Over the past few weeks I have seen a couple of financial plans produced by firms that have experience in providing advice on investing in residential property (i.e. not the traditional managed fund/shares type advisors). Unfortunately, the quality of the advice was very poor and not worth the fees paid in my opinion. It …
All the clowning around in Canberra last week is likely to have increased Shorten’s chances of winning the next election. So, will the ALP’s proposed changes to negative gearing and capital gains tax spell the end for property investors? Why the change? According to the ATO[1], approximately 2 million Australians invest in property and 61% …
When was the last time you claimed something on your health insurance? If you claimed anything at all it was probably for something obvious like dental or optical. One of the major reasons Aussies don’t like private health insurance is that they perceive it as providing very little value for money. The fix? Claim more! …
Whilst historically ATO audits were targeted at big business and the wealthy, this has changed. Now more than ever, individuals, business and self-managed superannuation funds are at risk of being selected for an audit, investigation or review. The Commissioner of Taxation, Chris Jordan has confirmed the ATO has been instructed to undertake random audits targeting …
Last week, I highlighted some evidence that indicates investment-grade apartments in Melbourne are perhaps intrinsically undervalued. The topic of this week’s blog is all about whether a house or apartment makes a better investment, specially: If your investment budget is $1.3 million or more, should you invest in one house or two apartments? If your …
I wrote this blog in February suggesting that I thought investment-grade apartments were intrinsically under-valued. Well, according to Jarrod McCabe, director of Wakelin Property Advisory, “the investment-grade apartment market in Melbourne is showing signs of growth this year”. My view that apartments are intrinsically under-valued has become even stronger over the last 6 months and …
Some interesting information and data has been released this week which I would like to discuss with you. Variable mortgage rates will probably rise soon Interest rates that apply to interbank lending have increased significantly since the beginning of the year. These benchmark rates are used to set the banks borrowing costs. This benchmark rate …
Are you a spender or saver? Do you find it hard to stick to a budget? Do you find it difficult to save towards a goal? For some people, saving money comes easy to them. For others, it’s like pulling teeth. You might need to adopt a different investment strategy depending on your answers to …
I wanted to communicate an important change in the lending marketplace. If you have ever contemplated using your super to invest in residential property with borrowings, you must work out if its appropriate and advisable to do so now as your window of opportunity is closing. A major lender in this space, St George/Bank of Melbourne announced today …
It’s a tough outlook for residential property — but there can be opportunities for the serious long- term investor at times like these. Auction clearance rates have also fallen dramatically over the past year, especially in Melbourne and Sydney, where they were above 80 per cent this time last year. Recent figures suggest that auction …
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