BMT Tax Depreciation specialise in maximising depreciation deductions for property investors Australia-wide.
In this issue we look at the Pros and Cons of downsizing, plus our business partners Mortgage Express offer their guidance on interest rates, choosing between a fixed and variable rate.
Should you lock in your interest rate for a fixed period? Or take a chance on interest rates dropping even further and choose a variable rate? Unfortunately, there’s no simple answer to these questions. To help you make an informed decision, we’ve outlined the pros and cons of fixed and variable interest home loans.
Many Australians change their smoke alarm batteries once per year. For a landlord or property owner, smoke alarm compliance is much more than just changing a battery and testing an alarm.
With the Winter season comes indoor pursuits. It’s the perfect time to clean up and decorate around the home. Try ‘upcycling’, the popular transformation of discarded or useless items into something new or useful. Here are a few ideas for inspiration.
Whether you are retiring, looking to free up some capital, or simply wanting to de-clutter, downsizing can offer some real advantages – but it also comes with some downsides. We weigh up the pros and cons of making this lifestyle change.
PRO: A smaller home means smaller bills
If you are looking to save on daily living costs, downsizing into an apartment or smaller home usually means you will save on basics such as heating costs, electricity, and house insurance.
The laundry often isn’t somewhere we spend much time on when it comes to renovations or updates, but it is a room where many of us spend a lot of time each day. The importance of the laundry in daily living means it could be a deal-maker for potential buyers, so consider these tips to help you ‘clean up’ at sale time.
Timing is often a challenge when it comes to buying a new home and selling an existing one. In a perfect world, both transactions would happen simultaneously. In reality though, you could end up owning two properties while you sell your existing home. That’s where bridging finance comes in.
Claiming depreciation on an investment property can make a significant difference to a property investor’s cash flow.