Blog

  • New depreciation rules proposed for residential property investors

    The Federal Government has proposed adjustments to depreciation legislation in the 2017 Budget. Under the new rules which are yet to be legislated by Parliament, investors will be able to depreciate new plant and equipment assets within a new property and items they add to their property; however subsequent owners who acquire a property after […]

  • The importance of advising life insurance to clients applying for a mortgage

    There are many things an average household can live without, but for those considering purchasing property, life insurance is certainly not one of them. Mortgage brokers take care to ensure those getting into the property market have fully considered their financial repayment responsibilities into the future. Paying a mortgage is a huge commitment and life […]

  • How are Monetary Policy decisions made and how is it implemented?

    How are Monetary Policy Decisions Made? The formulation of monetary policy is the primary responsibility of the Reserve Bank Board. The Board normally meets eleven times each year, on the first Tuesday of the month except in January. Hence the dates of meetings are well known in advance. For each meeting the Bank’s staff prepare […]

  • HOW THE BANKS ASSESS A LOAN APPLICATION

    Banks are in the business of supporting sound and viable financial decisions, therefore every request must be considered on its own merits. Banks have to consider risk and return and ask, is this a viable proposition? Banks are required to make prudentially responsible lending decisions by the Australian Prudential Regulation Authority (APRA). This means, for […]