Articles by Stuart Wemyss

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Stuart was a Chartered Accountant before establishing mortgage broking firm ProSolution Private Clients. He has authored two books and shares his experience with readers of Property Update. Visit www.prosolution.com.au


What is advice really worth?
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What is advice really worth?

There’s a story that Henry Ford was having problems with a generator in one of his plants so he hired General Electric (GE) to fix the problem. The engineer from GE climbed up on the generator and made a chalk mark and told Ford’s people to replace sixteen windings from the field coil. The job…

11 things you should consider before you fix your interest rate
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11 things you should consider before you fix your interest rate

With the recent hikes in fixed and variable rates by the major banks many property investors are wondering whether it’s a good idea to fix the interest rate on their loans. Below are 11 points for you to consider when contemplating the fixed versus variable dilemma: Will you lose sleep if interest rates rise? There are typically…

How bad does an investment property need to be to warrant selling it?
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How bad does an investment property need to be to warrant selling it?

If you sell a dud investment property, you may have to pay capital gain tax (CGT), selling costs and then stamp duty again when you reinvest… it can be a very expensive exercise!  And if you have owned the property for a while, it is probably putting money in your pocket each month (i.e. more…

Why is it wrong to invest for income?
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Why is it wrong to invest for income?

The goal for most investors is to accumulate enough wealth so your investment assets generate sufficient passive income to meet living expenses.  If this happens, it is no longer necessary for you to work for an income and you then have complete discretion over what you do with your time. Wouldn’t that be wonderful! However,…

The ‘opportunity’ cost of private education and an alternative to consider
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The ‘opportunity’ cost of private education and an alternative to consider

Parents always want their children to have the best education.  For some people, that means sending their kids to a private school. Of course, private schooling can be expensive and can have a big impact on your cash flow. But I’d like to suggest that the ‘cost’ is a lot more than the initial cash…

Save tax through successful loan structuring
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Save tax through successful loan structuring

How you structure your loans can have a big impact on the tax you pay, your risk, your ability to build wealth, your cash flow and your general financial strength. Efficient loan structuring is a commonly overlooked and rarely understood topic but that’s not to say it’s overly complex. Like anything, you don’t know what…

Is the financial services Royal Commission good or bad news?
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Is the financial services Royal Commission good or bad news?

Late last year the Prime Minister announced that the “Government will establish a Royal Commission into the alleged misconduct of Australia’s banks and other financial services entities”. You might think this is good news, but I expect that this will be yet another waste of taxpayers’ money (and time). The role of banks has changed…

How does the location of your house drive your investment strategy?
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How does the location of your house drive your investment strategy?

The location of your “great Australian dream” can dramatically alter your wealth building activities and as such, you must take this into account when developing your investment strategy. Homes are typically not purchased with the sole or dominant reason of building wealth as there are many non-financial, lifestyle factors that influence where we live. However,…

How will your kids be able to afford to buy a property? And what can (should) you do to help them?
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How will your kids be able to afford to buy a property? And what can (should) you do to help them?

My sons will turn 10 in January next year and I worked out the Melbourne median price could be circa $1.4 million by the time they are 20 years old. This means that a 10% deposit plus stamp duty will cost them over $200,000! Where will a 20 year old get that sort of money…

Never save money for the future
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Never save money for the future

Many people don’t like to save for the future because they think it’s painful. Saving means they have to do without. Conversely, spending today is fun and enjoyable.  Buying a new gadget, a new pair of shoes, dinner at a fancy restaurant, some wine (well, I regard wine as more of an investment). These things…