Mortgage Offset Accounts


An offset account is a transnational bank account that is linked to a home loan mortgage account. The home loan mortgage account that it is linked to can either be for residential or investment purposes. You can only link one offset account to one loan account. One offset account cannot provide interest benefits to multiple loan accounts.

The offset account is a tax effective way to reduce the amount of interest that you pay on your home loan. It is tax effective because unlike traditional savings accounts, the interest benefit provided is not taxable by the Australian Tax Office.

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Consider these realities…

Longevity

We are living longer healthier lives.

“I guess it all started about a month ago when I went to see my doctor.

He said I’m probably going to live to be 100.

I’m only budgeted to live until I’m 80.

Don’t you see? I’m living on a fixed income.

All of a sudden, I’m afraid.

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Changes to the Stamp Duty laws mean that investors will no longer receive discounts on Stamp Duty.

The Victorian Government has recently announced changes to stamp duty. Under the current law, all investors purchasing off the plan properties benefit from stamp duty discounts. However, this will no longer be the case under the new legislation.

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We’re excited to announce that Susan Farquhar from Calla Property has been nominated in The Property Investor’s ‘Australia’s Top Ten Property Specialists’. This is an award that recognises the outstanding contribution made by individual Australian property Experts who have collectively shaped the built environment across the country over the past twelve months.

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INVESTORS LOSE $800M !!!

Bad news right?

Well actually the changes aren’t very ‘changed’, more slight modifications.

There are two main areas that will be affected, Negative Gearing and Depreciation.

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Sydney, Melbourne and Brisbane are the three biggest investing hubs in Australia, however according to Core Logic, the city that is achieving the highest rental yields is Brisbane.

As at July 2016 Brisbane’s rental yields were sitting at 4.3% per annum, whilst Sydney and Melbourne were at 3.1% and 3.0% per annum.

This means, if you purchase an investment property at say $600,000 for example, you would receive the rental value of:

Brisbane: $496 rent p/w

Sydney: $358 rent p/w

Melbourne: $346 rent p/w

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Calla Property has just been awarded a place in the ‘Top 75 Investment Blogs and Websites for Property Investors’ roll of honours.

We are very proud to announce that we came 60th internationally and 18th in Australia.

We love bringing news, tips and inside property information to our clients and it’s great to be recognised on the following criteria:

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The Children’s Education Foundation

From all around the world, the incredible challenge women face and the amazing obstacles they overcome deserve to be noticed. Today, we celebrate – and bring to light – the strong girls we sponsor around the world.

The Children’s Education Foundation works to break the poverty cycle by helping girls from impoverished or marginalized communities complete school or receive further education or training.

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 Money Makes the World Go Round

Money Makes the World Go Round

It is surprising schools are still not teaching children about money in this rapidly changing world where financial skills are needed to navigate life.

Establishing good money habits for life, children need to understand the basics such as budget, spend and save.

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Property prices are growing faster than your wages which means that every month you put money aside for a deposit, the market is moving further out of reach.

Millennials from modest families have been brought up with the attitude of keep your head down, work hard, save up and buy your own home first. Unfortunately, in today’s world, where property prices are rapidly growing, that’s no longer an easy option.

‘Rentvesting’ is a shift away from the traditional idea of owning your home with the white, picket fence on the quarter acre block. Society is changing, how we live is changing, so it’s not surprising the way we get ahead through property is changing too.

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