News

Homeowners aged 65 years or over are now able to downsize their family home and invest the surplus into the tax effective environment of superannuation. The sale of the property must be from 1 July 2018 and the property must have been owned for at least 10 years and be the principal place of residence (hence eligible for the main... 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

Protecting Your Business from Cybercrime

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

Cybercrime impacts the lives of many Australians and is expected to increase as our reliance on technology grows. Common types of cybercrime include hacking, online scams, fraud, identity theft and attacks on computer systems. In recent months we have been made aware of several instances where clients have been targeted by cybercriminals. Here we share these examples as a warning... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital,  27 March 2018 Key points Worries about the Fed, trade wars (the risk of which has been significantly exaggerated) and President Trump generally have increased the risk around the global outlook but are unlikely to drive a major bear market. The key issue is whether the... Read more

Downsize Your Home and Contribute to Super

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

For many Australian retirees selling the family home can be an effective way to release equity to fund retirement. Following legislation passed in December, homeowners aged 65 years or over are able to downsize their family home and invest the surplus into the tax effective environment of superannuation. Key Points The sale of the property must be from 1 July... Read more

Single Touch Payroll – New Reporting Requirements for Employers

Written by Matthew Stewart, Director - Edney Ryan Chartered Accountants

Single Touch Payroll is a new electronic method for reporting employees’ payroll information to the ATO at the same time as employees are paid. Employers will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO directly from their payroll solution. As a result, businesses will no longer be required to... Read more

If you are a foreign person who owns residential land in NSW, you must pay a land tax surcharge in addition to any land tax you already pay. The surcharge will be 0.75% for the 2017 land tax year and 2% from the 2018 land tax year onwards. You may be required to pay the surcharge even if you do... Read more

Before You Buy a Property: Checklist

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

                  Buying property, for many of us, is the biggest financial decision we will make  – one influenced by both emotional and rational factors. Here is a simple checklist of recommended steps to take before making an offer or bidding at auction. Obtain finance pre-approval (read more below) Research the area (we... Read more

I can assist clients looking for suburb information. Click here to view the RP Data report for our local suburb Mosman. If you’re interested in the overview of your suburb, please contact me on (02) 9908 8888.

Edney Ryan Group is proud to be a Bronze Sponsor of the Balmoral Swim for Cancer, a family-friendly open water, charity event raising funds for the Children’s Cancer Institute. It is a unique event as it is one of the few swims held within the safety and beauty of Sydney Harbour. A great event for all comers. The swim is... Read more