2016-17 Federal Budget- And what it means for you?

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What an exciting night we had last night watching the Federal Budget over a glass of red.

There was a few winners and losers out of last nights budget, but all in all, we thought it was a pretty good budget.

 

Superannuation changes

LIFETIME CAP FOR NON-CONCESSIONAL SUPERANNUATION CONTRIBUTIONS

One of the biggest losers that will effect our clients is the changes to contributions caps, meaning the amount you can contribute to super with after tax money. Individuals were able to contribute $180,000 or $540,000 ...

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RBA Rate cut- What does this mean for you?

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The RBA announced yesterday a rate cut of 25 basis points bringing the interest rate to a historic new low of 1.75%.

 

GAIN FOR MORTGAGE HOLDERS

While three of the top four banks have passed the rate on in full, ANZ customers (myself included) won’t be so happy as ANZ only passed on a .19% cut, using the excuse they have recently had a profit slump.

NAB announcing first, followed shortly by Bank of Queensland, Westpac, and Commonwealth Bank. All banks are looking ...

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The Proposed Negative Gearing Changes and what they mean to Albury Wodonga Investors

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The big news for this week! Negative Gearing potentially scrapped on existing dwellings.

In case you haven’t heard, Bill Shorten leader of the Australian Labor Party (the ALP) has announced a proposed reform to the negative gearing tax concession presently available in Australia.

Should the ALP win the next federal election and pass its proposed reform through Parliament, then from 1 July 2017 investors will only be allowed to negatively gear brand new properties. Also included in the reform package is a proposed reduction in the Capital Gains Tax discount from 50% to 25%, for property ...

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The Benefits of Having a Financial Planner

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When it comes to lifelong goals, there are as many ways of achieving them as there are people vying for them – and it’s only natural that different people have different, unique goals for their own lives. However, whatever goals you have set out for yourself – either as as a single individual, as one half of a couple, or as part of a family – expert advice from Profolio’s qualified financial planner can turn those dreams into a reality. ...

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Is 2016 the right year to sell your investment property OR What are the signs that you are ready to sell your property?

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What a crazy year the property market saw in 2015, while some areas such as Sydney, and Melbourne were seeing crazy growth, others were plotting along and mining areas were crashing now the mining boom has fizzled. Plus the government enforced new lending policy which saw a majority of investors loan repayments go up by almost .3%! I can see why some investors might be considering pulling out of the market. So what does 2016 have in store? Of course ...
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Which mistakes should first-home buyers avoid in 2016?

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I like to share with my readers questions that get asked. I was asked this recently by a journalist, and I figured my readers might want to hear the answer too.
This question is easy- I see clients ALL the time that have bought themselves a shiny new home for their first house, which is great, because of course they get the First Home Buyers Grant to help with the deposit and they got everything they ever wanted. However, then reality sets in. ...
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5 Ways to Start Saving Money Now

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For any person entering the investment arena, the hardest thing is getting started. Saving that first amount to get your foot in the door. Whether you are interested in share or property investment you have to have your budget in order first. The number one thing I hear from client’s is that they just don’t have any spare money after paying all the bills, while in some cases this may be true, in most you can find savings somewhere. However, ...

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New Year and Stock Prices drop- What’s happening?

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Wow, what a turbulent start to 2016 we’ve had for the share market world wide.

A combination of unexpected events in China, the Middle East and North Korea prompted sharp sell-offs in share markets.

Our thoughts in short; While markets continue to experience volatility in the short term, the longer term view for economic growth remains positive.

While the Chinese sharemarket and currency stabilised a bit on Friday and US jobs data was positive, investor nervousness remained, pushing Eurozone shares down another 1.7% ...

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