Finance News
Source: REIV 3aw audio of discussion please click here. If you’re currently renting a one-bedroom apartment in Carlton, then it’s actually cheaper for you to buy the property than continue renting. New REIV data shows that tenants can repay the mortgage on a $215,000 one-bedroom property for just $226 a week – $149 less than…
Today the Government announced significant changes to the proposed superannuation reforms, providing clarity and certainty for financial planners and clients around Superannuation. The news that the retrospective $500,000 lifetime non-concessional cap has been removed is something the we as advisers have been actively advocating for on behalf of members since the Federal Budget. Below are…
Do you need a little help getting a brilliant business or product idea off the ground? Calling all budding entrepreneurs and small business owners, The Weekly Review is looking across Victoria for their Startup Star of 2016. Pitch your business plan for the chance to win the following: • $10,000 prize package • Consultation with…
I think we all forget how good the Olympics are and now with multiple free to air channels and the app, they are making the broadcast and coverage better than ever. And no despite the cartoon above I am not in Rio but thanks to adviserratings.com.au for the above picture. Earlier in the year I won the most…
The Australian equity market had a positive last week hitting fresh highs for 2016. Earnings season began last week in the U.S. with results looking better than expected helping their market to fresh highs; however it is still very early in their reporting season and most companies in the U.S. will release figures later this month.…
2016 Federal election – Potential hung parliament Another week, another shock political result. With so much yet to be decided, we make some quick inferences and offer some perspective on potential market impacts. We take the political press ‘as read’ and infer that a hung parliament is the base case outcome. Messy policy implications A…
3AW Drive’s finance expert Scott Haywood has shared his last minute tax tips and predictions for the next financial year. He cautioned against rushing out and buying items to get a tax deduction.
Treasurer confirms lifetime contribution cap leeway In a letter recently issued by the Treasurer, some transitional rules were outlined for clients caught in the middle of strategies by the imposition of the proposed $500,000 lifetime non-concessional cap. These concessions only apply if: An LRBA (Limited recourse borrowing arrangement) was already in place at Budget Night…
