What is lenders Mortgage Insurance? LMI is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. As required by Australian Banks, Borrowers’ who have less than 20% deposit of the property purchase price are charged LMI by finance lenders this is an extra cost over and above the standard fees and charges related…
Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 was introduced into parliament on the 7th of September 2017 and included legislation changes which will negatively affect residential property investors across Australia. Announced in the 2017 Federal Budget, the amendment denies tax deductions for the decline in value of ‘previously used’ or ‘second hand depreciating assets’…
It happened last time and it’s happening again now. In Victoria and NSW the introduction of First Home Owner concessions like stamp duty cuts is bringing young buyers back into the market. And this is good news as they’re taking over form investors, who are generally looking in the same price bracket, but are currently…
