The federal government has announced that it will expand access to its Home Guarantee Scheme, which lowers the barrier to entry for first-time buyers and single-parent families into the housing market and does away with the need for mortgage insurance. With a deposit as little as 5% for first-time homebuyers or 2% for single-parent households, …
First Home Buyers Scheme – Buy your first home with 5% deposit Read More »
Buying an investment property can be an effective strategy for building wealth and securing your future. It can help improve cash flow, offers tax benefits and is seen as more stable than other investments. Many Australians don’t take the first step towards purchasing an investment property as they believe it’s unaffordable and completely out of …
The time has come: you’re ready to begin growing your wealth and now you have to decide whether you should invest in a concrete asset like property or embrace the flexibility of shares. Sound familiar? Don’t worry, we’re here to help. That’s exactly why we created this guide on the pros and cons of investing …
Breaking the rent cycle and saving enough to purchase a home of their very own is a financial goal on the agenda of many everyday Australians. But with housing prices steadily increasing across Australia’s major cities, achieving that dream can begin to feel impossible. But, it doesn’t have to. In fact, this 6-step guide is …
6 Steps To Break The Rent Cycle and Land Your Dream Home Read More »
When it comes to the world of Centrelink payments, it can be hard to know what the best practice is for ensuring you’re still on track to achieving financial success while making sure you’re meeting all of your obligations. That’s why, to help you understand when and what you should be keeping Centrelink updated about …
Under Corporation Act 2001 (Cth), Cryptocurrency is categorised as a financial product. If you’ve bought, sold, or traded any goods in cryptocurrency you have a tax obligation to retain the record. Cryptocurrencies are also known as virtual currencies or digital currencies. There are many different types of cryptocurrency such as Bitcoin, Tether, Ether, and so …
The vast majority of property investors pay Capital Gains Tax (CGT) on a rental property when they sell, or dispose, of it. So it’s important to understand what is CGT and how it is calculated. In this post, we will find out: WHAT IS THE CAPITAL GAINS TAX? HOW MUCH IS IS THE CAPITAL GAINS …
What to know about Capital Gains Tax (CGT) and How to Calculate It. Read More »
Deciding on getting into property investment through the self-managed super fund or SMSF is something worth considering. If you take into consideration the volatility of the stock market, low-interest rates, and tax concessions, it makes a lot of sense. So what do you need to know? Here are 5 Common Mistakes when considering property investment through …
5 Mistakes on Self-Manged Super (SMSF) Property Investment Read More »