Articles by Stuart Wemyss

Stuartwemyss

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

It is generally an accepted investment principle that diversification can reduce your risk and improve investment returns. The common vernacular is, to spread your eggs amongst various baskets. I would agree with this principle, so long as it doesn’t result in the deterioration of investment asset quality. Sometimes property investors should not diversify. That’s because…

It’s quite common for one spouse to assume the primary responsibility for managing household finances. Naturally, if one partner possesses a natural inclination or proficiency in financial matters, it’s logical for them to take charge. While it may seem convenient for one spouse to handle these affairs, it remains crucial for the other spouse to…

Regular readers of this blog would be aware of my unwavering commitment to adopting a long-term perspective when it comes to making financial decisions. While I firmly believe in this approach, I also recognise that there are occasions when short-term decision-making can offer advantages. Nevertheless, it’s important to note that such instances are infrequent and…

As we near the end of the financial year, it’s wise to reflect on how you can optimise your tax position for the 2023/24 financial year. Below, I’ve outlined the factors we typically consider when reviewing a client’s position. Firstly, estimate your tax position When undertaking tax planning, the initial step involves estimating your tax…

In 2017, Griffith University estimated Australians would pass on a staggering $3.5 trillion in wealth over the next two decades. It is estimated that around $10 billion is inherited every month in Australia, and the numbers are steadily increasing. Given these projections, it’s highly probable that many of you reading this blog will receive an…

Moving to Australia may seem like an easy task, but you need insider info to tackle obstacles all on your own. In today’s article, we’ll explore 5 expert tips that will help you move to Australia and find your new home in the down under. You may even decide to not move to Australia, depending…

In recent weeks, state governments have been sending out land tax notices to property investors. The noticeable increase in land tax receipts over the past few years has prompted more investors to reassess their property investments. Furthermore, the surge in land taxes is anticipated to exacerbate the rental crisis. Property investors are likely to pass…

The price of Bitcoin has risen 64% in 2024 so far. That’s after rising 156% in 2023! Last week, a client brought to my attention that the CEO of the largest asset manager in the world, Blackrock, suggested that crypto is a good long-term store of value. He likened it to digital gold. This might all seem like…

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