Darren Lockwood Consulting | Businesses

Darren Lockwood Consulting

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20.01.2022 You could be mortgage-free sooner than you think. With a few simple changes, you save tens of thousands of dollars (and sometimes hundreds of thousands) in interest on a home loan alone. Don't Get Stuck In The Mortgage Trap... Allow us the opportunity to show you three life-changing ways to reduce a mortgage.

14.01.2022 Make smarter decisions. Plug in all your assets and liabilities for a real-time, consolidated view of your entire financial world. Everything is in one place! ... Track your success. Your wealth portal’s powerful budgeting and cashflow tools let you set goals, track your spending, and see how you’re stacking up. Live the life you want to live.

10.01.2022 SOME NUMBERS AROUND NEGATIVE GEARING What is negative gearing? In simple terms when related to property, it’s a tax offset that closes the gap between how much an investment costs an owner and how much money they are able to make from it.... According to the Australian Tax Office, an investment property is said to be negatively geared when the property expenses, such as a mortgage or interest, exceed the income gained from the property, like rent from tenants. Basically, when you are taking a loss on your investment. In many cases, if the property is new then the impact is minimized as there are more non-cash deductions like depreciation. Now, if you are in this situation it’s possible for you to claim these losses as a deduction on your salary or income. This means negatively geared investment property owners can pay less income tax than they would without owning the investment property. The subsidy ideally encourages people to buy investment properties and rent them out. This Government incentive is offered to reduce the strain on public housing, as the government will never have the resources to meet with the demand. Sometimes to support one part of the community you have to incentivize another. If private individuals didn’t invest we would have fewer rental properties and available and rental prices would skyrocket. But if the whole point of an investment property or otherwise is to make money, why would anyone commit to a negatively geared asset? The main reason is that Investors hope the income of the property will increase in the future as the debt is paid down and that when it comes time to sell, the profit from the sale will more than likely cover the lost money. When the rent from a property grows to cover the cost of the investment, it is then considered positively geared and owners are expected to pay tax on the income. Here are some numbers you can quote around negative gearing when next at a BBQ with a so-called expert. What are the numbers? HOW MANY PROPERTIES DO INVESTORS OWN? 9M total properties in Australia 7.2M occupied by owners 1.2M are investment properties which is 20% WHAT ARE THE AGES OF THESE INVESTORS? 29% 55-64 years 34% 45 -54 years 22% 35-44 years 15% under 34 years WHAT ARE THE VALUES OF THESE INVESTMENTS? 18% less than $250K 35% $250K-$500K 18% $500K-$750K 29% over $750K HOW MANY PROPERTIES PER INVESTOR? 73% one property 17% two properties 6% three properties 4% four or more

09.01.2022 How to pay less tax? When Australians think of reducing tax most concentrate on Tax Deductions. For many, they are already claiming all they can. It’s, therefore, necessary to consider how you are structured and what tax breaks might be available to you through tax minimisation investments. Let’s face it, no-one likes paying tax at least not too much anyway! If there’s a way the government has provided for you to legitimately reduce your tax shouldn’t you grab it with both ...hands? https://www.colonialpacific.com.au/

05.01.2022 STRATEGIES TO REDUCE YOUR MORTGAGE? Access Debt Reduction Programs designed to radically reduce the time it takes to pay off your mortgage and minimize debt exposures. You’ll be provided with access to tried and tested debt management structures and methods, which are ultimately aimed at leaving you debt free for life. https://calendly.com/colonial-pacific/darren-calendar