How your first property purchase impacts your future wealth.
How your first property purchase impacts your future wealth. You’re doing your numbers and realise you can only afford to buy a property for $650,000. An online search shows that you don’t have many options in this price range in the areas you want. Do you compromise on size and quality to buy in the […]
Inflation and Immigration, a match made in heaven.
I recently enjoyed a beautiful weekend away with my family at a quaint 1930s cottage in the Royal National Park. Next door to us was the original pre 1840s cottage built by Charles Gogerly, and is believed to be oldest home in the Sutherland Shire. Charles owned another two, 22 acre lots which he purchased for […]
When was the last time you checked your super?
There are two major problems with super funds in Australia, which are costing Australians $3.9 million per year. People usually have multiple super funds People have their super in chronically underperforming funds Let’s start with the first problem. Each super fund account has annual fees and default insurances automatically attached to the fund. All […]
Negative interest rates are negative
You might have seen negative interest rates in the news recently. There are also a lot of factors pointing to another interest rate cut by the RBA. Our cash rate is currently at 1.00% and there isn’t much more room for further cuts. Which brings me to negative interest rates.
Broker behind you
The Mortgage and Finance Association of Australia recently launched a national awareness campaign of the importance of mortgage brokers and the role they play in getting the best deal for customers. Mortgage brokers are responsible for 55.7% of mortgages written in Australia and that number has slowly crept up since the mid 90’s, which is […]
What’s your gap?
When you are young, retirement is usually so far away that you don’t even consider it, but it’s never too early to start considering what investments you need to make now to have enough income when you retire. This exercise is a powerful way to take control of your retirement without having to rely on […]
Saving money series – check yourself before you wreck yourself.
Is the policy you took out two-years ago still right for you today? These days you can pretty much insure anything from valuables, cars, houses, pets, lives and even certain life events. Most people with Superannuation funds have built-in insurance policies that they may not even know about with the premium being deducted from their […]
Tax cheat sheet
It’s that time of year and your accountant can only do the best they can with the information you provide them. So here are a few things to consider when doing your tax. Working from home Working from home is tax-deductible. The 9-5 job doesn’t exist anymore and we usually take our work home with […]
Purchasing property series – pre-purchase checks.
It’s Saturday morning and you’ve just viewed a property that you absolutely love. You’re trying hard to contain your excitement so the Real Estate Agent doesn’t smell the desperation, or if you’re like my wife, you’re dancing in the backyard of your potential purchase singing, ‘I love this place, I love this place, can we […]
Our obsession with property values
When you buy a property to live in, usually the intention is to own your home, not how much it’s going to up in value over the next 12 months. Your purchase is full of emotions. Things like where you are going to put the couch and which wall you will hang your TV on […]
