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Westpac set to rock property market by pulling out of SMSF lending

Westpac set to rock property market by pulling out of SMSF lending

https://www.afr.com/real-estate/westpac-set-to-rock-property-market-by-pulling-out-of-smsf-lending-20180716-h12q72

Mum & Dad investing through SMSF, particularly in residential property are in a high risk invironment due to lack of diversification and the banks don’t like it.

Other major lenders will surely reassess their lending practice’s and may well follow suit.

http://www.melbournetaxdepreciation.com.au

https://www.afr.com/real-estate/westpac-set-to-rock-property-market-by-pulling-out-of-smsf-lending-20180716-h12q72

Interest rate rises are inevitable and 1.5% on $750,000 means an extra $90,00 dollars per week.

Interest rate rises are inevitable and 1.5% on $750,000 means an extra $90,00 dollars per week. Using a Depreciation Schedule can save investors at least $160.00 per week.

Visit http://www.melbournetaxdepreciation.com.au to learn more.

Home loan customers should prepare for interest rate rises

https://www.adelaidenow.com.au/business/economy/home-loan-customers-should-prepare-for-interest-rate-rises/news-story/e5035cb9edbd3ec74d687b544f178adf

Shared from my Google feed

This is a must read for all residential property investors including the vast number of ‘mum & dad’ investors and…

This is a must read for all residential property investors including the vast number of ‘mum & dad’ investors and younger investors for that matter.

For personal advice on Tax Depreciation claims contact us at www.melbournetaxdepreciation.com.au

Regional property owners could be hardest hit by Labor’s plans

https://www.theaustralian.com.au/national-affairs/regional-property-owners-could-be-hardest-hit-by-labors-plans/news-story/bfbfe80d4bae080c342f24a279956128

Shared from my Google feed

https://www.theaustralian.com.au/national-affairs/regional-property-owners-could-be-hardest-hit-by-labors-plans/news-story/bfbfe80d4bae080c342f24a279956128

Post 9th May 2017, there are new rules governing previously used residential investment properties.

Post 9th May 2017, there are new rules governing previously used residential investment properties. More than incidential use, say 1 night here and there or an occasional weekend, will come under the definition of previously used, meaning now Div 40 deductions allowed.

This article gives information on related situations governing investment properties.

For further information visit us at www.melbornetaxdepreciation.com.au

http://amp.abc.net.au/article/9593834

What are the risks of making an investment property double as a holiday home?

OWNING A HOLIDAY HOME MAY NOT BE THE SMARTEST DECISION YOU EVER MADE

This article is food for thought and additionally, for those considering such an investment, you will be affected by the recent changes to negative gearing.

Amongst the changes are the inability to claim cost of travel to your property for inspections or maintenance.

Your own use of the property other than an occasional weekend or overnight stay would prevent you from claiming deductions on plant and equipment items under Division 40.

For more information visit our website http://www.melbournetaxdepreciation.com.au

or phone us today to talk to our specialist quantity surveyors.

The risks of making an investment property a holiday home

https://search.app.goo.gl/Gc4T

https://search.app.goo.gl/Gc4T