Beware if you are capitalising interest on your investment property loans!

Capitalising interest refers to the practice of adding the accrued or accumulated interest to your loan principal instead of them being paid. In capitalising interest, the loan amount continuously increases, and so does the total cost of the loan. Basically, you are paying interest on your interest. As a result, you pay more and more interest …

New free NRAS Investment Property Calculator released on 26/04/2012

Want to get a minimum of $95,240 CASH over 10 years from Australia government by investing in property? It may sound too good to be true but this is REAL! The NRAS incentive is the only government funded property incentive which you receive cash back even if you have a surplus after tax. So what exactly NRAS means? NRAS is …

New Free SMSF Investment Property Calculator released on 26/04/2012

More and more people are now investing in property through a Self Managed Superannuation Fund (SMSF) because owning a residential investment property within your SMSF can be significantly more tax effective than investing in a property in your personal name. This is because when a super account is in accumulation phase, the CGT tax rate …

Do you think NAB will keep the home loan interest rate low?

[poll] National Australia Bank boss Cameron Clyne hasn’t ruled out a hike in his bank’s interest rates, but has pledged to undercut rival when it comes to the pricing of mortgages. Mr Clyne said interest rates “will move around” but NAB will be the best deal of the major banks. NAB currently sells variable mortgages …

Beware of Bankwest – A Message from Unhappy Banking

About 400 angry ex-Bankwest customers say the bank has been colluding with property valuers to force commercial borrowers to default on their loans. The Perth-based bank is facing two potential class actions over the way it re-valued assets and called in the loans of hundreds of its small to medium-sized business clients after a takeover …