5 AprKnowing the “Why” to Your Investing Will Make Your Money Choices Simpler

Why - question marksI’ve spoken to many investors of property and financial investments. There is one common trait I see from those who succeed and those who don’t succeed as well when they invest. This is predominately based around knowing your why! READ MORE

5 AprUnderstanding Income Tax – A Guide for SME’s

Income Tax - Monopoly BoardI find that a large number of business owners do not completely understand how income tax works and therefore they focus on the wrong issues. In a typical conversation their overwhelming concerns are usually:

  • I don’t want to pay tax.
  • How can I save tax?
  • Why aren’t I getting a tax refund?

Once I help these business owners better understand how it works I can usually shift their mindset towards:

  • How can I make as much money as possible?; and
  • How can I budget/plan for and reduce this expense?

READ MORE

5 AprImportance of Having Good Landlords Insurance

Landlords Insurance - protected houseMost property investors recognise the importance of insuring their asset. However, it’s common for some investors to assume that because they have taken out Landlords Insurance that they are well covered by the best product available.

What you may not realise is that not only is Landlords Insurance quite specific to property investors, but also that not all policies offer the same benefits because the cover options are so broad. READ MORE

10 MarMarch Property Market Update

 

Welcome to this month’s Property Market Update.

Once again the Reserve Bank of Australia (RBA) has decided to keep interest rates on hold for now.

However, financial analysts are watching economic developments closely as hints of an impending rate rise within the next year start to emerge. READ MORE

10 MarYou Don’t Have to Be Rich to Invest in Property

It’s common for many people to assume only rich people buy investment properties. But who is the average investor?

Research conducted by the Housing Industry Association (HIA) in 2015 and recent statistics released by the Australian Taxation Office (ATO) revealed some surprising statistics about investor incomes that might make you rethink your assumptions.

Let’s take a closer look at some more property investment statistics to see just what the average Aussie landlord looks like… READ MORE

10 MarWhat is a Mortgage Comparison Rate?

Have you ever noticed that many banks advertise a great interest rate in big, bold font, but there is always a much smaller interest rate shown somewhere else on the same ad? That less-obvious interest rate is known as the comparison rate. Banks are legally required to display a comparison rate when advertising any type of loan.

So what is a mortgage comparison rate – and more importantly – how can it help you get a better deal on your home loan? READ MORE

10 MarGetting the Right Loan Structure for Your Investment Property

Buying an investment property is a positive move towards building your financial future. However, have you chosen the right structure for your investment loan so it helps you achieve your financial goals?

Choosing the right investment property loan structure for your individual needs means considering a few different factors first. READ MORE

10 MarAccounting Software vs Excel Spreadsheets for SMEs

A common issue we come across when working with SME business owners is the use of Excel spreadsheets (or worse a shoebox) instead of appropriate accounting software to manage their record keeping requirements.  When asked “Why do you manage your business this way?” we usually hear one of the two following answers:

  • Because Excel spreadsheets are free; or
  • Because I don’t know what else to do

I would like to bust the myth that Excel spreadsheet record keeping is free and advise all SMEs that there is a much better alternative available. READ MORE