Wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price of a home around Australia (from highest-lowest) is: NSW: $1,184,500 ACT: $948,000 VIC: $895,000 NT: $489,200 With the target cash rate expected to remain steady at a 12-year high of 4.35% in 2024, parents and family feel...Read More

The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO for...Read More

The allure of property investment, coupled with the appealing 15% tax rate during the SMSF accumulation phase and the potential for tax-free retirement, greatly motivates many SMSF trustees to consider property development for substantial returns. This article delves into the advantages, challenges, and common issues associated with this investment approach. An SMSF can invest in...Read More

As previously announced, from 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years. Specifics & breakdown First Home Guarantee Guarantees part of a first homeowner’s home loan...Read More

Johnny Shin, Managing Director of Solomons Wealth Management met with Chris Bedingfield, Portfolio Manager from Quay Global Investors, global REITS investment fund. We’ve discussed insights across listed global property market, post COVID thematic and emerging opportunities. Chris has nearly 30 years of experience working as a real estate specialist with a background in investment banking...Read More