With the financial year ending in 4 weeks, many clients – especially those who are self employed or who have complex income – are beginning to turn their attention to tax planning. It’s a good instinct. When it comes to home loans and investment loans, your financials and tax returns are more than just a […]
Call your accountant
Ep #114 – HECS changes now live, higher borrowing capacity
https://media.blubrry.com/longpropertyshow/content.blubrry.com/longpropertyshow/Episode_114-HECS_Changes_Confirmed.mp3Podcast: Play in new window | DownloadSubscribe: RSSIn our previous episode, we flagged some important changes on the horizon for HECS assessments — and as of this week, those changes have officially gone live. For anyone with student debt, this is big news. Borrowing capacities have now increased, in some cases quite significantly — especially […]
Ep #113 – Ignoring HECS for higher borrowing capacity
https://media.blubrry.com/longpropertyshow/content.blubrry.com/longpropertyshow/Episode_113-Will_Banks_Ignore_HECS.mp3Podcast: Play in new window | DownloadSubscribe: RSSRecent policy reforms could significantly boost borrowing capacity for many Australians, particularly first home buyers… Under the changes, certain lenders may now exclude student debt/ HECS commitments from serviceability calculations, effectively increasing how much borrowers can qualify for. This shift could open the door for more aspiring homeowners […]