Prosperity Wealth Services in Perth, Western Australia | Organisation

Prosperity Wealth Services

Locality: Perth, Western Australia

Phone: +61 8 9278 2623

Address: Level 28, 140 St Georges Terrace 6000 Perth, WA, Australia

Website: http://www.prosperitywealthservices.com.au

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25.01.2022 If you've been wondering if now is the right time to consider investments, our latest blog post could be for you.

25.01.2022 Here's an interesting article from realestate.com.au talking about 'rentvestors', and we agree that it is certainly an emerging trend. We agree that rentvesting can definitely work as an investment strategy if your goal is to eventually trade up and buy an owner occupier home in your desired location. Would you consider rentvesting? http://www.realestate.com.au/b/the-rise-of-the-rentvestor/

25.01.2022 https://www.linkedin.com//economic-outlook-heading-north-/

24.01.2022 We've been advising our clients to invest in this steady market for years. Great quality, affordable investments with steady growth and low vacancy rates Adelaide ticks all the boxes in our view!

24.01.2022 Good news for Perth property owners.

24.01.2022 Today in The West: https://thewest.com.au//signs-of-life-in-home-market-ng-b8

23.01.2022 Wishing all of our clients and friends a safe and happy Easter.

23.01.2022 Regardless of the fluctuations in the property market over the short-term, one thing always remains a constant...

23.01.2022 So many of us haven't given any thought to how we are going to fund our retirement (let alone made a plan!) If this is you, get in touch to see how our free service can help.

23.01.2022 If you use your car for work purposes, you could be missing out on some tax deductions if you don't accurately record your work-related kilometers...so it's pretty handy that our friends at Femia Accountants have developed a mobile app, complete with GPS mileage tracking, for this very purpose! And not only that, the app allows you to take a quick photo of your receipts to store and categorise other work-related expenses - so now there's no need to worry about holding on to every receipt that comes your way. You can get the app by clicking the link below.

23.01.2022 We have always advised our clients that, wherever possible, they should be using their investment dollars to buy house and land. If you've followed our page, you'll know why: 1) because land is the scare resource and therefore appreciates in value more rapidly than buildings; 2) because apartments have higher holding costs such as strata fees and maintenance levies, and tend to attract more transient tenants - resulting in higher vacancies and costs associated with re-lettin...g; and 3) because there is an absolute OVER SUPPLY of apartments, which affects vacancy rates, rental yields, capital growth and increases the days on market if you need to sell. According to the article below, some banks are now refusing to fund apartments in certain suburbs due to the issues outlined above. If you're interested in purchasing an apartment, have a read of the link below: http://www.domain.com.au//apartment-lender-amp-bank-black/

22.01.2022 Regardless of what the property market in general is doing, there are always good investments out there for people who know how and where to look. If you don't look outside your own backyard, you may be missing out on a solid investment that can yield significant capital gains over the medium to long term.

22.01.2022 Could this be the Perth market showing signs of recovery?

22.01.2022 Kick off your new year the right way. We're back in the office from Monday 9 January and taking bookings now, so contact us to book an appointment for the help you need to make 2017 your most prosperous year yet! (And just a reminder, our service is completely free of charge!)

21.01.2022 If you follow realestate.com.au, you may have seen an article outlining the top growth suburbs from around Australia, with Rockingham coming in at number two with an impressive 13.1% annual growth! Many of our clients will be enjoying similar growth benefits with properties purchased in the popular southern coastal corridor. Close to transport, infrastructure and beautiful beaches, areas such as Meadow Springs, Golden Bay and Madora Bay are proving popular lifestyle locations for young families and professionals alike.

21.01.2022 Nothing to do with property or finance, but with many of our clients in part-time employment, we thought this article may be of interest. Plus, we're huge believers in maintaining a good work/life balance and flexible working arrangements, so this article really struck a cord with us.

21.01.2022 Happy New Financial Year! Time for a fresh start with your financial goals.

20.01.2022 Block sizes in new land estates are getting smaller and smaller. Investing in a family-sized lot now will stand you in good stead for future capital gains, as large family homes on lots with backyards big enough for the kids to play in become more and more scarce. Where possible, we always recommend clients invest in house and land, as opposed to apartments. The reason for this is that it is LAND that is the scarce resource. If you can pick up a decent-sized block of land, especially one that has some positive attributes such as being close to the coast or solid transport links, your investment will be highly sought after for tenants now AND in high demand for buyers in the future. If you're interested in reading our other tips for successful investing, you can download our free ebook here: http://www.prosperitywealthservices.com.au

19.01.2022 If you've been wondering how the services we offer can help you, take a look at our TV Ad on the link below. https://www.youtube.com/watch?v=7z6VQIFOvGo

19.01.2022 As a general rule, we find that many investors feel most comfortable investing in their home state - the fact they can drive past the property any time they like coupled with their local knowledge definitely provides some comfort and reassurance when deciding on investing in property. However, there are some very real benefits to investing outside of your home state. The article below outlines some reasons you may wish to consider when deciding on where to look for your next... investment property. If you have already invested in the Perth market, now may be the time to consider what other states have to offer. One important benefit to investing out of state that the article doesn't mention is the savings on land tax when an investment portfolio is not concentrated in one state. https://au.finance.yahoo.com//five-top-tips-when-buying-pr

18.01.2022 If you watched 60 minutes on the weekend, here's a great article from the Financial Review explaining how and why the Australian property market is so robust and resilient. The fact is, we've heard these doomsday predictions all before - and even during the GFC Australian property only corrected 6%. If you've got some spare time on your hands, this is well worth a read. http://www.afr.com//sydney-property-dont-believe-the-aussi

18.01.2022 https://thewest.com.au//perth-population-to-hit-44-million

18.01.2022 Happy Mothers Day to all the mums!

17.01.2022 Did you see this article on Domain today? It shows that with the right advice and a bit of forward planning, people can achieve fantastic results on modest incomes. You don't have to be 'rich' to invest in property and improve your future, you just have to be willing to look at the options, make some carefully considered decisions and take the first step! Everyone's personal circumstances are different, so it pays to speak to a professional to develop a strategy that is unique and right for you and your goals.

17.01.2022 Out of the mouths of babes... This is so true, and something we see the effects of on an almost daily basis. Women are often financially disadvantaged when it comes to their salaries as compared to their male counterparts, and this, along with career-breaks resulting from maternity leave and time taken off to raise a family really does effect a woman's capacity to fund their retirement. The difference between the superannuation balance of a woman as compared to a man of a sim...ilar age because of these two factors is more often than not quite staggering. Remuneration should be equal...but sadly it still isn't. The trick that women need to master is to work smarter and not harder. Taking personal control of your own finances through having a robust financial and investment strategy will help to bridge the gap between your long-term financial security and that of your male colleagues'. See more

16.01.2022 If you've ever built before, you may have been surprised at the final price of the build compared with the advertised price of the house design you chose. Read our blog post outlining the common hidden costs of building a new home, and what you can do to ensure you don't blow your budget!

16.01.2022 Ever wondered how our free service can help you? Get in touch for a complimentary in-home consultation.

16.01.2022 With the Reserve Bank setting interest rates reaching a RECORD LOW of 1.75%, there really has never been a better time to shop around for a better deal on your mortgage. By refinancing, one of our clients is now saving $5,000 per year on mortgage repayments! What would you do with a spare $5,000? Contact us for a free financial health check and home loan review on (08) 9278 2623 to see how much switching could save you!

16.01.2022 New tax rules for purchasers of existing rental properties (that is, not newly built).

15.01.2022 If you've been wondering how the proposed changes to negative gearing may effect you, have a read of our latest newsletter. We've included a brief summary of the proposed changes to negative gearing as the debate currently stands and the likely effects on property investors.

15.01.2022 What do you think of the new research that shows its cheaper to pay off a home now than it was 25 years ago? Interest rates are at an all time low, and according to the article below, even given the increased price of housing, interest repayments are cheaper now than they were in the early 1990s! Low interest rates and a cooled property market means this is a great time to buy.

15.01.2022 Have you ever considered investing in a property syndicate? Today's blog post looks at why property syndicates may be a suitable investment strategy for some investors.

14.01.2022 Good news predictions for WA

14.01.2022 New on our blog - How you can save thousands of dollars per year just by making a few easy changes to your expenses. And it doesn't involve giving up the things you love! We'd love to hear your results if you give this a go - we think you'll be surprised at how much you can save each month!

13.01.2022 At the going down of the sun and in the morning We will remember them. Lest we forget.

12.01.2022 Another positive prediction for the future of the Perth property market. This is certainly consistent with what we're seeing in the market. https://www.facebook.com/reiwa/posts/10156289965853750

12.01.2022 An interesting article in The Australian today about new methods the ATO is using to catch tax cheats...including viewing personal facebook pages for evidence of expenditure which doesn't match up to declared income! As the saying goes, there are only two certainties in life: death and taxes. But the good news is there are ways you can legally reduce your tax liability without resorting to offshore bank accounts and undeclared income.

11.01.2022 Here Realmark share their tips on identifying indicators of property cycles. Jason Kuriata http://www.realmark.com.au//part-two-property-cycles-and-k

11.01.2022 If you've ever built a new home, or you're thinking of building, today's blog post is for you!

11.01.2022 This is a beautiful property- but it's a brave husband who would make a purchase like this without his wife having an opportunity to view it first!

10.01.2022 Have you heard of the National Rental Affordability Scheme (NRAS)? As part of this government scheme, owners of NRAS approved rental properties are entitled to receive an approx $11,000 per year tax-free rebate for 10 years - and this is in addition to other eligible property deductions. If you're interested in knowing more about this scheme, have a read of the below or give us a call. We have access to some of what we understand are the last remaining NRAS properties in Perth and they are selling fast!

10.01.2022 If you're a property investor, or thinking of becoming one, here's some information about PAYG Tax Variations and depreciation schedules. If you don't have either of these in place, we recommend you consider it further to increase your cash flow and enable you to reach your goals sooner.

10.01.2022 This is why property investors should enlist professional assistance - there are so many 'tricks of the trade' that many people either don't know about, or forget to implement when life gets busy, that can make a substantial difference to the return on your investment. If you're a property investor, and you've been going it alone, you may not be making the most of your investment. It always pays to get professional advice, and in many cases (as is the case with us), the service is free so you have nothing to lose by discussing your options with a Property Investment Advisor. http://www.theadviser.com.au//34116-property-investors-mis

09.01.2022 Great news for property investors! https://www.smartpropertyinvestment.com.au//17898-apra-rem

09.01.2022 Ever wondered what exactly it is we do? We assist our clients to improve their financial circumstances through taking a strategic approach to managing their income and debts in addition to utilising the advantages of property investment, where appropriate. And the best thing? Our services are free :) You can see a summary of our service on the link below: https://m.youtube.com/watch?v=7z6VQIFOvGo

08.01.2022 It pays to keep an eye on your home loan interest rate. Despite the RBA holding rates steady, banks are pushing up their interest rates on many products. Paying an additional 0.25% could cost you thousands of dollars in extra interest each year. Chances are, if your home loan is a few ears old, there's likely better deals out there for you! http://www.news.com.au//n/38f5f6591304627c2e0b9d88e9c45232

08.01.2022 With the price of housing increasing, many people find they are unable to afford to buy a home in an area they choose to live. In this instance 'rentvesting' may be the way to go. If you have saved a deposit, you may be able to purchase a property for investment purposes and continue to rent in a suburb that suits your lifestyle. This way, you get the best of both worlds - lock in a property at a low point in the market and immediately receive the tax benefits of being a la...ndlord, while continuing on with your current lifestyle. By purchasing a property to rent out, and after taking advantage of the increased financial benefits of owning an investment property, you will be on the fast-track to purchasing the home you really do want! http://m.yourmortgage.com.au/artic/rent-vesting-203856.aspx

07.01.2022 PWS Investment News - January 2017

07.01.2022 It is so important to find a stable, reliable tenant for your investment property. When considering applications, wise investors don't just accept the application offering the highest rent...it is important to consider the application in its entirety with particular regard given to recent rental references and employment stability.

06.01.2022 Have you downloaded our free investment report? If you've wondered what our investment philosophy is, why we so strongly advocate investing in house and land, or our view of the various benefits and pitfalls of different types of residential investments, then this short report will provide you with lots of practical information and some food for thought when deciding what type of investment strategy is right for you. http://www.prosperitywealthservices.com.au/how-to-build-yo/

06.01.2022 Have you lodged your tax return yet? Here's some creative, but not recommended, tax deductions!

06.01.2022 As a general rule, we don't buy into these types of extreme market predictions...none of us have a crystal ball and for each person who is prepared to make a bold claim, there's another who is prepared to argue the opposite. However, we do have pretty strong opinions when it comes to purchasing apartments, and the below article is another reason to exercise some extra caution when deciding whether investing in an apartment is for you. Sometimes, due to affordability, some inv...estors may feel that apartments are the only option available to them. In some instances, this may be the case. However, it is possible to look more broadly and consider other investment options - for example other markets around Australia where affordability is better (such as South Australia - great, steady market based on past performance) or some other investment strategies such as property syndicates. If you decide that apartment investing is definitely for you, ensure you do your due diligence and calculate the ROI based on realistic vacancy rates and rental yields - remembering where there is an over supply of apartments vacancy rates will increase and rental yields will diminish. As always, we're here to help if you need us. See more

05.01.2022 Good news for Perth property owners and investors.

05.01.2022 Here's a great article from REIWA explaining property market cycles, and why investing in WA is still a solid investment. With interest rates at such low levels and property prices cooled, we agree that now is a perfect time for investors to enter the market or to grow existing property portfolios. A word of caution though - all properties are not equal, and neither are all mortgages and finance structures. We always recommend seeking the advice of a professional property investment advisor before you commit to any investment property

04.01.2022 For Perth's best property managers, you can't go past Rent Choice. Caroline and her team are always happy to answer your questions, so if you're looking for a new property manager for investment property in Perth, give them a call

04.01.2022 Today on the Blog: How a Property Manager Can Make or Break Your Investment Experience Choosing the right Property Manager is a crucial step in ensuring you have a successful and stress-free property portfolio. Here, we show you how to ensure you choose the right property manager for your portfolio.

04.01.2022 With so many high rise residential developments springing up all over Australia, we're even more convinced that investing in house and land is by far the most superior medium to long-term investment strategy.

02.01.2022 This is why it's so important to have a plan for your retirement... Its a sad state of affairs when the Federal Government increases the age for the pension at short notice, essentially ripping the rug out from under people right before they retire. It is so important to have a plan for your retirement - there is no better security than providing for yourself to ensure you can enjoy your retirement years worry free and on your own terms. Many of us haven't planned for our r...etirement, but it's never too early or too late to start! What you do today can make a huge difference on how you live tomorrow. We'd love to help you, so if you would like an appointment for our free service, drop us an email at [email protected] See more

02.01.2022 We found this table from the ATO showing the numbers of people negative gearing by occupation very interesting, and it definitely reflects the demographic of our clients - which is a huge span of occupations and income levels. Overall, it shows negative gearing isnt a strategy used only by the 'rich'. Have a scroll through the list - the results may surprise you.

02.01.2022 Have we reached the bottom of the market?

01.01.2022 I don't think there's many of us that could earn thousands of dollars in one hour. But did you know you could potentially save thousands of dollars a year just by taking an hour of your time to meet with a mortgage broker for a free financial health check? Interest rates and loan products are constantly changing - don't spend more of your hard earned money on mortgage interest than you have to!

01.01.2022 Anyone who has built a new home will know that building costs add up quite unexpectedly, leaving the final build more often than not tens of thousands of dollars more than the advertised price of the home. If you're building an owner-occupier home, this may be something you''re prepared to accept to get the home you're after. However, if you're building for investment it's vital to know the total cost of building a home ready to be rented in order to perform proper due dilige...nce and determine the viability of the investment. Securing a 'full turn-key' building package ensures you know exactly what you're getting for the exact cost right from the beginning - no nasty surprises at pre-start! Our house and land packages include everything your property needs for a tenant to move in and enjoy their new home - from extra power points to the letter box and clothes line, it's all included in the price. See more

01.01.2022 If financial security is important to you, watch our short video to see how PWS an help. Our service is always free and without obligation.

01.01.2022 If you're from Perth, you may be familiar with this property that recently sold at Auction under the expertise of Jason Kuriata and the team at Realmark West. If you love the thrill of a good auction, or just want to check out the amazing ocean views from the property, check out this video: https://www.youtube.com/watch?v=_rdGi_Tzp4c&feature=youtu.be

01.01.2022 Good news for the Perth market - we may have hit rock-bottom! If you're thinking of investing, now could be the perfect time.

01.01.2022 "The best time to plant a tree was 20 years ago. The second best time is now" - Chinese proverb.