Holzworth News - Page 5 of 9 - Holzworth Partners

7 May 2024

Tax Incentives

If you have participated in a BBQ with family or friends, property investment can be an uncomfortable topic when it comes to housing affordability. The disparity arises where younger buyers express concern about being ‘priced-out’ of the market because of investor tax incentives. One of those tax incentives is negative gearing, which essentially means any losses a housing investor makes on the shortfall between rent and interest will be offset against other income — and covered by the taxpayer. Speaking of this dynamic, Tim Lawless of CoreLogic said there were some ways to scale it back if any politician is game to try.

3 May 2024

ENJOYMENT IN OUR HOMES: the broad meaning of this narrative

By Jane Purnell

Whether you are a homeowner or a renter, everyone is entitled to live in their homes with peace and quiet enjoyment. This right, however, can sometimes be challenged by various disruptions, making it essential to understand how to protect it without undue stress.For renters in Queensland, the concept of "quiet enjoyment" is enshrined in the Residential Tenancies and Rooming Accommodation Act 2008. This legislation ensures that tenants can enjoy their rented premises without undue disturbance

3 May 2024

101 (almost) Uses of a Family Super Fund

By Mark Holzworth

Most people are aware of self-managed super funds (SMSF), yet less familiar with Family Super Funds (FSF). In this article we explore subtle variations between the two and identify how a FSF can be seen to improve family wealth outcomes.Both Fund structures can have up to six members in total. In the case of a SMSF, these Funds do not require any of the parties to be related by blood or legal arrangement (such as

3 May 2024

Tax Deductions: The Time is Now

By Jane Purnell

Heading into end of financial year tax time is a good time to begin thinking about, and brushing up on, understanding how to determine the tax deductibility of expenses. The ATO allows for a wide variety of expenses to be offset against assessable income as part of your tax return. This applies to not only individuals, but also companies, trusts and even superannuation funds.The ATO publishes a wealth of information on its interpretation of what

24 Apr 2024

House Prices Continue To Rise as Number of Landlords Increase

By Jane Purnell

While buying a home to live in remains out of reach for many Australians, investors are flooding back into the housing market. Data from the Australian Bureau of Statistics (ABS) shows lending to investors - otherwise known as landlords, has jumped almost 20 per cent in the past year. That is, almost four in 10 people taking out a mortgage now are landlords. The combination of rising house prices, rising population growth (mostly due to migration), rising

17 Apr 2024

Navigating Queensland’s First Home Concession

By Jane Purnell

In Queensland, stepping into the property market can be significantly more accessible for first-time homebuyers, thanks to the First Home Concession on transfer duty. This concession is a boon for eligible buyers, potentially saving them a substantial amount on the costs associated with purchasing a home. Here’s what both real estate agents and first-time buyers need to know about qualifying and applying for this benefit. Eligibility Criteria To avail of the First Home Concession, several

8 Apr 2024

Tax Changes- What it will mean to me?

By Jane Purnell

Prime Minister Anthony Albanese has announced changes to address ongoing cost of living pressures with all 13.6 million Australian taxpayers receiving a tax cut from 1 July 2024, compared to the tax they paid in 2023-24. Now is the time to assess what it means to your hip pocket and what implications it may have for end of financial year planning as a result of the new rules, due from 1 July 2024. The Federal Government has

8 Apr 2024

Working from home is producing economic benefits return-to-office rules would quash

By Mark Holzworth

More of us have been in paid work this past year than ever before. A big part of that is because more of us have been able to work from home than ever before. The proportion of Australians in paid work climbed above 64% in May last year, and has stayed there since. At the same time, unemployment has hovered around a half-century low of 4%. In April last year, female unemployment fell to what

14 Mar 2024

GRANNY FLATS HAPPY FAMILIES OR DISASTER ZONES?

By Jane Purnell

When you look at the dynamics around sourcing a property for extended family including those that may be elderly or disabled, granny flats often come into play! Their demand is escalating given rising living costs and the accelerating lack of affordable housing for the vulnerable.When you list a property with a granny flat or a home that has the potential to have this added on, please carefully consider the legal framework that surrounds the scenario

5 Mar 2024

Options to Invest Your Self-Managed Super Fund

By Jane Purnell

Over one million Australians have embraced increased autonomy over retirement funds by opting for a self-managed super fund (SMSF). An SMSF offers the advantage of diversifying investments across a wider array of asset classes compared to conventional superannuation funds. Prioritising your financial objectives is essential when evaluating investment opportunities. While conservative assets (cash and bonds) offer stable cash flow, growth assets such as property, shares (Australian and global) and commodities contribute to wealth accumulation. Below