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Wednesday, August 29, 2018
The growth in use of reverse mortgages by asset rich, cash poor seniors is increasing rapidly. As is the awareness by their children that this new debt facility will decrease their inheritance. Seniors receiving their lump sum will mean that the house that now has a reverse mortgage against it is having a capitalised charge against its future v Read More
Thursday, July 12, 2018
Three quick questions: 1) Why do you work? 2) How long will you work for? 3) How much do you need to retire? Did you answer “I don’t know” to questions two and three above? Next question then. Do you go and buy a car without knowing your budget? Do you start a home renovation without knowing what you want to build? Why, th Read More
Friday, June 29, 2018
The recent announcement by the Turnbull government to scrap the Capital Gains Tax (CGT) main residence exception for foreign residents was a change no analyst would have predicted. The ATO’s definition of a foreign resident is anyone who does not reside in Australia for more than 183 days of the year, which groups in most Australian expatriates Read More