My sons will turn 10 in January next year and I worked out the Melbourne median price could be circa $1.4 million by the time they are 20 years old. This means that a 10% deposit plus stamp duty will cost them over $200,000! Where will a 20 year old get that sort of money …
The mortgage market is pretty challenging at the moment. So much is changing on a weekly basis – interest rate discounts, credit policy and service platforms and processes. I estimate it probably takes us twice as much work to establish a loan than it did 12 to 18 months ago. Take 2 minutes to read …
I am an analytical person by nature which is probably why I enjoy finance. I feel most comfortable when decisions can be made on numbers and logic alone. But the older I get, the more I appreciate that things are rarely ‘black and white’. Or put differently, if you treat things as ‘black and white’ …
How much of your super is invested in the Australian stock market? If it’s more than 30% then please take 3 minutes to read this blog. Between 1995 and 2007, the average capital return on the Australian stock market was 14.5% p.a. A $100,000 invested in January 1995 would have been worth $554,000 by December …
I realise that most people in their 20’s and 30’s pay very little attention to their superannuation because they cannot access it for 30 to 40 years – or possibly longer. In fact, it’s likely that the government will push out the retirement age (i.e. when you can access super) to match the aged pension …
Below I have set out a summary of the personal tax and superannuation changes announced in the budget on 3 May 2016. In summary, the tax benefits associated with contributing into super for higher income earners (i.e. > $250,000 p.a.) are proposed to be scaled back. Whilst it is still largely beneficial to contribute the …
Click here to download a printable PDF I think we should no longer try and attract clients that need to build wealth and motive them to do so. Instead, aren’t we better off working with clients that are already motived to build wealth and show them how? Most people will work for approximately 40 years …
Click here to download a printable PDF Do you regret not investing in property 10 years ago? Do you feel like you have missed the boat and wonder if it’s still worth investing now? What separates successful investors from the rest? History leave clues… so read on. For the last 14 years I have met …
With interest rates at historic lows and more talk of further interest rate cuts, many clients are wondering if they should fix their interest rate. Less flexibility It is important to note that fixed interest rates have less flexibility than variable rates. That is, if you break a fixed rate loan, you could be up …
I’m often asked by clients whether they should pay for their car using cash savings or fund it via a lease. One theory suggests that you should not use debt to fund personal-use (depreciating) assets. This relates to the good-debt versus bad-debt principal. That is, if you use debt to purchase a depreciating asset you …
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