December, 2016

Changes to Foreign Investment Property Laws

The new changes in the foreign investment framework are the most significant changes to the framework in over 40 years, click through to read more about how these may impact your next investment or development. In the 2013-14 financial year, foreign investment approvals were given for $167.4 billion of proposed investment. This represented a 23.4 per cent increase on the $135.7 billion in proposed investment approved the year prior. Given this unprecedented increase in foreign investment, the old framework could not properly hold up. The major considerations in mind when developing the new framework were: National security; Competition; Other Australian […]

Read More

“Influencers” help ensure good ideas are adopted and key opportunities are not missed

History tells us that the executives at Xerox and Kodak blew it. Four decades ago, Xerox researchers invented the graphical user interface that became the cornerstone of the personal computer – but senior managers chose not invest in the technology. Apple and Microsoft are forever indebted to them. Kodak invented digital cameras – but its managers stubbornly refused to abandon its focus on film. Nikon, Canon and all smartphone companies are the beneficiaries.   With Xerox and Kodak, “the ideas were there, but the ability to influence the strategic direction of the organisation to take advantage of those ideas … […]

Read More

Salary Sacrifice Into Superannuation

More super, less tax What is salary sacrifice? Put simply, salary sacrificing is a pre-tax contribution from your income to your super account, so you’ll have more money to enjoy in retirement. These pre-tax contributions reduce your taxable income so you may pay less tax. How does salary sacrificing work? First, you need to look at your income and expenses, and work out how much of your income you can comfortably give up now, and invest for your retirement. Then you need to arrange with your employer to regularly redirect that amount of your wage to your super account instead […]

Read More

So this is what living through historical moments feels like!

Like the post Brexit reaction the markets (ex Japan) have been remarkably mature about dealing with what was a massive surprise of the Trump victory.   I discovered the VUCA world analogy during recent readings. The American military coined the term VUCA (Volatile, Uncertain, Complex & Ambiguous) world to describe the conditions in Afghanistan and Iraq. Their considered advice was captured beautifully in this quote – “we are moving from a world of problems, which demand speed, analysis and elimination of uncertainty to a world of dilemmas which demand patience, sense making and engagement with uncertainty.”   So engaging with […]

Read More

How elite golfers could help you plan your finances?

In late 2014 Griffith University on the Gold Coast hosted the World Scientific Conference on Golf (WSCG). Julie Knutsen, a lecturer at the university, seized on the opportunity to tee-off some research to answer a question that she’d been considering for a long time: what can elite golfers teach us about making better financial decisions? At the Personal Finance and Investment Symposium (PFIS) held at Western Sydney University last week, Knutsen presented the preliminary findings of her research into whether decision-making processes that lead to the best results on the golf course can also improve results when it comes to […]

Read More

Warning to property investors: you’re trapped in a bubble

You wouldn’t normally expect us to talk about property, but I got some very strong views,  I want to outline. In the year to May 2016 – we know the total number of apartments sold in Australia amounted to about 96,000 units. That’s new, off-the-plan apartments, as well as existing apartments. But in the year to May 2017, the number of off-the-plan apartments due to settle will be almost 94,000 apartments – almost the same number of apartments sold in Australia in the year before. This simply means there are a lot of apartments about to settle. What we know […]

Read More