Quick Guide: Claiming on Interest Deductions
At Duo, the success of our clients is at the forefront of our minds. We work with many investment property owners, and we receive a lot of questions surrounding interest deductions at tax time. In fact, the Australian Tax Office (ATO) has shared “almost one-third of people made mistakes when claiming their interest deductions”. It is important to us that […]
The Victorian ‘Home Buyer Fund’
The ‘Home Buyer Fund’ is a Victorian Government initiative to assist eligible homebuyers. The scheme allows buyers to have a deposit as small as 5% of their purchase price, whilst still being able to avoid costly Lenders Mortgage Insurance through these government contributions. The Fund offers contributions through a ‘shared equity scheme’. This scheme means […]
What medical professionals need to know before applying for a loan
‘Medico Policy’ is a special package offered by lenders to those in the medical profession. These policies take the stability and growth opportunities of a medical professional into account along with the analysis that those in a medical profession have a statistically lower risk of defaulting on a loan. There are several different benefits that the borrower in these professions can receive, and they vary from lender to lender. Medical professionals […]
Commercial Property Investment – Business Premises
Its not uncommon for our clients to ask our opinion on their property investment plans – especially when they are considering a commercial property. ‘What do you think of this property?’ ‘Is this a good return?’ What kind of loan can we get?’ This is always hard to answer as there are so many variables […]
Seeking Finance for Commercial or Business Purposes
This article highlights two key factors to consider when applying for business or commercial finance – business insights/information and financial information. The common feedback we get from business owners who have tried to obtain finance is that the process is difficult, painful and often very time consuming. There are many reasons for this such as […]
Commercial Property Investment Insights
The commercial property sector has seen some signs of life again in early 2021 following the depths of the COVID-19 pandemic during 2020. Although uncertainty around the property market and wider economy as a whole still exists, investors are back in the market for quality commercial investments and are looking to take advantage of record […]
Property investment: our pre-purchase checklist
Investment in real property, such as residential real estate, is likely to be a lengthy process and one that usually involves a plan for the long term. To ensure you have considered what is required before making the big purchase, we’ve outlined steps you need to take in that process. 1. Make the commitment A […]
Five ways to fund a home renovation
Considering transforming your home from ‘banal’ to ‘brilliant’, but lack the funds to support your makeover? Never fear, we’ve rounded up five home renovation finance options that could help turn your dream into reality. 1. Equity Release / Top Up Home Loan This is probably the most common way people borrow money when they want […]
Buy Now Pay Later – the hidden dangers
The Buy Now Pay Later sector is winning-over the youth demographic with the promise of instant gratification, but leading mortgage brokers are warning that with every sugar-high comes the risk of a corresponding low. ‘Buy Now Pay Later’ providers such as AfterPay and Zip Pay have experienced massive growth in popularity, with the number of […]
Explainer: fixed rate loans
With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, […]