Stuart Wemyss 
I typically strongly recommend to property investors to never contribute any cash into an investment property acquisition. I’m not suggesting that you should blindly borrow more and therefore pay more interest. What I am suggesting is that if you have cash to contribute towards an investment that you do so indirectly using an offset account. …
Thousands of Australians head offshore each year to live and work overseas indefinitely, thereby ceasing their Australian ‘tax’ residency. However, there can often be confusion about the tax implications for taxpayers who take advantage of such offshore opportunities. A taxpayer who is a resident for Australian tax purposes is taxed on their Australian sourced and …
Last week the Prime Minister announced that the “Government will establish a Royal Commission into the alleged misconduct of Australia’s banks and other financial services entities”. You might think this is good news, but I expect that this will be yet another waste of taxpayers’ money (and time). The role of banks has changed significantly …
The ultimate aim of investing is to build wealth. Current and future tax liabilities can have a significant impact on your ability to build wealth. Simply put, the less tax you pay, the more money you keep for yourself. Therefore, taxation is a major consideration. That said, tax consequences should never drive investment decisions alone. …
We have settled over $1.5 billion in mortgages over the past 15 years (it’s our anniversary this month). Over this time, we have had less than a handful of clients go into arrears (i.e. late payments) and none default on their mortgage(s). Our clients represent an excellent credit risk to the banks. Given this, we …
Quality professional advice almost always pays for itself. That is, a good lawyer will help you reduce risk or save money. An astute accountant will help you minimise the tax you pay. A reputable financial planner will make your money work very hard for you. Assuming the professional advice is of a high standard, the …
There are many reasons why people are attracted to borrow money to invest in bricks and mortar. One of the most common reasons is the ability to offset the cost of owning the property against assessable income – a strategy known as ‘negative gearing’. Negative gearing occurs when the operating costs of a property is …
Understanding how banks set interest rates can help you make better informed decisions, particularly in regard to identifying the best lender to use. There are three main factors that influence rates. And some products and lenders may be influenced by only one or two of these factors. 1) Cost of funds ‘Cost of funds’ refers …
Many clients are surprised by how thorough the loan approval process has become. The government has put pressure on the banks over the past 18 months to tighten up their credit assessment processes. The purpose of this blog is to give you an overview of what the banks look at, what questions they ask and …
How do you identify the best superannuation fund or managed fund? It would seem logical to compare the net investment returns (after fees) over various periods of time and select the one that has produced the best results. But you would be wrong. This approach will not necessarily identify the funds that will produce the …
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