Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
Australia, along with the rest of the world, is on the cusp of the largest intergenerational wealth transfer in history. Termed as the “great wealth transfer,” we’re looking at an eye-watering US$68 trillion (A$100.2 trillion) moving hands globally over the next 20-30 years. This shift, predominantly from the baby boomer generation, is not just significant…
The average new owner-occupier mortgage in Australia is now $636,597 – a new record high that is set to keep on rising alongside property prices in key states. Over the last 12 months, the national average has risen by $56,357, an increase of $154 a day, despite the fact the cash rate is at its…
Money in the bank from households has fallen for the first time in a year, recording a sizable $11.5 billion drop in just one month. This is just the second drop in household deposits since the start of the rate hikes, according to the latest APRA monthly banking statistics for June 2024. That said, money…
The stage is set for the RBA to leave the cash rate on hold next week, despite a rise to Australia’s annual inflation rate from 3.6 per cent to 3.8 per cent. While this is the first rise in annual inflation since December 2022, the result is in line with the RBA’s own forecasts, keeping…
Over the past decade, many Australians have invested in property via their superannuation funds. One of the reasons they do this is because they want to have control over the performance of the funds in their super. Another is it allows them to buy an investment property when perhaps they could not have otherwise. However,…
Millions of Australians are hiding money away in bank accounts unknown to their family or partner, according to new research by Finder. The survey of 1,012 respondents revealed more than 1 in 10 (12%) – equivalent to 2.5 million people – currently have, or have had, a secret savings account. The research found 8% –…
What jobs in Australia pay really well? Well, the Australian Taxation Office (ATO) has just revealed the highest-paid jobs in the country, and once again, surgeons have claimed the top spot, earning an impressive average of $460,356. According to an article from Yahoo Finance, this figure only accounts for 4,170 workers in the country, but…
Foreign buyers are back in force with activity climbing 27%, according to the latest Foreign Buyer report. The Treasury has just released its latest data, detailing the activity of non-resident property purchasers across Australia for FY2022–23. Foreign buyers spent $4.9 billion on 5,360 properties which is a substantial rise from the previous year. Alongside a…
Did you know that you have many options when it comes to deciding the entity that should own your new property? Most property buyers, even seasoned investors, default to simply buying the property in their own name, but this is not always the best and most financially savvy choice. The legally recognised owner of a…
Australia is becoming a more litigious society with more people considering suing and more lawyers opting to take on their cases for no upfront fee. While the number of lawsuits in Australia is growing, we’re still a fair way from the situation in the USA, where people have a 33 per cent chance of being…
