Property | Edgeworth Partners

When Is the Best Time to Retire and How?

Deciding when to retire is one of the most significant financial decisions you'll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we'll explore key considerations for determining the best time to retire and how to prepare for a comfortable and fulfilling retirement.

Home is More Than Just a Place to Live, It’s a Smart Investment

Owning your home in Australia isn't just about comfort, it’s also a smart financial move. The property market down under is thriving, thanks to solid demand, with data confirming strong growth trends. Homeownership comes with financial perks like Capital Gains Tax exemption on your primary residence and a slew of government incentives designed to make buying a home more achievable. These include grants for first-home buyers and stamp duty concessions, all aimed at easing the financial burden of entering the housing market. So if you’re thinking about buying, know that it’s not only a place to live but a solid investment that could pay off big time in the long run.

Evolving role of the Bank of Mum and Dad

Buying an affordable house in Australia is becoming increasingly difficult, and we have noticed more parents are helping their kids get into their own first homes. If you are in the fortunate position to help your children out and you are planning to do so, there are certain implications that you need to think about before proceeding.

When Mum and Dad are Bankers As Well

Recent estimates claim that the ‘Bank of Mum and Dad’ is Australia’s ninth largest lender. Given the state of house prices, this comes as no surprise. Most parents want to help their kids, especially with something as important as buying a home. But it is important that things be done correctly. There is such a thing as ‘the wrong way to help’ when it comes to one generation trying to help another.

Need Help with Costs of Living? Use your home!

Inflation is starting to bite, and people on income support, such as aged pensioners, have not had their benefits adjust yet. This has many of our clients thinking about how best to cover the rising cost of living. Happily, the Commonwealth is here to help.

June 30 is Just Around the Corner

Now that the election is (finally) behind us, it is time to remember that the end of the financial year is just around the corner. June 30 is a bit less than five weeks away. So, now is the time to make sure your super contributions are up to date.

What’s the Drum on Capital Gains and Residential Property?

Did you know that there is a kind of tax that is great to pay? It’s called a capital gains tax and it’s great for one simple reason: you only pay it when you make a capital gain! A capital gain means you sold an asset for more than you bought it for. That is always better than the alternative, which is selling an asset for less than you paid yourself.

How to Find Yourself Singing in the Rain

Last week we discussed how the Governor of the Reserve Bank Phillip Lowe recently recommended that home borrowers ensure that they have a ‘buffer’ against the time when interest rates inevitably rise. Interest rate buffers are not the only type of buffer in good financial planning. Buffers are used in many areas, but the need for buffers always comes from the same source: understanding that the way things are now is not likely to be the way things are in the future.

Housing’s Tug of War

This week, we saw another version of the tug of war at play in Australia’s residential property market. APRA is trying to pull prices in one direction while other arms of Government strive for the opposite result. Time will tell whose arms are stronger, but people wanting to buy homes should be barracking for APRA. A win for APRA would save people years of hard work.

Half of Everything is Housing

This week we came across an interesting little read from Fidelity International, an international fund manager. Their article examined the composition of Australian household wealth as of the end of 2020, which is about as recent as the data gets when it comes to this kind of thing.