Parents often ask me how they can help their children into property. Some even contemplate giving one of their existing properties to their children. For those more financially free, giving a property while they are still alive so they can see the joy it creates can be very heart-warming. But there are a number of
The RBA has found that new property owners are more financially secure than renters. And they recently released a 44-page report confirming this. Now I guess they haven’t been reading blog Property Update blog — I could have saved them a lot of time and trouble doing this research! However, they have concluded that young Australians
Did you know that there are now more than 600,000 Self-Managed Superannuation Funds (SMSF) in Australia? Plus the average fund balance is more than $1 million? SMSFs have soared in popularity over the past decade, especially because funds can purchase certain types of property to help grow their retirement wealth position. However, as outlined in
Self-Managed Superannuation Funds or SMSFs provide another avenue for people to create and manage their wealth. Unfortunately, like many other highly regulated financial tools, they can be quite complex. In fact, there a number of common errors that people often make in SMSFs, which can be avoided with professional advice from the outset, of course.
Location, layout, size, nearby facilities — these are just some of the factors you need to take into consideration when you’re looking for an investment property. And while you can put in extra amenities such as a dishwasher and an air conditioning unit, there are a few property features that aren’t so easily added — like a
Property investment is one of best wealth creation strategies out there. In part becuase it has a long history of solid performance, so is therefore relatively low risk. It’s important to understand, however, that it is not completely without risk. That’s because every investment opportunity has an element of risk. The trick is to manage
Financial success or independence may be a goal for many Australians, but few actually achieve it. Why is that? To start off with, many people don’t understand the financial basics that can help them move them from being a wage-earner for 45 years of their lives to retiring many years earlier – if they choose too.