This year’s budget was definitely aimed at business rather than individuals, and it needed to be. The main goal of the federal budget is to create jobs to repair the damage that Covid has done to the economy and Australian community. Therefore, if you already have a job, there’s not much good news for you …
The government made an important announcement last week. This change could substantially increase your borrowing capacity in the next year. It is perhaps the most significant change that has occurred in the last decade and will further fuel property price growth. I also wanted to update you on interest rates, particularly in light of recent …
Update: Since writing this blog the government has announced that it will abolish ‘responsible lending’ rules in March 2021 which means lenders may no longer have to review borrowers living expenses. This change will increase borrowing capacity and increase the supply of new loans. And this will stimulate the property market in 2021 which will …
Below is a recording of a webinar hosted by Stuart Wemyss on 16 September 2020. Here’s a time stamped table of contents to allow you to jump to the sections that interest you the most: 2:00 4 reasons why loan structuring is important 9:10 How to structure your home loan 17:40 How to correctly access …
The compulsory superannuation contribution rate is set to increase by 0.5% each year for the next six years (i.e. from 9.5% to 12%) beginning from 1 July 2021. It is understood that the Federal Government is considering postponing next year’s increase, due to concerns about whether the economy can afford these higher employment costs and …
Investing well is important. However, investing well over long periods of time is most important. Everyone would agree that making a one-time 50% return on an investment is a wonderful outcome. But making a 7% return each year for 40 years is a far better outcome, as it multiplies your initial investment by a factor …
The difference between a great and an average accountant can be significant. Not only is tax one of your biggest annual expenses, but a great accountant should be able to proactively identify other financial opportunities, in addition to tax-saving measures. Typically, the more complex your financial situation is (e.g. if you are self-employed, running a …
This blog’s title is a bit deceptive, because every property you buy is important, for either lifestyle or financial reasons. I contemplated using the title: “why the first property you buy is the most important one”. But the reality is, if you have made a mistake on your first property, you can always start again. …
My professional life has been all about “the numbers” for more than two decades! So, as an accountant and financial advisor, it pains me to say that numbers are not always right! Numbers are factual, verifiable, logical and the ‘robustness’ gives me a lot of confidence. However, when it comes to investing in property, a …
Below is a recording of a webinar hosted by Stuart Wemyss & Jarrod McCabe from Wakelin Property Advisory on 12 August 2020 (the audio for this webinar is also available on the Investopoly podcast). Here’s a time stamped table of contents to allow you to jump to the sections that interest you the most: 4:10 …
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