Big Four raise rates despite RBA hold
The Big Four banks have decided to break ranks with the Reserve Bank and raise their mortgage interest rates.
Turning your existing home into a rental property
There are many reasons why homeowners may choose to change their current principal place of residence (PPOR) into an investment property. Perhaps they are looking to upgrade to a larger – or perhaps downsize to a smaller – model, and wish to retain the original property as an investment, or maybe they have been geographically relocated due to work obligations. Regardless of the reason, there are numerous factors that homeowners, and subsequent investors, should be aware of when making the switch, especially in regards to tax.