Mortgage brokers thrive as market share reaches new heights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
The mortgage broking industry is going from strength to strength, now capturing 74.6% of the home loan market, despite interest rates remaining at decade-high levels.
Data from the MFAA reveals that brokers are writing more than seven out of ten home loans, with refinancing emerging as a key driver of growth in the current economic environment.
Using a mortgage broker is a great way to compare your options,
and there are a number of reasons why borrowers are choosing
not to deal directly with lenders.
One of the most effective ways to gain a competitive edge is by attending business conferences, where industry leaders, experts, and innovators come together to share knowledge, insights, and opportunities.
Tax planning is more than just a financial necessity—it's a strategic advantage for businesses of all sizes. By proactively managing your tax strategy, you can significantly reduce your liabilities, enhance cash flow, and ensure full compliance with ever-evolving tax regulations.
Business owners with private companies must understand Division 7A of the Income Tax Assessment Act when withdrawing funds. Unlike wages or dividends, these withdrawals may be treated as loans or drawings, and Division 7A ensures they are not automatically tax-free, preventing potential tax implications.