A word from your Mortgage Broker...

Now more than ever is the time that you should be banking on your Mortgage Broker. With increasing interest rates, a royal commission and the ever-changing landscape around bank policy, accessing funds have become a real challenge.

Depending on your occupation, you may rely upon several sources of bonus income. However, as bonus income may fluctuate from month to month, some lenders may not include this when they determine your capacity to repay a loan.

Did you know we have a bank that accepts 100% of your bonus income?

Sold in 7 Days!

Oak Property Partners are proud to still be achieving positive results in the current property market.

Just recently, we sold this oversized 1 bedroom apartment within 1 week of being put up for sale! A great result for the team and our delighted vendor.

Oak Property Partners – our premium property sales and management unit.

What are the 3 main risks of buying off the plan?

Uncertainty in relation to the finished product you are going to receive once / if the project is completed
Uncertainty in relation to the time it takes for the project to be completed
Uncertainty in relation to your ability to obtain finance once/if the project is completed

*Andrew Diong of Diong & Associates is our in-house Solicitor with over 8 years of experience in property.

Until the end of 2018 we will be gifting our existing clients their choice of either a Coles, Westfield or Dan Murphy’s gift voucher to the value of $100.

So, how do you get your hands on these? Refer a friend or family member – it’s that easy. The only condition is the new referral attend a face to face consultation with one of our super staff to discuss all of their Oak needs. Don’t forget to have them mention your name so we know who to send the reward off to. So what are you waiting for? Get sharing!

The Accountables...

Oak Business Partners – ATO Hot Spots

Changes to HELP Repayment Rates & Thresholds – from 1 July 2019 the current repayment thresholds will be replaced with new ones, specifically a new minimum repayment income threshold of $45,881 will be introduced with a 1% repayment rate. There are a further 17 thresholds with a maximum threshold of $134,573 with a 10% repayment rate.
Cryptocurrency & Tax – Guidelines on the tax treatment of cryptocurrency have recently been updated. Specifically, additional guidance on the practical issues of exchanging one cryptocurrency for another and record keeping requirements. For further information refer to the ATO website.

For further information on the above or any other tax related matters please contact the Oak Business Partners at hello@oakbsp.com.au.

Auction Clearance Rates

*Source – Core Logic – RP Professional Data

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