Last week we looked at the recent Budget’s ‘big picture’ – the unexpected surplus of $4 billion. This week, we take a closer look at some of the specific announcements. There were no really ‘big’ announcements (other than the surplus); rather there were a suite of smaller changes.
Now that the election is (finally) behind us, it is time to remember that the end of the financial year is just around the corner. June 30 is a bit less than five weeks away. So, now is the time to make sure your super contributions are up to date.
If you keep an ear out on the investment world, you will hear a lot said about risk. But many people do not really understand risk, so this week, as something of an antidote to the politics dominating the airwaves, we thought we would spend some time talking about it.
Most parents worry about providing for their kids’ future. The specific way in which you save for your kids’ future might vary, but the essential principle is the same: the best way to help your kids is simply to maximise your own wealth.
In recent articles we've explored the personal and general reasons why many Australians choose not to sell their family home as they move into and through retirement. In this article, we look at ways that make keeping a family home easier once you stop working.
You may have heard the phrase, ‘asset rich, cash poor.’ No one likes to hear anything with the word ‘poor’ in it, but if you have to be poor, this is the best way! If you or someone you love is asset-rich and cash-poor, there are various ways that you can use those assets to improve your financial situation.
For households with at least one person aged 65 or over, the Australian Bureau of Statistics recently compared average household wealth between those that owned their own home and those that did not. The difference was enormous and the message is clear: owning a property – or a similar kind of asset - is critical in creating wealth. Our job often includes identifying that similar kind of asset.
As of the 1 January, the Commonwealth Government’s First Home Loan Deposit Scheme comes into effect. The scheme lets borrowers get a loan with only 5% equity saved. Places are filling fast, so if this could be of interest, get in touch with us ASAP.