MoneyQuest - Casula

If you’re currently leasing, it may be worth exploring whether your business could purchase a commercial property instead.

In some cases, business owners use commercial lending or structures like SMSFs to acquire their premises.

Of course, it’s not the right fit for every business. Costs, lending criteria, and structure all play a role. But it may be worth understanding what options could be available to you.

If you’d like to learn more about what’s available to you, feel free to reach out today and let’s review your options.

Disclaimer: You should seek financial, tax and legal advice before considering these options.

The government has announced major changes to negative gearing, capital gains tax, investor property rules and Instant Tax Write Off for business owners.

So what does this ACTUALLY mean for everyday Australians?
• First home buyers may receive a tailwind from less investor competition.
• Future investors could lose some tax advantages when it comes to negative gearing and CGT. Existing investors may have some protection under “grandfathering” rules.
• Property prices may stabilise in some areas, with the intention of a more even property game.
• Rents could still rise due to ongoing housing shortages.
• Business owners take home a permanent status of the Instant Tax Write Off benefit.

Every borrower, business owner and investor's situation is different.

If these changes have you cautious, concerned or optimistic, know that we're here to help. Borrowing is a marathon, not a sprint, and there's no need to do it alone. Reach out to us today.

In some cases, it may be possible to purchase a property with less than a 20% deposit, depending on your individual circumstances and lender criteria.

Options that may be available include:
• Using equity from an existing property.
• Accessing eligible government schemes.
• Lender’s Mortgage Insurance (LMI).

Each option has its own requirements, costs, and risks so it’s important to understand what’s right for your situation.

Reach out today to explore your options.

Disclaimer: This post is for general info only and should not be taken as finance or credit advice. Always speak to your local MoneyQuest broker before acting.