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Newsletter | Your Monthly Finance Tips

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Welcome to my August newsletter! I’ve rounded up four exciting stories about property and money:

1. Do houses or units have a higher rental yield?

2. Four most common mistakes made on Tax Returns.

3. Can your job get you a better loan?

4. Negative home loan rates now in Denmark!

If you’re in the market to move house, invest or just refinance your existing loan, I’m here to help. There are some very competitive deals in the market!

Call me now on: 0402 408944


Do houses or units have a higher rental yield?

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If you’re looking to invest in property soon, I’ve sourced the latest rental yield data for houses and units across all capital cities to help you compare property types.

If you’re looking at investing in a house or unit anytime soon, it’s important we speak. I can help you forecast your cash flow and together, we’ll find the right lender for your specific investment goals.

How is rental yield calculated?

Rental yield is calculated by multiplying the weekly rent by 52 (number of weeks in a year) and then dividing that number by the price the property was purchased for.


The four most common mistakes with Your Tax Return

It’s now the time of year many Australians get around to filing their taxes and even the Australian Taxation Office recommends to wait until August before making a submission. With that in mind, here are the four most common mistakes people make with their taxes, according to the ATO:

1. Failing to report all of their income.

2. Claiming the wrong things.

3. Forgetting to keep receipts.

4. Claiming for something they never bought.

The ATO plans to use data-matching technology to make sure everyone declares all their income this tax time.

“We will be analysing over 650 million pieces of data from banks and financial institutions, employers, the sharing economy, rental property managers, cryptocurrency exchanges and share registries."

If you've got an investment property and you want to improve your home loan interest rate charges for next year's return, I'm more than happy to review your current loan and help you find a better deal.


Special Deals for Special Jobs

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The ABS chart above outlines the average wages in Australia, but did you know that if you work in a special role or industry, you can access special home loan products and rates not available to others making the same amount of money?

Here’s a small sample of the types of jobs that are eligible:

• Athletes

• Doctors

• Lawyers

• Entertainers

If you want to find out if your current role might be eligible for a special home loan product or rate. Please call me on: 0402 408944


Negative Home Loan Rates Now in Denmark!

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Jyske Bank in Denmark has slashed its mortgage interest rate to less than zero. Home loan borrowers can now get a 10-year mortgage at -0.50%.

How does it work?

Jyske Bank says, “we don’t give you money directly in your hand, but every month your debt is reduced by more than the amount you pay.”

Another Danish bank is planning to offer 20-year loans at 0%. Outrageously, though, it’s planning to charge interest on its 30-year loans (0.50%).

Give me a call if you want to have a chat about this!