Y.I.Finance » You're Important

Don’t miss out on a smart investment opportunity because your cash is tied up! Learn about deposit guarantees….. What is a deposit guarantee? A deposit guarantee or deposit bond is a guarantee to a vendor, by an insurance company, that the vendor will receive their 10% deposit even if you default on the contract of sale. The insurance company is guaranteeing that you DO have and WILL have the 10% deposit at settlement. Deposit Guarantees can often simplify the process Read More…

If you’re approaching retirement age you might be starting to think about investments, superannuation, tax minimisation, pension eligibility and more. One of the biggest decisions for many retirees is whether to stay in the family home or downsize to smaller or ‘retiree’ accommodation. Everyone is downsizing Downsizing is on the increase and as a result, there has been increased demand for villas, townhouses and units, and in some locations driving the prices up, so it’s important to be aware of Read More…

Many investment property owners fail to claim all allowable tax deductions because they are unaware of what they can claim. Regardless of the property investment strategy you adopt (positively or negatively geared) there are benefits in claiming all possible deductions. Tax time is just around the corner so review the list of possible deductions below and get your receipts ready! Initial borrowing expenses stamp duty charged on the mortgage loan establishment fees title search fees charged by your lender costs Read More…

Helping your kids to get a home loan can start at an early age. We have previously highlighted the benefit of completing a budget. Sticking to it – even better! In this era of making every dollar go further it can pay to involve your kids in money matters at an early age. Teach them the value of money and how to use it wisely. After all, it could be the parents that benefit the most! Five key tips are: Read More…