Cyclone Alfred will cost the March 25 budget at least A$1.2 billion, hit growth and put pressure on inflation, Treasurer Jim Chalmers says. In a Tuesday speech previewing the budget, Chalmers will also say that on preliminary estimates, the cyclone’s immediate hit to GDP is expected to be up to $1.2 billion, which could wipe a…
Here are 12 great vitamins for the mind from two great masters: Jim Rohn and Brian Tracy… 1. “I remember saying to my mentor, ‘If I had more money, I would have a better plan.’ He quickly responded, ‘I would suggest that if you had a better plan, you would have more money.’ You see,…
Buying your next home can be a daunting task, especially if it’s your first home. It’s exciting but full of complexities. While it’s likely to be the largest financial transaction you will ever make, we’ve found that many home buyers are poorly prepared to ensure they make a good purchase decision. And it’s not their…
We all know that money can’t buy happiness. If you’re unhappy before you make a lot of money then extra cash isn’t going to suddenly change your outlook on life. I have written in the past about people who win the Lotto and the fact that many of them end up losing their fortune. They’re…
Australia is changing. Our population is growing, our economy depends on migration, and our cities are expanding, whether we like it or not. But how will our suburbs actually change? Will we continue to sprawl outwards, creating ever-larger commuter belts, or will we finally start building smarter, more efficient cities? Let’s take a deep dive…
Many aspiring property investors are drawn to the idea of “no money down” deals—a dream scenario where you buy a property without using any of your own funds. It sounds too good to be true, right? Well, that’s because, in reality, it almost always is in the Australian property market, despite what some social media…
Property stakeholders often feel a little nervous about a bank valuer visiting. After all, valuers show up, poke around and then send a verdict to the lender about whether the price paid, or estimate made, ‘stacks up to market’. It can feel like there’s bad news pending, particularly in a softer property price cycle like…
In today’s show I’d like to remind you of some of the foundational principles I use to grow my wealth. I’ll discuss things that “always worked” rather than things that are working now. Now to be clear… this is very different from most of what you hear in the news, which basically focuses on short-term investment…
Infrastructure Victoria has released a draft 30-year plan outlining how the state can grow sustainably. It focuses on key areas like transport, housing, energy, and public services to support a growing population and improve liveability. The plan also suggests ways to make the state’s infrastructure and tax system fairer, more efficient and more sustainable. The…
The use of Self-Managed Superannuation Funds (SMSF) has skyrocketed over the past decade. Among the many reasons for this increase is the ability to purchase residential property in your SMSF with borrowings – debt via what’s called a Limited Recourse Borrowing Arrangement, or LRBA. In essence, the LRBA structure allows an SMSF to borrow and…
