Buying property is an exciting journey and personally rewarding. Having a good deposit – the more savings or equity in other property you have is a bonus, but the reality is that most of us need to borrow money to achieve the property goal. Being savvy can help you make decisions confidently so here are a couple of common questions I get asked. Does A Cheaper Interest Rate Save You [...]
Say Goodbye To Two More Tax Deductions Income tax deductions for the decline in value (depreciation) of previously used plant and equipment in rental premises used for residential accommodation are no longer allowed. From July 1, 2017, the Government has limited plant and equipment depreciation deductions to outlays actually incurred by investors in residential real estate properties. Plant and equipment items are usually mechanical fixtures or those which can be [...]
Leonie was recently interviewed by the Daily Mail in regards to a recent study which was conducted about the ‘magical’ sum which is required to be happy. According to the study money may not always buy you happiness but if you are earning the optimal amount it might bring you a lot closer to it. Leonie told the journalist that she and her husband are focused on building a comfortable [...]
Here at Wealthology we love to empower everyday women (and their men) to succeed financially by investing in property smarter. Leonie purchased her first property aged 18 and has brought a few more since then, both with partners and without. She has chosen to work with a number of coaches and mentors within not only the property industry but also the self-development industry to help her achieve a better financial [...]
According to RP Data and the Census Data from 2011 only 7.9% of Australians own an investment property, even though property is a national past-time. And only 0.068% own six or more investment properties. A lot of people are overwhelmed by the process and quit before they even begin but it doesn’t have to be hard. The reality is that investing in property is relatively straightforward when you work with [...]
If you are born poor it's not your mistake, if you die poor it's your mistake – Bill Gates Wealth is a by-product of our mindset. While many individuals have the privilege of attaining wealth through inheritance, most others generally make it through efforts and smart strategies. Quite often it is perceived in terms of dollar value. However, wealth as such is considered to be of possessing material items that [...]
According to the latest brain research, our ability to manage our thoughts, emotions and behaviours is a learned ability that anyone can master. Our success in no longer determined by our current results, circumstance or even genetics which means we have the ability to shape our results by learning how to retrain our own brains deliberately. Powerful stuff! 3 Simple Ways To Master Your Mindset Mastering your mindset is potentially [...]
When it comes to purchasing an investment property, there is few things more divisive than the argument of buying established or building new. You may resonate with some of the reasons investors choose old or new properties below - But what does the tax man say? Is there a difference in the tax treatment of old and new properties for tax purposes? Depreciation Changes (Div 40) [...]
According to the latest brain research, our ability to manage our thoughts, emotions and behaviours is a learned ability that anyone can master. Our success in no longer determined by our current results, circumstance or even genetics which means we have the ability to shape our results by learning how to retrain our own brains deliberately. Powerful stuff! Mind Mapping There are two hemispheres to the brain: the left brain [...]
Jesse Mason, Conveyancing Manager at Rouse Lawyers shares his 5 essential tips to ensure a smooth transaction when purchasing a property for investment. "Second only to purchasing your own home, buying an investment property may be one of the most significant financial decisions you will ever make." Once you’ve taken the leap and decided on an investment property, here are 5 things you can do to make sure the purchase [...]
