Almost everyone is predicting that property prices will surge higher this year. In fact, the newspapers are already full of stories about properties selling well above reserves. Low stock levels are partly responsible for the currently exuberant property market. That exuberance might cool as more stock becomes available. But the RBA and the government do …
Interest expenses are often an investors largest tax deduction. You must realise that the onus of proof is on the taxpayer (you), not the ATO. That is, you must be able to prove to the ATO that your deductions are legitimate. If you are not able to do that unequivocally, you risk the tax deduction …
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 …
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 …
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 …
According to the ABS, the number of people refinancing their mortgage increased by over 63% in the year to May 2020. Quite often people think the only reason to refinance is to obtain a lower interest rate. However, this thinking is incorrect. Typically, you don’t need to refinance to obtain a lower interest rate (more …
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 …
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 …
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 …
Most investors and some homeowners have interest only loans. However, the option to repay interest only doesn’t last forever. Most mortgages have a term of 30 years. Typically, the first 5 years is interest only. After that term has expired, repayments automatically convert to principal plus interest. If you have an interest only loan that …
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