Borrowing to Renovate

WHAT YOU NEED TO KNOW.   You’ve been dreaming of that new kitchen and dining room for as long as you can remember, and now the time has come to put your plans in motion. But do you really have the budget to afford the works? Here are a few things to think about before making the leap from Pinterest … Read More

Renovating the Smart Way

AVOID THESE FOUR MISTAKES Never renovated a property before? Here are four mistakes to avoid when it’s home improvement time.   Mistake 1: Not doing enough research Don’t start work without knowing the details. You need to research building materials and tradespeople, and understand the legal and regulatory aspects of a renovation. Find out how much materials and tradies cost. … Read More

Depreciation Explained

Property Investors: Save Money on Your Tax Property investing can be complex and confusing. It’s important for property investors to be aware of all aspects of investing, particularly tax depreciation. To explain simply, depreciation is a tax deduction available to property investors. As a property investor, your investment property earns income through rent from tenants, for example, which means there … Read More

Top 5 Reasons to Refinance Your Home Loan

A home loan is generally a long-term proposition, but in some situations it can make sense to refinance your mortgage. Refinancing involves taking out a new mortgage and using those funds to pay off your existing mortgage. Doing so can save money and result in significant financial gains over time. Here are some things for you to consider if you’re … Read More

First Home Buyers Grant

First Home Buyers Grant Buying your first home can sometimes feel a little overwhelming but can also be a wonderful and enjoyable experience. We all want to make the most of our first home purchase, the Great Start Grant can be a great way to start. When it comes to buying your first home, knowing what government assistance is available … Read More

RBA Interest Rate Announcement May 2nd 2016

Today the Reserve Bank of Australia met at its monthly meeting with the board decided to slash the official cash rate to a record low 1.75%.   This latest 25 basis point reduction comes as a surprise to most economists but is welcomed by mortgage holders. This latest cut represents about $3b to the Australian economy, which the RBA hopes … Read More

Sammut Bulow Property Tips

Sammut Bulow Accountants & Business Advisers   Some of Sammut Bulow’s accountants recently attended the NTAA Property & Tax seminar at the Hilton Hotel, Brisbane. The day was filled with hot tips aimed at taxpayers involved in the property industry.   Below are 5 of the top tips for rental properties received from the seminar. To discuss the tips in … Read More

Equipment Finance

A REAL Solution Many of you are well aware of what equipment finance (Chattel Mortgage, Lease, Hire Purchase) is and the role it plays within your business. Equipment Finance facilities provide advantages to business over cash purchases or utilising overdraft facilities for a number of reasons. However, something you may not be aware of is the risk appetite lenders have … Read More