Australian Tax Office (ATO) data shows that only 9% per cent of investors own three or more properties. So, if property was such a good investment, why do many stop at one? Unfortunately, most people simply buy the wrong property, buy emotively, sell quickly and never buy again, or stubbornly hold onto it hoping things…
Articles by Ken Raiss
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
Who does not love their children? We often quickly think of passing our assets to our kids on death. But do we really know who will actually receive them? This is a modern day conundrum. We don’t know when we are going to die, and as such, do not know our children’s circumstances at that…
While many Australians get into real estate investment to gain cash flow, in reality that’s not how property works. You see…residential real estate is a high growth, but relatively low yield investment, so if you’re hoping to pay your child’s school fees or your vacation airfares from your rental returns, you’ll be sorely disappointed. Of…
No one ever sets up a business with the intention to fail. Rather, entrepreneurial types are motivated by a multitude of factors such as personal drive and ambition or a desire to work for themselves or to create a particular product or service. Sometimes it’s as simple as wanting to be in charge of our…
The difference between repairs and improvements can be confusing for property invetsors. I mean… what is a repair? When does a repair become an improvement? And how do you know what’s tax deductible and what isn’t? Fortunately the Australian Tax Office sheds some light on these questions. What is a repair? A repair replaces a…
What happens when you dissolve a trust? Do you need to pay stamp duty and Capital gains Tax is you then transfer the trust’s assets to your personal name. That’s the question I was recently asked by a reader of Your Investment Property Magazine – so here’s the Q&A Question: I bought a warehouse/office in…
Estate planning is different for everyone and especially in today’s modern environment of potentially blended families. So, with more people remarrying, it’s critical to prepare for the distribution of your wealth on your passing. While you are alive, the estate planning process allows you to manage and preserve your wealth for those you will one…
It’s tax time and while many of us might shudder and put it off, we should relish the thought of a legitimate tax refund. Unfortunately, many people only think of tax when it is time to lodge their return. In fact, I recently heard that there is more than $1 billion of legitimate deductions that…
When someone is building their career, they usually have so many different things to think about that they forget some of the most important issues. What I mean is that they forget to think about the future as they’re so caught up in the present. Take, one of my clients, Thomas, for example. He has…
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…
