Monthly Archives: April 2020
A Mortgage Review Can Help You Get Lower Interest Rates
Australia is experiencing a weakening housing market and the Reserve Bank has no choice but to further reduce the already low-interest rates.
You may notice that while mortgage rates are nearing all-time lows, you’ll barely see any changes in your home loan rates. As a borrower, it’s your responsibility to do...
Stricter Terms for Availing Deductions on Vacant Land
Before the Treasury Laws Amendment Bill 2019 was enacted, the cost for holding a vacant property was largely deductible. According to the ATO’s guidelines, deductions can be applied on the vacant land that’s intended to be developed in the future for income-generating purposes.
Holding the vacant land can’t be regarded yet...