
Articles
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1 week ago |
brokerdaily.au | Jack Campbell
From 1 July 2025, the Australian Taxation Office (ATO) is implementing changes to income tax deductions. Taxpayers will no longer be able to claim an income tax deduction for ATO interest charges. This will place added pressure on Aussie SMEs. Pepper Money’s head of mortgages Siobhan Williams said brokers should be proactive in communicating these changes with clients. There are options that can make the transition easier for SME owners.
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1 week ago |
brokerdaily.au | Jack Campbell
Brighten has announced that its commercial lending products will now be available to brokers operating under aggregators Finsure, YBR, and outsource Financial. Brighten’s director, head of sales and distribution, Chris Meaker said “evolving” broker needs place a strong emphasis on diversified offerings. “The broker market is scaling rapidly, driven by increasing diversification and an entrepreneurial spirit.
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1 week ago |
brokerdaily.au | Jack Campbell
Peter Dutton’s Coalition Government announced the First Home Buyer Mortgage Deductibility Scheme. The new policy allows for tax deductions on mortgage interest payments for first home buyers on new build homes, for the first five years of the mortgage. Under the First Home Buyer Mortgage Deductibility Scheme: First home buyers who purchase a newly built home as their principal place of residence will be eligible.
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1 week ago |
brokerdaily.au | Jack Campbell
Franchising brings unique opportunities and challenges. Luke Coates, who operates Ringwood and Echuca Aussie branches, has spent the last decade building his brand. Coates worked for ANZ before beginning his career with Aussie in 2015. He purchased a franchise in Ringwood, in East Melbourne, off of a franchisee duo looking to retire. One of the owners decided to stay on as a broker through the transition as he wasn’t quite ready to retire.
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1 week ago |
brokerdaily.au | Jack Campbell
Rentvesting has been steadily gaining momentum. One study found there has been a 21.4 per cent increase, growing two times faster than the 9.1 per cent increase in owner-occupier loans. This mirrors a recent survey that found that 54 per cent of first home buyers would consider rentvesting, a 4 per cent increase from 2024.
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