Top 10 home loan offset calculators reviewed – are they correct?

Download the home loan offset calculator used in this article (Excel). How does home loan offset work? An offset account is a transaction account that can be linked to your home or investment loan. The credit balance of your transaction account is offset daily against your outstanding loan balance, reducing the interest payable on that loan. With a …

Learn how much you need to invest now if you want to retire on property

The latest Association of Superannuation Funds of Australia research shows that, in general, a couple looking to achieve a comfortable retirement needs to spend $57,195 a year, while those seeking a ‘modest’ retirement lifestyle need to spend $33,120 a year which means that the average couple need a lump sum of about $660,000 to survive …

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 …

The most common misconception about negative gearing

The most common misconception about negative gearing is that it allows you to reclaim the entire shortfall between rental income and expenses from your tax bill. The reality is that only a proportion of the above-mentioned losses can be claimed, in line with your marginal tax rate. So if you pay tax at 30 per cent, you can claim …

New Home Rent or Buy Analysis Calculator released on 15/07/2011

New Home Rent or Buy Analysis Calculator released on 15/07/2011. The improvement included in the new rent or buy property calculator is the net present value (NPV) across 30 years. Almost all the other similar rent or buy calculators do not provide NPV comparison while when comparing NPV of the two options (rent vs buy) …

Free Mortgage Refinance Cost Recoup Calculator released on 11/11/2010

Given the recent interest rise some home owners might think to refinance their current mortgages. I thus built this free Mortgage Refinance Cost Recoup calculator to help people to make the  decisions. When you refinance a mortgage, you have to spend money and time to save money. So you have to crunch a few numbers …

New Free Mortgage Stress Calculator released on 27/10/2010

This free Mortgage Stress Calculator is built to help you find out whether you are experiencing mortgage stress. What is mortgage stress and how is it measured in Australia? Mortgage stress defined as a situation in which homebuyers are paying more than 30 per cent of disposable income on home loan repayments, according to National …

Should I take the risk to buy an investment property or just leave the money in a term deposit?

I think one of the most fundamental decisions any property investor has to make is whether to invest in property or term deposit, i.e. “how much more will I make with my money by taking the risk and buying a property and is it worth it or should I leave the money in a term …

Free refinance mortgage calculator makes it easy to refinance your home loan

Although it was a simpler process to refinance a mortgage than applying for a new loan, many homeowners are not sure about the potential savings from refinancing mortgages. Indeed, whether you can save money depends on the new interest rate, new loan term, new repayment, when to refinance, and the consideration of resale. Majority of …

Is the Ultimate Property Calculator suitable for managing investment properties?

Well, yes and no. In the sense of yes, you can include your existing properties into the calculator. You can input all the rental related information, income information, expenses, and tax information etc on a yearly basis. However, the Ultimate property investment calculator is an investment property analysis program not an accountancy program so you should …

Can I get free update for Investment Property Calculator?

Yes if you purchase the standard, professional, or ultimate version. Not only one year, two years, or three years free update, you get lifetime free update. Whenever there are updates on income tax scales, capital gain tax, stamp duty, land tax, and medicare levy, etc, update will be made to the the standard, professional, or …

Please put 2 percentage points buffer when you buy property

According to Macquarie Group interest rate strategist Rory Robertson, you should at least put 2 percentage points buffer on your home loan interest when you buy your dream home. ”Indeed, another 2 percentage points worth of higher mortgage rates over the next couple of years wouldn’t surprise,” he said. The Reserve Bank today released the …