Finance can be so tedious. With a new month, comes another rate cut but this means that you can save more money. Matters of personal finance may be presumed so dull and/or difficult that they are immediately filed in the too-hard basket and people are often slugged with a 'lazy tax' - the price paid...
The most common reason for a delay is a lender’s turnaround time to assessment, especially when some lenders have competitive offerings and experience larger application volumes. Still, a lack of preparation can cause this delay to snowball.
You can’t claim an immediate tax deduction on capital assets such as a car, plant and equipment, property, etc. Instead, you need to write off the cost over a period of time. This tax-deductible write-off is called depreciation.
It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan.