You’re a Brisbane homeowner with a $450,000 mortgage on your principal residence. Every year, you pay approximately $28,800 in interest at 6.4%, none of which is tax deductible. Over the 25-year life of your loan, you’ll pay over $400,000 in interest, and...
Here’s a scenario that happens to Brisbane property investors every tax season: You’ve used $180,000 of equity from your principal place of residence to purchase an investment property in Coorparoo. You’re paying $12,600 in annual interest on that...
