Not feeling the budget love? 4 ways you could still get ahead
Feeling the pinch after the latest budget announcement? Here are some strategies to boost your finances and get closer to your property dreams.
The 2024 federal budget has been unveiled, but if you're looking for more ways to save and grow your wealth, we've got you covered. Here are four steps you can take right now:
Explore First Home Buyer Assistance in Queensland, Australia: Disappointed by the lack of support for first home buyers in the budget? Don't worry, there are still plenty of options available. Consider schemes like the Home Guarantee Scheme and the First Home Owner Grant, along with stamp duty concessions and the First Home Super Saver Scheme. Unsure about eligibility? Get in touch with us to learn more about the schemes you can access, whether you're in Townsville, Brisbane, the Gold Coast, or elsewhere in Queensland.
Seize Rate Savings: Why wait for the Reserve Bank of Australia to cut rates? Many homeowners are already taking advantage of rate relief by refinancing their home loans. With billions worth of loans refinanced recently, there's potential for significant savings by switching to a lower rate loan. Contact us today to see how much you could save.
Leverage Property Equity: Property values have been on the rise, leading to increased home equity for many homeowners in Queensland. This equity can be utilised as a deposit for investment properties, opening up new opportunities for property investors in Townsville, Brisbane, the Gold Coast, and beyond. Reach out to us to discuss unlocking your home equity and venturing into property investment.
Benefit from Tax Relief: Tax savings are on the horizon with Stage 3 tax cuts set to kick in from 1 July. While the immediate impact might seem modest, these savings can enhance your borrowing power when buying a home or investing in property. For example, a single person earning £100,000 could potentially increase their borrowing capacity by £21,000. Similarly, a couple with a combined income of £150,000 could see their borrowing capacity rise by almost £30,000. Contact us to learn more about how tax cuts could boost your property journey.
Ready to Take Control of Your Finances? If you're craving more financial freedom than the budget offers, it's time to act. Whether you're a first home buyer, homeowner, or property investor in Queensland, we're here to help you navigate your property journey. Reach out to us today for personalised insights and advice, whether you're in Townsville, Brisbane, the Gold Coast, or elsewhere in the state.
To learn more, contact Premium Finance Group Australia at (07) 4720 8888 or email us at finance@pfga.com.au.
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