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The Pros and Cons of Self-Managed Super Funds
Exploring the Ups and Downs of Self-Managed Super Funds As the Australian superannuation landscape continues to evolve, SMSFs have emerged as a popular choice for individuals seeking greater control and flexibility over their retirement savings. Investigate the advantages and disadvantages of managing your own super fund, empowering you with the knowledge necessary to make informed…
Navigating the Future of the Self-Managed Super Fund Industry
The forefront of financial empowerment and secure retirement planning. The self-managed super fund (SMSF) industry in Perth is constantly evolving, presenting both challenges and exciting opportunities for astute investors. With many recent updates shaping the SMSF landscape, you need to be equipped with the knowledge and insights to navigate this ever-changing terrain. Below we explore…
Demystifying Australian Super Funds
Unveiling the Key Contrasts Between SMSFs and Industry Super Funds Are you seeking the best path to secure your financial future in Australia? Look no further than superannuation funds, the cornerstone of retirement planning in the land Down Under. As you embark on this journey, you’ll encounter two primary options: self-managed super funds (SMSFs) and…
Property: Why WA homeowners are in for less pain as interest rates continue to rise
West Australian homeowners may have more of a protective shield than other states against rate rises, with the latest ABS figures revealing our average home loan amount is still significantly lower than the national average. July figures showed the average new home loan in WA was $469,956 compared to $609,043 nationally. Nu Wealth managing director…
Renovation spend booming but capital value varies
With Australians spending $1 billion per year on property renovations the risk over overcapitalising increases, as some renovations generate more long-term value than others. Australians are spending around 30 per cent more on home renovations than they were before the Covid pandemic sent everyone scurrying to the local hardware store. The latest national homebuilding approval…
Forced property sales predicted as rates continue to rise amid inflation and cost of living crisis
As homeowners grapple with four consecutive cash rate increases and inflation, a new survey reveals just how many Australians would be pushed to the brink with further rate rises. Rising interest rates are pushing homeowners to the brink, with new research showing just over half a million Australians would struggle if rates were to…
Perth housing crisis: WA facing shortage of 22,000 homes within four years
WA is facing a shortage of about 20,000 homes within four years, with fears this will keep local house prices rising. The Real Estate Institute of WA said the State needs to build 19,500 homes a year to keep up with population growth, new demolitions and to address the existing shortage. But official ABS figures…
Interest rate rise not the most pressing issue
For the first time in more than 11 years, the Reserve Bank of Australia (RBA) has lifted the official cash rate, increasing it by 25 basis points to 0.35 per cent. According to the RBA Governor Philip Lowe, the board judged that now was the right time to begin withdrawing some of the extraordinary monetary…
