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…the place where we pool our thoughts on all things wealth-related
Business owners who purchase their workplace property through a self-managed super fund (SMSF) can pay rent to themselves, rather than a landlord. Using your SMSF, you can purchase the property in which you run your business. You can then lease this commercial property back to your business – you become the tenant and you pay…
Australian brokers are among the lowest paid in the world, according to a new global research report by the Finance Brokers Association of Australia (FBAA). The study looked at remuneration structures in Australia, Canada, Holland, New Zealand, South Africa, the UK and the USA. It found that lenders in Australia pay brokers an average remuneration…
As a first-time property buyer, it can be hard to know which is the best way to enter the property market. Should you buy a property as an investment to rent out, or should you wait until you can afford to buy your own home to live in? A Google search on the topic is…
Your relationship has broken up but you decide to stay on in the family home. How you handle your mortgage will help smooth the way for you to buy out your ex-partner’s share of the property. It’s not as simple as removing your partner from the mortgage agreement Australian law forbids a person from taking…
Here are four easy ways you might be able to legally reduce your tax bill as a property owner without cheating the system. 1. Own your property for at least 12 months before you sell You might be keen to sell your investment property straight away, but if you can resist for 12 months you…
As parents and children age, familiar family roles often switch, which can mean children supporting their parents financially. From providing housing to navigating government benefits, there are numerous ways that adult children typically assist their ageing parents. However, there are various factors that need to be taken into consideration based around each individual’s circumstances. These…
What’s made news recently? Australian Economy Grows 1.1% in Q1 2016 The latest national accounts data show that the Australian economy grew by 1.1% in the March quarter. This contributed to the 3.1% growth posted over the year. The figure was above market forecasts for 2.8% annual GDP growth and is the fastest expansion since…
It is important to think of strategies that you can use to ensure that you are ready for any future shocks. Here are some tactics that you can employ to make your home loan ready for the future.
Each lender has it’s own application process that needs to be navigated. They all have their own criteria that they use to “knock out” weaker contenders to ensure they abide by the responsible lending legislation. Knowing what punches to look out for and how to move around them avoids you taking a hit. Here are some…
If you believe your financial decisions will greatly affect your future, then it’s time to put plans into actions. These are three basic steps that can help you reach your financial success.
