If you own a Hybrid Discretionary Trust, you’d be fully aware of the attention the ATO has been giving them in recent years. Well now it’s the lenders turn too, and they have lost their appetite for them to the point there are now only three banks that will accept a property held in a Hybrid Trust as security. If you do not meet these three lenders servicing criteria then you may have to sell.
READ POSTProperty spruiking is alive and well here in the nations capital. These bottom feeders must have no conscience at all, how do they sleep at night knowing that the person they just sold not one, but two properties to, has no way to settle unless they sell their family home.
READ POSTGranny 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.
READ POSTTwo 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…
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