Making financial assistance available to members of a self managed super fund (SMSF) was the number one most common compliance mistake for SMSF loans during 2012, according to the Australian Taxation Office’s (ATO) recently released report on the top 10 SMSF mistakes. This type of activity accounted for 20.9 per cent of contraventions reported to […]
Read More
While there are many property hot spots popping up around Australia, certain demographics are finding it difficult to enter the market, particularly first home buyers. However, initiatives put in place in Victoria are helping to encourage first home buyers in the state and benefit the housing market. Treasurer Michael O’Brien announced in a January 7 […]
Read More
In positive news for Australian consumers, private sector credit growth expanded during October. According to a November 29 release from the Reserve Bank of Australia (RBA), total credit provided to the private sector increased 0.3 per cent during October on a month-over-month basis. This followed an identical monthly increase during September. On an annual basis, […]
Read More
Low doc loans are a finance product available to people who are finding it difficult to borrow through traditional means. This is often because they do not have the financial statements or tax returns they need to get approved – usually due to being self-employed or having a less-than-stellar credit history. However, low doc loans […]
Read More
Having an Australian Business Number (ABN) is vital if you are thinking about becoming self-employed, otherwise companies you deal with can hold up to 46.5 per cent of payments to you for tax purposes. An ABN will also be required by anyone hoping to obtain credit in the form of a low doc loan – […]
Read More
Many people could benefit from refinancing their mortgage, but some may find it a daunting prospect when faced with different lenders, products and rates at every turn. To help you understand why mortgage refinancing may be to your advantage, here are three top reasons for making a switch. Cheaper rates The Reserve Bank of Australia […]
Read More
Improving your credit score by even a small amount can help your chances of being approved for a bad credit mortgage. Whether you’ve made financial mistakes in the past or you’ve been the victim of circumstances outside of your control, a bad credit score can limit your borrowing choices. A bad credit mortgage may be […]
Read More
Securing a home loan from a traditional lender can be a challenge if you’ve ever encountered financial difficulties in the past. However, bad credit mortgages can give you the chance to buy your dream home in spite of the money problems you may have faced. So whether you’ve suffered a long period of ill health […]
Read More
Low doc home loans can be the perfect solution for people who are finding it difficult to qualify for a traditional mortgage, for example if you are self-employed. However, should you apply for low doc loans, there are still a number of criteria that will be assessed before you will be approved. Here is a […]
Read More
However, simply jumping on the bandwagon is never a good idea when it comes to something as important as financial investment for the future. Pros of SMSF loans One of the primary benefits of buying property with an SMSF loan is preferential tax treatment. If you purchase a property […]
Read More
