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
The annual Consumer Price Index has clocked in at 5.4 per cent for the September quarter, fuelling the possibility of another rate hike as soon as Tuesday 7 November. As a result, two of the big four bank economic teams – CBA and ANZ – have now said they expect the RBA will increase the…
Superannuation is frequently misunderstood as merely an investment vehicle to accumulate wealth for your golden years. However, in reality, it’s also a structure designed to hold various types of investments which offers a plethora of tax benefits that can result in substantial financial gains, especially for those savvy enough to exploit them effectively. Please note…
When was the last time you used an ATM? As banks and customers move transactions online, the number of ATMs and bank branches has dropped by more than one in 10 in the last financial year, according to the latest APRA Points of Presence data for June 2023. In fact, the report shows number of…
You’ve probably heard that repaying fortnightly or weekly can help you pay off your mortgage years earlier and save tens of thousands in interest. However research from RateCity.com.au has found that the way lenders calculate these payments could catch them off guard. If you’re thinking about switching to fortnightly payments to save money, remember that…
Too many people consider life as a game of Monopoly. They think they can gamble on property, or the share market, without the right knowledge or advice. But unlike the famous board game, there is no miraculous pot of money in real life that we can dip into whenever we need it. Launching yourself into…
Do you make the most out of your potential tax deductions? Do you keep good records to substantiate your tax claims? Well, you should because the ATO regularly targets property investors, so it’s important that you know what you can and cannot claim as a tax deduction. What can you claim as a tax deduction?…
Are there ways to avoid or reduce paying capital gains tax (CGT) on an investment property entirely? Yes, there are! It’s an unfortunate part of every property investor’s journey that they will most likely eventually be liable for Capital Gains Tax or CGT. However, there are a few strategies that can help you minimise your…
Have you been a victim of financial abuse? Or know someone who has? Well, according to new research from a survey of almost 2,000 Australians aged 65, more than 1 in 4 (28 per cent) have experienced financial abuse or know someone who has. Of those who are experiencing financial abuse, more than half (52…
Like baking a soufflé, successful property investing requires three important elements: a well-proven recipe, good ingredients and technique. Successful property investors know only too well that shortcuts or lack of research are sure to cause financial distress. They also know that given the level of expertise and knowledge required to make the right decision it…
With the end of the financial year coming up soon, I thought I would provide some general tax strategies for property investors to consider: 1. Documentation Keep summaries of all your rental income and expenses. This is much easier if you have your property manager looking after your property where they pay all expenses and collect all…
