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
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…
In a reflection of the ongoing financial strain on households, Australians spent a record $27.43 billion on personal credit card purchases in August 2024, according to the latest data from the Reserve Bank of Australia (RBA). This represents an increase of $814.3 million (3.1%) compared to the previous month and a staggering $1.23 billion (4.7%)…
Everyone in Australia has a credit score. It acts as an important indicator for lenders to gauge reliability and risk when it comes to repaying a home or personal loan. This means a good credit score is essential for securing a better interest rate on loans and boosting your overall financial health. No matter what…
Almost everyone will experience an unexpected financial loss at some point in their life. In the current cost-of-living crisis, the cost of groceries, utilities and mortgage repayment bills are high enough already, so an added out-of-the-blue expense could be enough to send your finances into a tailspin. From property damage to an unexpected medical emergency,…
Everyone has experienced an unexpected financial emergency. And amid the current cost-of-living crisis, when the cost of groceries, utilities and mortgage repayment bills are high enough already, an added out-of-the-blue expense could be enough to send your finances into a tailspin. From a broken window to an unexpected medical bill or even a loss of…
Sluggish global markets, high inflation, high cost of living and a heated property market mean our finances are constantly shifting. And even billionaires aren’t immune. Forbes released its annual rich list for 2024 earlier this year, where it showed that there are more billionaires than ever – at 2,781 people across the globe in total,…
![Some Lessons You Can Learn From These Successful Billionaires [infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2017/02/42217936_l-270x200.jpg)
So what characteristics do billionaires have in common other than have more …well… money? According to Growth Everywhere, billionaires have a fair amount of useful advice when it comes to building a solid lifestyle. Whether it’s reading voraciously like Warren Buffet or learning to diversify like David Koch, you’ll find that one thing is true:…
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…
