Where in Australia is a Mortgage Less Than Rent?
Written by Tricia Williams, Manager - Edney Ryan Mortgage and FinanceWith interest rates low, many Australian’s are looking to transition from renting to home ownership. Housing affordability continues to be a major challenge, however there are areas where home ownership could be a reality for renters. CoreLogic recently released data showing that more than a third of properties across Australia had estimated mortgage repayments that were less than weekly rental... Read more
Changes to the Main Residence CGT Exemption for Foreign Residents
Written by Stephen Ryan, Managing Director - Edney Ryan Chartered AccountantsAn important change to the CGT main residence exemption for foreign residents was recently passed. As this will significantly impact a number of our clients, we provide some detail below. Who is Impacted? This change will impact individuals who are foreign residents for tax purposes, and who will be selling their main residential property in Australia. Previously, these individuals were... Read more
Prices on the Move – What is Your Property Worth Now?
Written by Tricia Williams, Manager - Edney Ryan Mortgage and FinanceTalk of Australia’s housing market recovery is back, with our biggest markets – Sydney and Melbourne – increasing property prices once again this month. For a concise overview of the Sydney Property Market’s latest performance, click here to watch a short video from CoreLogic. If you’re considering your options, now is a great time to get an estimate of your... Read more
Discretionary Trusts Should Be Reviewed for Foreign Person Surcharges
Written by Andrew O'Donnell, Director - Edney Ryan LegalIf you are a trustee of a discretionary trust, and you hold (or intend to hold) residential land in NSW in the trust, then it is important you are aware of foreign person surcharges which may inadvertently apply. Foreign Person Residential Property Surcharges in NSW In NSW, residential land held by foreign persons attracts an 8% surcharge purchaser duty and... Read more
Low Fixed Rate Mortgages – Not Always What They Seem
Written by Tricia Williams, Manager - Edney Ryan Mortgage and FinanceThe record low interest rates we currently have in Australia has put borrowers squarely in the box seat when it comes to choosing a home loan. There are some highly competitive loans available as lenders eagerly battle for new business. However, it is important buyers are aware of the hidden dangers that may come with some of the cheaper home... Read more
Advance Directives – Helping Your Wishes Count When You Can No Longer Make Healthcare Decisions
Written by Andrew O'Donnell, Director - Edney Ryan LegalIf you were seriously ill or injured and unable to communicate your wishes, who would make decisions about your care or treatment? Would they even know what you want? Advance Directives are a good way to help your loved ones and doctors make health care decisions based on your individual values and beliefs, when you are no longer able to.... Read more
Australians are set to lose a record amount to scams in 2019, with projections from losses reported to Scamwatch and other government agencies expected to exceed $532 million by the end of the year. It is important to be vigilant both in our personal lives, and in business. For Businesses – We have adopted the following measures and processes within... Read more
What’s New With Super – An Update on Recent Changes
Written by Kate O'Brien, Managing Director - Edney Ryan Wealth ManagementThe new financial year has heralded some big changes to superannuation legislation. New laws include several measures designed to better protect your retirement savings, so they aren’t eroded by fees and insurance premiums. They also include some significant opportunities for those in early retirement. To help you better understand what this means for your retirement savings, we’ve outlined some of... Read more
Online Estate Planning
Written by Andrew O'Donnell, Director - Edney Ryan LegalSave time and money, by starting your Will online now. Our online tool will guide you through the key information required in order to make a start on your Will. Get peace of mind with a solicitor-drafted Will and other important documents Ensure your loved ones are provided for Have your Will prepared as quickly and easily as possible The... Read more
Digital Wealth – Planning for Death and Incapacitation
Written by Ranu Jas, Solicitor - Edney Ryan LegalWhether we like it or not, our lives are becoming more and more digitalised. Yet, how many of us stop and give thought to the jumble of digital wealth we leave behind after our death? Not many, it seems. A survey for the NSW Trustee and Guardian found 83 per cent of Australians have not discussed what will happen to... Read more