WealthWorks | Financial service

WealthWorks

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15.01.2022 We have just released a revised copy of our "Creating Wealth through Property" book, this is a must have for anyone new or considering investing in property. Now includes a complimentary personal property investment strategy for the first 20 people to download. Get your copy at http://www.wealthworks.com.au

14.01.2022 Wealth Works News and Updates

07.01.2022 Whats happening with interest rates. This is a good question these days as we have the banks raising rates and the RBA on hold right now. Firstly why are the banks making a grad for money, is it greed or good business. Well the answer is a bit of both, the government wants to ensure the banks are stable and have no requested they hold x amount of cash reserves. So the fastest way to raise this cash is to take it from their customers and this is why interest rates have now inc...reased. What I don't understand is the raising of rates against investment properties. Yes the government wants to slow the property market down but this only really applies for the Sydney and Melbourne market places. The other cities are doing well and capital growth is inline with what we expect. The reason the government gives people tax incentives to property investors is to remove as much reliance in the future on pension payments. By offering incentives to people investing, they promote wealth creation. No idea here. Then you have the RBA who are in control of the interest rate. They have so far held off a drop in rates and I cannot see any further increases coming in the near future. In fact I would put money on the next rate drop being down. So if your on a variable rate right now, sit on it. If you have an investment property then fixed rates are always worth looking at as they assist with budgeting, interest rate movement does not affect rental income.

04.01.2022 Investate News & Updates

02.01.2022 http://www.wealthworks.com.au/wealth-through-property/