New office opening night

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Opening night celebrations

On the 11th of May we welcomed friends, family, and most importantly clients to celebrate with us our new office opening at 552a Stanley Street, Albury NSW.

Thank you to everyone that was able to make it. We were overwhelmed by the turn out.

Just to share with you all a brief history of our movements to here.

When Profolio first began in 2015 we worked part from home, and partly from Nexsys accounting office with Vicki Moran. ...

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One of the keys to our success in Financial Planning is our specialty in Property

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Since officially launching in late 2015, Profolio has rapidly ascended to the forefront of the financial planning industry in New South Wales, achieving numerous accolades in an incredibly short period of time. One of the keys to our immediate success as Albury-Wodonga’s pre-eminent financial planner lies in Profolio’s concentrated efforts of specialising in property investment. We are the premier business of its kind in our region: skills in mortgage broking and vast experience in property investment provide our firm with ...

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First Home Owners – Tips from Your Lawyer -By Jonathan Green

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Today guys, we have something extra special for you. Here is a guest blog from one of our favourite lawyers. I read this article and thought a lot of my clients could benefit from this, first home buyers, and investors alike, I know I did. Enjoy!

 

“First Home Owners – Tips from Your Lawyer”

By Jonathan Green, Principal of McSwiney, Green & Roman Lawyers

It’s not something you think about: one of the biggest and most exciting times of your life requiring legal ...

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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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