THINKING OF RENOVATING?
It can be possible to renovate and upgrade your property without having to utilise money from your savings account and improve your after tax cash flow.
If you have some equity in your property, a re-draw facility or line-of-credit you may be able to free up funds and upgrade your property. Your Accountant and/or Mortgage Broker will be able to guide you on how to do this.
Better news still, often the increased rental yield achieved, extra depreciation claimable on the upgrades, and the extra loan interest can combine to actually increase the dollars in your pocket at the end of the financial year.