Granny Flats are quite popular in NSW since the Govt changed the planning laws in an attempt to solve the housing shortage.

However, as popular as they are, the construction cost rarely adds the same amount in value to the House/GF combo.

Two weeks back I went along to the annual budget presentation by Bill Evans, who is the chief economist for Westpac. Each year he forecasts where things are likely to be in 12 months time, but he also reviews his previous year’s forecasts which keep him accountable to the audience. I’ve seen him speak this past 5 years and he’s pretty well on the money. Here are 14 things that I picked up that I believe are relative to you and I…

November / December every year is the best time for a self employed person to source finance, the reason for this is if you’re an organised business and have your returns done (lodged or not with the ATO) then you can work with your broker and ‘select’ which two years to submit.

A long time client came in to see me the other day looking to purchase a block of units. Having just settled on the sale of his business and profiting quite nicely from that, was looking to use some of those funds to cover off the deposits and closing costs for the new unit block. We took a look at the financial statements and tax returns but couldn’t use them for servicing because the business that they represented had been sold.