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
There are more than 600,000 self-managed super funds (SMSFs) in Australia controlling more than $700 billion – so on average each fund holds more than $1.2 million – and many people who set up an SMSF do so to have greater control over their investments and operating costs. And it makes sense given that so…
Low supply, strong demand and high interest rates mean that it is harder than ever for Australians to buy property in the current market. High property prices mean many buyers, particularly first-home buyers, need a six-figure deposit at a time when their borrowing capacity is at an all-time low. And even for investors, the low…
Australia consistently ranks among the top countries for life expectancy, outperforming many of its Anglophile peers like the UK, the USA, Canada, and New Zealand. According to a recent article from The Economist, Australia’s average life expectancy is notably high, with Australians expected to live longer and healthier lives compared to their counterparts in other…
There’s a common saying that you should ‘begin with the end in mind’ – this is especially true for property investment. The problem is that too many investors begin their investment journey without considering what will be the best ownership structure. Without much thought to it, they put their entire portfolio in their personal name….
What happens to your loans and debts when you die? It’s probably not something you’ve given much thought to, but understanding the way debt works after we pass on is important for all investors to consider, so as to ensure that our loved ones are financially taken care of – and not burdened – afterwards….
While it’s always advisable to have a will, not every will is created equally. Amateur wills are generally not worth the paper you’ve written them on, so you should always use a lawyer who specialises in the preparation of wills. Fundamentally, the transfer of assets held in your name (which are also called estate assets)…
If you use your own car for work purposes, you could be eligible to claim a tax deduction for car expenses, whether you own your car outright, are leasing it or paying it off. The Australian Taxation Office explains that you can claim a deduction for car expenses if you use your car to: Perform…
What are the prescribed documents? These are documents that must be included in a Contract of Sale in NSW according to The Conveyancing (Sale of Land) Regulation 2010 under Schedule 1 Prescribed Documents. The documents are prepared by the Vendor’s Conveyancer/Solicitor to inform the potential buyer of relevant information about the property the buyer needs…
Protecting your hard-earned assets is increasingly becoming a common concern, especially with the increasing number of frivolous claims. For centuries people have used trusts to hold assets so as to protect them and to increase their flexibility. Protecting assets with a trust A trust is useful in this regard as the individual does not own…
Car ownership can be extremely expensive when you factor in all costs including registration and car insurance. However, many Australians will be surprised to know that the location of your home can significantly impact the price of your car insurance. Location, location Car insurers take into consideration a variety of different factors when determining the…
