This week's post is a guest blogpost from Michelle Harvey at First Preference Financial Solutions.
Now is the time to start thinking about interest in advance as most lenders will want your applications processed before mid-June.
What is interest in advance?
Where you pay the interest for the coming year prior to the end of the current financial year, which enables you to claim the payment in this year’s tax return.
Should I use this strategy?
Your accountant or financial planner will be able to advise you if this is of benefit for your particular circumstances. We can help you with your application if your advisor deems this suitable for you.
Stamp Duty Concession Reduces July 1
Thinking about buying? Well you might want to get a move on. Thanks to the budget stamp duty concessions limits on the purchase of established properties will reduce from $500,000 to $430,000 from the 1 July 2014.
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