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How to get the most from your tax refund

So you’ve just met with your accountant and received the exciting news that you’re getting a tax refund. Congratulations! Immediately, ideas start rushing through your mind on how to spend every last dollar. But are you spending it efficiently and effectively? It’s important to get the most out of your tax refund so you can…

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l1st

Prepaying Interest – Why would you?

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…

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l1st

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…

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Frequently Asked Questions - Rates/Accounts

Interest rates and loan accounts can sometimes be difficult to understand. You probably have lots of questions... What is a fixed rate? What is an offset account and how does it work If a couple purchase a property in 1 person’s name, can both incomes be used to qualify the loan? These are just a…

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l1st

I should review my finance... But where/how do I start?

At the Doctors Drum event we attended recently, we found a common sentiment to be: “I know that I should review my finances, because there are better deals out there. But, it’s not easy, and I don’t have the time to do it.” This is not necessarily the case. If you speak to a finance…

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Frequently Asked Questions – Settlement/Post Settlement

Settlement and post-settlement can be confusing times. You probably have lots of questions... When is my first loan repayment due to be paid? How do I transfer the funds from my old offset account to my new offset account? What actually happens at settlement? These are just a few of the questions that we are…

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l1st

Property values falling... How could this affect me?

Question of the Month: “A colleague has been asked by his bank to reduce his loan with them, by paying it down with some cash he has. This is due to the decrease in his property values. Could something like this happen to me?” Good news for our client - he is in a position…

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I’m looking for finance... Should I use a broker?

I am often asked: “Why should I use the services of a mortgage or finance broker, when I already have a private banker?” I often begin my response with the following question: “Who does your banker work for?” The response being: “The bank, of course.” Therein lies the issue. The role of a private banker…

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l1st

Changing or buying indemnity insurance

Changing insurers of any sorts can be tough and medical indemnity insurance is perhaps the toughest to change. Even when it’s just your car insurance, nobody likes to explain in detail all their previous accidents and claims, especially if there are multiple incidents. When it comes to medical practice, the likelihood you need to notify…

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l1st

Redundancy.....it may happen to someone you know

Redundancy.....This most likely will not happen to you as medical professionals. However it may happen to someone that you know.   With the recent news headline, ‘WA unemployment rate hits 13-year high’, it has definitely put the pressure of job loss front of mind for many Australian workers, going into the new year. If you…

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