Q. How will the changes to the First Homeowners Scheme which will take effect from 1 July affect us?

Q. My partner and I are looking to buy our first home.  We have been in the market for quite a few months and have missed out on several properties.  We are looking to spend no more than $650,000 on a unit in Sydney close to transport.  As neither of us has bought a property […]

Should I rent or buy?

Q. My wife & I are in the late 50’s with fixed passive income of $50,000 pa from the sale of a business until 2016.  We have $300,000 in bank deposits, $60,000 in Managed investments.  We have a guaranteed annuity income of $42,000 for life from an overseas Pension from age 65. No debt,  currently renting […]

When is Capital Gains Tax exempt?

Q. I have owned my home for 10 years and I worked overseas and rented it out for 3 of those years.  I have been told I may have to pay Capital Gains Tax (CGT) on a portion of the gain.  Is this the case? A. Your home is exempt from CGT provided it is […]

What happens when you move into your investment property?

Q. I will be selling my marital home soon and plan on moving in to my investment property I have rented out for the last 3 years, interest only and negative gearing against my other income. I read that if I move in to my previously rented property and live there for at least 2 […]

Asset rich, income poor. Equity release options for retirees looking for income to live on

Q. I am 71 years of age and my wife is 68.  We are both retired in good health and both on the full age pension. Like many we are asset “rich” and cash poor. Our home which we own has a current value of approx. $1.1m with enough cash in the bank to equate […]