Has your property improved in value since the time you purchased it or last had it valued? What would it mean to realise that capital improvement without selling the property?
A new bathroom, a family holiday or even purchasing a new property..? Recently, a client who had a very favourable bank valuation completed on his property was able to access a large sum of equity. Eryk was able to show this client how to (a) pay down all non-deductable debt, such as Credit Cards and (b) purchase an Investment Property.
Not only did the client have a second income stream through rental income, but a more tax efficient position with the benefits of Negative Gearing and a Depreciation Schedule.
Eryk and Victoria understand home and investment lending structures and, in coordination with authorised tax agents, are able to provide sound guidance around tax efficient lending structures.