House Prices Continue To Improve
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceHouse prices continued to improve in the last months of 2012, according to the latest figures released by the Australian Bureau of Statistics. Preliminary estimates show the price index for established houses in the eight capital cities rose 1.6% in the December quarter 2012. This was the strongest quarterly growth in almost three years. In the final quarter of 2012,... Read more
A Win for Borrowers: No More Exit Fees
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceThe Government called it a “victory for Australian families” when mortgage exit fees were abolished on all new home loans since 1st of July 2011 as a measure to promote competition in the banking system. The smaller lenders will now compete vigorously by offering cheaper interest rates, and the pressure will keep the rates low at the big banks so... Read more
Property Investors Too Often Missing Out on Cash Flow Gains
Written by Stephen Ryan, Director - Edney Ryan Chartered AccountantsWe’ve recently had several property investors come to us with an assumption that their investment properties constructed prior to 1984 will not allow any significant depreciation for the cost of construction. This is not entirely correct and we fear there are too many investment property owners failing to obtain all the benefits of the allowable deductions for their property. Consider... Read more