Tax Tips for Property Investors: Rental Income Explained
Anyone who owns an investment property knows that the main source of income comes down to one thing: rent. Your rental and other rental-related income is the full amount of rent and associated payments that you receive (or become entitled to) when you rent out your property. The rental income also includes rent or associated […]
Tax Tips for Property Investors: What is Capital Gains Tax (CGT)?
You’ve secured an investment property, or maybe you’ve got a couple under your belt – great! What’s next? It’s time to brush up on your tax knowledge; specifically, captain gains tax. Capital gains tax (CGT) – what is it? If you acquired a rental property after 19 September 1985 (or have made certain capital improvements […]
Purpose of a budget calculator?
Budget Calculator A budget calculator is a tool that helps individuals and businesses plan and manage their finances by creating a budget and tracking expenses. This tool allows users to input their income and expenses, and then calculates the difference between the two to determine if they are living within their means or if they […]
Should You buy Or rent ?
Buy v/s Rent Renting versus buying a home is a decision that depends on various factors such as your financial situation, lifestyle preferences, and future plans. Renting can be a good option for people who are not ready to commit to a long-term residence, plan to move frequently, or have a limited budget. Renting requires […]
Significant Positive Balance of Trade
Significant Positive Balance of Trade: A Beacon of hope Amidst Economic Turmoil for Australia As many economies, including Australia, are facing the possibility of recession, it’s important to note that there may be a silver lining. Australia’s balance of trade, or the difference between the value of our exported goods and services and imported goods and services, […]
Positive Cashflow Property in SMSF
Bought this strong cash flow positive property in SMSF earlier this year We concluded purchase of this amazing block of 3 units for SMSF clients. 2 couples joined hands to form SMSF to buy this property. It was a combination of self employed and salary & wages employees. Challenges: Being a block of 3 units […]
Strong capital growth Investment Property in SMSF
Self employed client buy following property in SMSF We supported the client’s purchasing investment property in SMSF in a challenging situation. Client bought this in a capital growth area with the aim to grow wealth for retirement. Challenges The client had only 1 yr.’s super contributions which typically is typically a no go zone for self-employed […]
Principal & Interest V Interest Only loans
Typically, home loan repayment will have principal and interest components. Thus, reducing your home loan gradually. However, with interest only loans, only interest is paid each month, leaving original principal amount outstanding at the end of interest only term. This means for example at the end of 2 years interest only term you will still […]
5 ways to shift your money mindset
When we look at our personal finances – it seems easy to create healthy habits. Make sure to spend less than you make, invest in your future and don’t buy things for the sake of buying them. But putting this mindset into practise is much more complex than one would think. Understanding where money struggles […]
A beginners guide to investing
The world we live in is drastically different from five years ago, and it continues to change. After the pandemic’s peak in March of 2020 – there was a spike in young Australians looking to invest their money into stocks. But around 64 per cent of those adults didn’t know how investments worked nor how […]