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June 2016

Prepaying Interest – Why would you?

time and money

Are you looking for tax deductions for this financial year? You could consider prepaying interest on your investment loan. Investors often use this strategy, with the sole purpose of maximising tax deductions on investment properties. However, you may wonder if giving all that money to the bank the right thing to do… To find out more about the pros and cons of prepaying interest… Click here to read the full article on the Finance Detective Blog

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Low Interest Rates – The Winners and the Losers

Everyone knows that interest rates in Australia are lower than they have ever been, but no one knows with certainty what the future holds for rates. Even the most seasoned commentators were surprised with the latest drop after the Reserve Bank’s May meeting. Most predictions are that they will remain at the low end for some time to come, so while borrowers love low rates and savers curse them, what can be done to make the most of the situation? To find out who wins and who loses… Click here to read the full article on the Finance Detective Blog

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