are not just available…
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A common source of confusion among property investors revolves around the difference between a market appraisal and a valuation. Each report focuses on the worth of a property. They’re popular with investors who’ve chosen to cash out or are planning to sell and upgrade rather than expand the number of properties in their portfolio. Let’s…
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Property renovation is not only a great way to improve the value of your biggest financial asset but a sensible strategy to enhance your lifestyle without the expense of buying a new home. State government stamp duty fees are significant in most states. If you love your neighbourhood, it can make little sense to go…
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It’s not uncommon to need to refinance your home as your lifestyle and aspirations change. Perhaps you want to buy a bigger home or invest in a major renovation that can’t be covered by the equity you’ve earned from regularly paying down your mortgage. Or perhaps the way your mortgage is structured doesn’t allow enough…
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The continuing boom in property prices has tempted many homeowners to invest in renovations to maximise the value and then put their home straight on to the market. There’s no doubt you stand a better chance of enjoying a great return on your investment if you modernise your home. Properties that enjoy a mix of…
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Managing cash flow can be a major challenge in running a small business. Even the most experienced and savvy owner can have moments when cash is stretched tight through no fault of their own. It’s important to understand cash flow and its critical role. It’s a catch-all term for money flowing in and out of…
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Taking a personal loan is a tried and trusted way to access money to purchase an item important to you, or to help you overcome short-term cash issues. There’s an almost endless list of reasons why you may need a personal loan. Some of the most common motivations include buying a car, meeting medical expenses,…
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With the price of electricity through the roof these days, it’s no wonder that Australia has become a world leader in the domestic adoption of solar panels. Australia has the highest uptake of solar globally. Figures from the Clean Energy Regulator show that more than 2.68 million rooftop solar power systems have been installed in…
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Finding a good tenant isn’t easy which is why it can be valuable to hire a good property manager. Focus on a prescribed set of qualities that make a good tenant rather than relying on intuition. And remember that the Fair Housing Act is designed to ensure any selection criteria is applied equally to all…
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The finance industry is one of Australia’s most competitive with new products launching almost every month to win customers. Its focus on innovative ways to help Australians achieve their financial goals means the loan you took out ten or even two years ago may no longer be the best deal in town. As an experienced…
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