Property and loan related FAQ

Updated: 16 April 2019 (updates are made in blue) We have been receiving lots of questions from clients in regard to managing their finances and investments during the coronavirus shutdown. As such, we have decided to maintain and update this page which provides answers to some of these questions. We will continue to add new …

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Coronavirus financial opportunities and threats – Q&A with Stuart Wemyss

The video below is a recording of a webinar hosted by Stuart Wemyss on 7 April 2020. The content is based on registrants questions and covers four main topics.

  • Share market when, how and where to invest
  • Property market – dealing with tenants and buying now
  • Superannuation – will returns impact retirement, should you contribute more, and should you withdrawing $10,000.  
  • Other matters – leave cash in offset or invest, fixed interest rates, etc.

‘Working from home’ tax deductions

Please note: The ATO announced enhanced deductions on 7 April 2020 which are listed on its website here. With most people being required by their employer to work from home, I thought it would be timely to update you on what deductions you can claim in respect to a home office, and what evidence you …

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Covid-19 and property investment: a market and lending update

The video below is a recording of a webinar hosted by Jarrod McCabe from Wakelin Property Advisory and Stuart Wemyss on 31 March 2020. It covers our thoughts about COVID-19’s likely impact on the residential property market.

During the presentation we coverrred matters such as:

  • The markets reaction and economic impact of the COVID-19 shutdown.
  • Will property prices fall?
  • What should investors do if they suffer financial hardship?
  • Is it a good time to buy property?
  • Why fixed interest rates look attractive now.
  • And we answered some listeners questions.

We apologise that the video is a little fuzzy at the begging but clears up around the 13 minute mark. We hope you enjoy this presentation.

Investing is more a game of lending than it is investing

Author and property investor, Michal Yardney says “real estate investing is a game of finance with some houses thrown in the middle”. People think that the scarce resource is investment-grade property. But the scarce resource is actually borrowing capacity – as everyone has a limit to how much they can and should borrow. In a …

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Message to clients and friends of ProSolution

With the coronavirus situation changing rapidly, Stuart Wemyss has recorded the below video setting out ways the government and banks can help you, particularly if you suffer financial hardship.  Assistance to businesses Click here to download a fact sheet. Access to super Click here to download a fact sheet. Lender contacts Most lenders are …

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My insights on the power of a gearing strategy

Borrowing to invest, particularly in property, has been a very popular investment strategy in Australia. A mortgage is a wonderful servant but a terrible master. If you use mortgages properly, in a risk adverse way, it can be a very powerful wealth accumulation tool. However, if used poorly, it has the power to destroy more …

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What impact will coronavirus have on your investments?

Coronavirus’ impact on share markets is a hot topic at the moment. We’ve seen global markets fall by over 10% between 21 February and 2 March 2020. It seems that the market’s sentiment shifted literally overnight from a state of being arguably ‘over-optimistic’ to being ‘very fearful’. Some of my clients have voiced their concerns …

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