Most of banks offer many features with their loan products these days and figuring out which option(s) work best under your specific circumstance could be a daunting task.
I have had many people asking me whether they should choose Redraw or Offset facility when buying their home and especially if they want to turn it into an investment property later on.
Redraw is a basic feature that comes with the entry level products from almost all lenders whereas the offset feature will cost you either a monthly account fee or a yearly fee depending on the lender.
Let us look at the two scenarios separately and their tax implications.
In recent years, buying off-the-plan properties has become increasingly popular, especially with the high-rise apartments in the Melbourne CBD. We will save the high-rise apartments discussion for another time and just focus on the pros and cons of buying off-the-plan today.
Most of us have bought a car by now. Did you have a hard time deciding whether you should buy a new or used car?
I am sure you have heard people debating the pros and cons of buying a new vs second hand, and to be quite honest, it is a similar debate when it comes to purchasing your investment property.
In this week’s post, let us have a look at the upsides and downsides of each option