Resolution Wealth Partners in Nedlands, Western Australia | Investing service

Resolution Wealth Partners

Locality: Nedlands, Western Australia

Phone: +61 8 9389 1881

Address: Ground Floor, 45 Stirling Hwy 6009 Nedlands, WA, Australia

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

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• Financial planner

25.01.2022 Let us remember those brave souls who made the ultimate sacrifice so we could be free. Lest we forget.

25.01.2022 The Australian property market has entered 2019 weak with CoreLogic data showing property prices falling in major cities. Prices fell 1.2% and are down 7.8% from September 2017. Perth and Darwin are seeing weakness come following the mining investment slump. Key factors affecting property prices in Australia include Tighter lending conditions triggered by banks response to the APRA.

25.01.2022 Should the unexpected happen there is a large range of insurance options to cover things like lost, damaged or stolen items such as contents insurance. There is also life insurance and income protection insurance which provides up to 75% of your income if you can't work due to illness/injury.

25.01.2022 You more than likely have several product and service providers, and figures show you could save more than a grand annually on energy alone just by switching from the highest priced plan to the most competitive in the market.

25.01.2022 Capital gains tax or CGT is a component of income tax. An example of a common CGT event is when you sell an asset that you own for a profit. This will affect your income tax liability as the profit is part of the net capital gain you made in the income year. Any losses on assets has the opposite effect.

25.01.2022 One of the factors driving housing prices lower is the increase in supply

24.01.2022 Interest only loans only cover the interest on the amount you have borrowed during the interest-only period. There is no reduction in the principle. This type of loan will include lower repayments in the short term but is more expensive in the long run. You only pay interest on the amount you borrowed up until the set period after which the loan changes to a principal and interest loan.

24.01.2022 Regardless of the tax status of a loan, the same loan must still be repaid over time and the interest cost must also be met annually. For some people, this can end up being a huge financial burden.

23.01.2022 Are you a medical practitioner and paying high amounts of tax due to your profession? This can be frustrating especially as tax planning options for doctors are limited. Keep an eye on our page for tips on how you can minimise your tax with smart tax planning.

22.01.2022 What defines financial stress? According to the Australian Bureau of statistics, there are two financial stress indicators - these include financial-stress experiences and missing out experiences.

21.01.2022 Debt comes in many different forms. The most common being a property loan, but others include margin loans, protected equity loans, credit cards and or personal loans. Most debt is usually made up of the 'Principle' which is the initial amount borrowed and the 'interest' which is the coast charged to hold the loan.

21.01.2022 It is not uncommon for investors to take out an interest only loan with no intention of reducing the principal. In doing this an investor is assuming the value of a property will grow over time meaning that the loan will easily be cleared once the property is sold. Unfortunately, that's not always the case: History is littered with periods of nil and or little capital gain on investments, including property. Therefore, unless an investment time frame is long enough, an investor may discover that the asset has not grown in value high enough to even cover the cost associated with retaining the asset, including all the interest costs over this same period. In fact, there are many instances where asset values fall leaving an investor with a property or shareholding worth less than what they owe.

20.01.2022 Your purchase should be based on investment potential, including forecast rental return and capital growth. So, Instead of walking into a place and having to love the look of it, you can walk in with your investor's hat on.

20.01.2022 Even a small amount of cash deposited on a frequent basis could go a long way towards your savings goals. In fact, 41% of Aussies say they save just a little at a time.

20.01.2022 A commonly used term is good versus bad debt. These terms are generally associated with the tax consequences of the interest on a loan. Good debt is generally where the interest expense is tax deductible, whilst with bad debt interest is not able to be deducted.

20.01.2022 Credit cards are handy but they'll often cost you as they typically change high-interest rates on top of the amount you've already taken out.

19.01.2022 An investment property doesn't need to tick all the boxes of your 'dream home', which means you could potentially buy something at a cheaper price.

19.01.2022 The Australian property market has remained weak coming into 2019 with more pain ahead.

19.01.2022 Where you really want to live may not be where you can actually afford to buy. So, whether it means choosing a place that's smaller, further out from the city, or looking for a job closer to your new home, you may have to make some trade-offs.

18.01.2022 Uncertainty about tax and which government will be taking power will drive house prices lower. If Labour is elected, they are proposing to change negative gearing rules by limiting it to new properties (yet-to-be-announced date) as well as halving the capital gains discount for all assets sold after that date.

18.01.2022 From an investment perspective, debt can improve a person's investment return but also magnify losses. For the reason, debt is considered to increase overall investment risk and managing this risk is very important.

18.01.2022 One in two Aussie couples admit to arguing about money, so if you haven't already, sit down and make sure you're on the same page, and that both parties' goals are being considered.

17.01.2022 A debt management strategy is developed as part of a comprehensive financial plan. Once it has been determined that debt funding is important to achieve goals, it is equally important to determine the type and the structure of a loan. Some good examples would be: - 'Do we draw from our home loan to purchase shares or do we establish a margin loan?' - 'Do we hold an interest only loan or do we make it principle and interest?' ... - 'Do we apply for fixed rates or variable?' - 'Or do we partly fix and what amount should this be?'

16.01.2022 Many costs associated with an investment property are often tax deductible. For example, the interest fees you pay on your loan, advertising for tenants, as well as cleaning, gardening, maintenance and pest control. Also, if your property is negatively geared (the interest, & other costs you incur are more than the income your investment property produces) the loss can reduce the amount of tax you pay on your earnings at tax time. On the flip side, if you sell your investment property down the track and make a profit, capital gains tax may be payable.

16.01.2022 Good vs Bad Debt We think that using these terms to define debt can be dangerous because the outcome of debt cannot be simply measured by its tax impact. Ultimately debt needs to be repaid and cleared. This means not only covering the interest expense annually but also repaying the principle over time. Having a tax-deductible interest expense is clearly helpful but is still a cost that needs to be funded. Whilst an individual's cash flow would be better if the interest expense was tax deductible, it would be even better still if they had no interest expense at all.

14.01.2022 There will be initial costs, such as stamp duty and legal fees, as well as ongoing costs, such as water rates, building insurance and repairs. When buying an investment property, you'll also be hit with these costs, but depending on your situation some of the costs attached to your investment property may be tax deductible.

11.01.2022 Putting a little extra into your super could reduce potential financial stress later on in life. Try not to rely on the governments Age Pension alone as it is unlikely able to cover a comfortable retirement.

10.01.2022 It is worth thinking about appointing a property manager to take care of certain duties If you're time poor or located a long distance from your investment property. On top of that, there are various responsibilities that apply to landlords before, during and when ending a tenancy and these can differ depending on which state in Australia the investment property is located.

09.01.2022 Investor uncertainty can drive housing prices lower. This uncertainty is cased by some investors being forced to switch from interest-only loans to principle & interest loans.

07.01.2022 CREATE A BUDGET Writing down what you earn, owe and spend could help you to create a workable budget, and at the same time let you quickly identify areas where you could be saving.

07.01.2022 "Equity benchmarks help explain the risks and returns that stem from equity investments." Learn more about the changing role of benchmarks

07.01.2022 Any home that is classified as your main residence, whether it's your first place or not, is free from CGT when you go to sell it.

04.01.2022 Happy Easter from Resolution Wealth!

04.01.2022 If you're renting out your investment property, you'll be getting money from someone else to contribute to your mortgage, which means you could pay off your loan sooner. Bear in mind however that the rent you receive may not completely cover your home loan repayments and additional costs.

04.01.2022 The Australian Taxation System Australia's tax system is based on self-assessment meaning the ATO accepts the claims you make on your tax return & issues a notice of assessment. Even if it is accepted by the ATO, your tax is still subject to further review. The end of financial year will be here before you know it so it is good to make sure you are keeping records of documents and filing evidence for your claims. It is necessary to keep records of your claims and documents for 5 years from when you lodged your tax return and ensure you have a good filing system in place.

02.01.2022 This will help you next time you bust your phone or need a last minute trip to the dentist. Plus an emergency fund means you won't have to rely on high-interest borrowing options.

01.01.2022 If you are investing it is beneficial for you to understand franking/dividend imputation. It is designed to avoid 'double taxation' of company profits by the company giving you franking credits that represent the amount of tax already paid by the company on its profits in addition to your dividend. Before this system the company would've paid 30% tax on its profits & then pay dividend to its shareholders with these dividends also being taxed.

01.01.2022 Another factor driving housing prices lower in Australia: Australian Authorities have made it more difficult for foreign investors to buy. "Chinese real estate investment in Australia has slumped 70 per cent since 2015"