Many clients say to me that they want to keep their unit that was previously their home as an investment property. I’m going to share with you why this is not a smart financial move.
home loan
Buying shares versus paying down home debt
I’m working with a new client who saved $300,000 to invest. Feeling they did not know what options were available to them, they sought advice from another Financial Planner on where to invest their savings.
How can a young couple build a 40% home deposit?
Young couples under 40 are dropping out of home ownership due to steep price rises in Sydney and Melbourne.
Couples may need 40% deposit to afford Sydney home repayments
For young Australians, one of the biggest challenges they face is the ability to own their own home. In our practice, we are seeing more and more clients who believe that the dream of home ownership is out of their grasp. Increasingly, we meet younger clients who believe purchasing a home and being able to […]
Five ways to prepare for rising interest rates
With interest rates at half-century lows, we have become accustomed to living in a world where we can borrow money at an interest rate of less than 5% per annum. For the last two and a half decades, central banks around the world have used interest rates as a tool to control inflation. Inflation is […]
Do I boost my super or reduce my home loan?
Does it make sense to make additional concessional contributions to superannuation if you still have non-deductible debt such as a home loan? The maths is simple for an average couple on the average tax rate. If $1 of earned income is paid to their personal bank account, the tax man currently collects 39 cents in […]
Using interest-free finance wisely for home renovations
If our passion for television show “The Block” is anything to go by, Australians like to renovate (or watch other people renovate!). Many of my clients are joining an army of renovators and I can sympathise as my wife and I have just completed a kitchen renovation while expecting our second child. So, if you […]
Funding a first home deposit with a lump sum contribution
A straight-forward strategy to assist children and grandchildren with a first home deposit by parents, grandparents or other persons is to invest a single lump sum contribution (e.g. $5,000) in an Insurance Bond the investments objective is for long-term accumulation for a dedicated purpose and the Bond vesting for a nominated child at a particular […]