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Albany’s property market has become increasingly competitive, especially in popular suburbs like Spencer Park, Bayonet Head and Yakamia. One of the best ways to give yourself an edge as a buyer is to get pre‑approval before you start making offers.   What Is Pre‑Approval? Pre‑approval is when a lender looks at your income, expenses and overall financial situation and gives you a conditional idea of how much you can borrow. It’s not a final loan approval, but it’s a reliable g

Many farming businesses are profitable over the course of a year, but income is often received in large seasonal amounts, while expenses and loan repayments continue on a regular basis. This mismatch can place pressure on cash flow during planting, growing, or holding periods, even when the overall business is performing well. Monthly repayments can draw on cash reserves at the wrong time and increase reliance on short-term funding. In many cases, finance can be structured to

How a Redraw Facility Works A redraw facility allows you to make additional repayments directly into your loan and then withdraw those extra funds later if needed. When money is redrawn, it is treated as a new borrowing. From a tax perspective, the purpose of the redrawn funds matters. If funds are redrawn and used for personal expenses, such as living costs or private purchases, the interest on that portion of the loan is generally not tax deductible, even if the original lo

The tax implications of grain contracting decisions differ depending on whether a farming business is above or below the 2 million dollar aggregated turnover threshold. At the same time, any strategy that defers cash receipts will have cash flow implications that need to be planned for.