Property has been in the news a lot lately – thanks to the ever-spiraling cost of homes in many of our main centres which has made it increasingly difficult for young people to get a foothold on the property ladder. Due to demand, and an ever-increasing population, Australia is constantly in need of new properties for people to live in – in fact in recent years it’s been estimated that there is a shortage of 30,000 homes per year being built, which has contributed to the rise in prices.
Investing in shares can seem a challenging task. Terminology like ‘derivatives’ and ‘shorting the market’ can be confusing and leave many Ma and Pa investors deciding it’s all too complicated. Yet investing in shares isn’t that confusing if you choose to keep it simple and the share market has historically provided good returns provided you’re willing to be patient.
Holidays are an exciting time regardless of how you like to enjoy them. You may prefer to head to the beach or prefer the tranquility of mountain views, maybe you’re a city lover or seek an escape to the country. Regardless of your travel preferences ALL travel comes with risk. No one likes to think of anything going wrong while on holiday but we’ve all heard the horror stories. It’s wise to make sure you’re prepared for every eventuality.
Our health is the most valuable thing we have and eventually it will fail us at one stage or another. Choosing whether to have private health insurance comes down to risk management and risk has a value.
Everyone gets caught short financially from time to time. A forgotten about bill arrives, the car breaks down, or you just need to buy those concert tickets before they sell out. It’s a common problem and can leave you frustrated and scratching your head for a solution.
Playing sport is part and parcel of the Aussie way of life. We are blessed with a country high in sunshine hours with a temperate climate and a variety of sporting options and facilities that are the envy of the world. It can often be difficult to choose where to start, especially if your child has several areas of interest or just needs a nudge in the right direction.
It’s hard enough being a mother – add in holding down a job or working on your business as well – and the task of making everything fit into a seven-day week becomes especially challenging.
If you’re in business, then you will know tax is a way of life. Aside from income tax business owners also need to consider the consequences of the profit they make from selling assets they own. It is commonly referred to as Capital Gains Tax, even by the ATO, but in fact this description is slightly misleading. There is no separate tax on capital profits as they are taxed the same as income. Where there is a difference between normal trading income and the realization of a profit on an asset is in the tax concessions that are available.
Retirement is potentially one of the most exciting times of your life. At long last you can put your feet up after decades of hard work and enjoy the fruits of your many years of effort. Now is the time to be travelling the world, working in the garden or spending hours with the grandkids – or so you thought.