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May 2014

Start with the end in mind

I could tell you a myriad of funny stories, like, the one when the person bought a block of land only to build a house on his neighbour’s property by mistake. Or, the client who had 30 loan accounts and had no idea what they were for only to end up having to amend years of tax returns because their loans were set up incorrectly. Instead, I will share a series of blogs on how to avoid these pitfalls and sprinkle them with a few war stories to keep it interesting and motivating. As a finance professional who has spent …

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May Perth Property Report

Every capital city has had positive growth from the twelve months to April. In this time the combined capital city home values increased by 11.5%. Sydney (16.7%) and Melbourne (11.6%) have been the primary drivers for capital gains but Perth has also performed strongly and had the third biggest increase with 7.7%. The nation’s impressive growth is also reflected in the past three months. This period has also seen dwelling values shift higher across every capital city. Perth increased by 0.7 % which was lower than the combined capital city increase of 2.6%. Darwin was the standout having had 5.1% …

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Off The Plan: Pros and Cons

Buying off the plan is when a property is purchased before construction is completed. When you enter into a contract to buy off the plan  a deposit is paid to secure the property, while the balance of the purchase price is payable on completion of the building. Pros  Lower Price Developers will usually offer their properties at a reduced price initially to encourage a faster sales rate and meet their construction finance requirements. If you are willing to commit early there are big savings to be taken advantage of. Tax Benefits As with any investment there are tax benefits, but …

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May Interest Rate Announcement

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy was a bit below trend in 2013, but there are reasonable prospects of a better outcome this year, helped by firmer conditions in the advanced countries. China’s growth appears to have slowed a little in early 2014 but remains generally in line with policymakers’ objectives. Commodity prices in historical terms remain high, though some of those important to Australia have softened further of late. Financial conditions overall remain very accommodative. …

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