Due to the impact of coronavirus, many people are having to navigate unexpected changes in income and expenses for the first time in their life. This is something I have been talking about over the past few weeks with clients, during presentations and podcast interviews. Cash flow management is the cornerstone of successful wealth accumulation. …
A few months ago, a reader of this blog asked me to analyse two options. Option one is to borrow more money to fund an upgrade of your family home and consequently enjoy tax-free capital gains. The second option is to invest in property. The reader wanted to know which is the best option, net …
CBA Economics stated last week that property price declines are “inevitable”. It has forecast that prices will fall by circa 10% in Melbourne and Sydney over the next 6 months. It cited many reasons for this forecast including higher unemployment, lower economic activity, lower mortgage volumes, falling rents and fewer overseas buyers. I wanted to …
If there is one certainty in life, it’s that there’s always going to be some uncertainty. Of course, there are times in our lives where there’s higher levels of uncertainty, which can be very stressful. But, to a degree, we all have to become comfortable with some level of ‘uncertainty’ and learn how to dance …
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 …
The video below is a recording of a webinar hosted by Stuart Wemyss on 7 April 2020. The content is based on registrants questions and covers four main topics.
Please note: The ATO announced enhanced deductions on 7 April 2020 which are listed on its website here. With most people being required by their employer to work from home, I thought it would be timely to update you on what deductions you can claim in respect to a home office, and what evidence you …
The video below is a recording of a webinar hosted by Jarrod McCabe from Wakelin Property Advisory and Stuart Wemyss on 31 March 2020. It covers our thoughts about COVID-19’s likely impact on the residential property market.
During the presentation we coverrred matters such as:
We apologise that the video is a little fuzzy at the begging but clears up around the 13 minute mark. We hope you enjoy this presentation.
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 …
With the coronavirus situation changing rapidly, Stuart Wemyss has recorded the below video setting out ways the government and banks can help you, particularly if you suffer financial hardship. Assistance to businesses Click here to download a fact sheet. Access to super Click here to download a fact sheet. Lender contacts Most lenders are …
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