Our take on Budget 2017

10/05/2017  

Did you catch the Budget this year?

No? That's okay - we watched it for you!

Now that the dust has settled, we've collated the key points from the night and dissected what exactly they mean for you.

Whether you're a member of Gen Y, are a little older in the wealth building stage of your career, or are about to retire/are a recent retiree, we have broken the jargon down into clear, digestible insight bursts.

Discover insights relevant to your life stage in breakdown below.

Gen Y

Do you feel like a winner, or do you feel like a loser? As a Gen Y, you may feel a little of both. The Government's attempt to address housing affordability will give first home buyers the option to save for their first home within their super account (a potential win). However they also lowered the HELP debt repayment threshold, meaning you'll have to start paying your uni fees sooner (a potential loss).

But these are just two key take aways from the night - what else did the budget have in store for Gen Y?

What should you do?

Wealth Builders

This year's Budget? A little quieter than normal. That's the concensus regarding major announcements in this year's Budget; but that doesn't mean there's nothing to report.

In our video wrap up Head of Advice Shane Light, and Managing Director and Senior Financial Planner Michael Williams highlight the main updates and what they mean for you, as Wealth Builders. Alongside this video, we've also compiled a fact sheet summarising the relevant updates.

What should you do?

Pre/Retirees

Ready to downsize? You may be happy with what the Government has proposed. However, you might not be that happy as they have also announced reduced resedential property deductions for investors. But not all is lost! Download our fact sheet to learn more or book in to our economic briefing on Wednesday 24 May that has been specifically tailored with the Pre/Retiree in mind.

What should you do?

 

 

A lot to take in? We're here for you! If you have any questions regarding the Federal Budget announcement or would like to discuss your specific circumstance in more detail, please do not hesitate to contact us or give us a call on 1300 726 082 and ask to speak a financial planner today.

 

 

General Advice Warning: This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.





How to budget for a wedding

04/02/2019   Whitney Lian, Paraplanner

The question’s been popped and someone’s said yes – but the real fun starts with what comes next. Weddings can be expensive, but with these top three tips you can hopefully set a plan that doesn’t blow the bank.

Read More

Labor's proposed property changes: why investors shouldn't wait to buy

25/01/2019   Michael Williams, Managing Director

Over the last few months it’s been difficult to ignore articles discussing Labor’s controversial plans to scale back negative gearing for investors who buy existing property and halving the capital gains tax (CGT) discount. Michael Williams takes us through these proposed changes and how they could affect investors.

Read More

Pets in your rental property – how the rules are changing

18/01/2019   Tannaya Jessop, Property Portfolio Manager

With a slew of changes set to shake up the Victorian Residential Tenancies Act over the next year, Property Portfolio Manager Tannaya Jessop explores the implications of one of the changes making landlords and their agents the most nervous – the new rules around tenants and their pets.

Read More

Close *Required Fields