Professionals

How Your Credit Cards Affect Your Borrowing Power

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

In the last edition of our newsletter, we looked at how living expenses can affect a client’s borrowing power. This time around we’re looking at credit cards and, more importantly, the impact they have on your capacity to borrow. Why Credit Cards Affect Borrowing Power Owning a credit card can have a real effect on a person’s borrowing power. And... Read more

The 2019 Federal Budget and the Government’s Great Irony

Written by Stephen Ryan, Managing Director - Edney Ryan Chartered Accountants

There’s never been a budget delivered as close to a Federal Election as that presented last night by Treasurer Frydenberg. Credit where its due – the nation is forecast to return a budget surplus for the first time in more than twelve years. The government’s sound economic management has the nation back in the black (with recent help from the strengthening... Read more

Potential reforms are currently being discussed, which, if enacted, could make the mortgage broker channel unsustainable – potentially forcing customers back to the big banks and cutting their access to smaller lenders and credit. Support your broker now. Visit www.brokerbehindyou.com.au

Alert for Foreign Residents – Changes to the Main Residence CGT Exemption

Written by Matthew Stewart - Director, Edney Ryan Chartered Accountants

For Australian residents, your home is generally exempt from Capital Gains Tax (CGT) subject to meeting the ATO’s requirements. Australians living abroad have also been able to claim the CGT exemption on the family home. This exemption has been available to foreign residents, so long as the home was rented out for no more than six years at a time.... Read more

Preparing for a Loan: How Living Expenses Affect Borrowing Power

Written by Tricia Williams, Manager - Edney Ryan Mortgage and Finance

If you’re looking for a home loan, one of the first things your lender will ask about is your living expenses. That’s because, under the National Consumer Credit Protection Act, lenders must allow for living costs when deciding how much an applicant can afford to borrow. While some lenders will simply require a rough estimate of your weekly or monthly... Read more

Superannuation – It’s Never Too Late to Take Control

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

Despite almost 30 years of compulsory super contributions in Australia, reports show women are retiring with 40 percent less superannuation than men. Currently, the average superannuation balance for a man (aged 60 to 64) is $270,710. For a woman of the same age it’s $157,050 – a difference of $113,660. There are several reasons for this. Women Take More Time... Read more

Ensure Your Say in Your Estate with a Valid Will

Written by Andrew O'Donnell, Director - Edney Ryan Legal

What do Amy Winehouse, Abraham Lincoln, Barry White, and Bob Marley have in common? They all died intestate; meaning they died without leaving a valid Will.   A Will is a legal document that sets out how you want your assets to be distributed when you die. It allows you to make your own choices about your estate and gives... Read more

Family Provisions: Who Can Make a Claim on an Estate?

Written by Andrew O'Donnell, Director - Edney Ryan Legal

By Andrew O’Donnell, Director – Edney Ryan Legal In the era of longer life expectancy, marriage, divorce, de-facto relationships and blended families, it is important to be aware of the law around family provisions from estates, both for Willmakers and potential applicants. A Family Provision claim is a legal application by an eligible person for a share (or larger share) of... Read more

Sydney & Melbourne Property Prices: Are We Headed for a Crash?

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

By Kate O’Brien, Director – Edney Ryan Wealth Management Australian dwelling values slipped 0.1 per cent lower in May, according to the latest CoreLogic housing market update. The fall marked the eighth consecutive month-on-month fall and took the annual change (-0.4%) into decline for the first time since October 2012. CoreLogic Head of Research, Tim Lawless, said the biggest declines... Read more

Kate O’Brien Wins Hillross Adviser of the Year 2017

Written by Stephen Ryan, Managing Director - Edney Ryan Chartered Accountants

I am delighted to announce that Kate O’Brien has been named Hillross Adviser of the Year for 2017. This national award recognises the adviser who has demonstrated the highest  level of professionalism and excellence through client service, advice delivery and implementation. Importantly, client advocacy, undertaken by the Beddoes Institute’s Client Experience Survey was an important part of the judging process, and we thank our... Read more