Empower Blog

RBA Cash Rate Decision – June 2018

Today Governor Lowe and the Reserve Board met and — no surprises here — cash rate is on hold at 1.5%. So, a bit of a “rinse and repeat” as I like to say. And that's definitely going to be the case —  I'm calling it here now —it’s definitely going to be the case right through until the end of 2018, and I can't see that changing anytim...

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RBA Rate Decision – May 2018

Note: To download the Money SMARTS Checklist, go to www.empowerwealth.com.au/money-smarts or click here. Today Governor Lowe and the Board met and they kept the cash rate on hold for a 21st consecutive month. So we haven’t seen a change to the cash rate since August 2016. So let’s take a look at what’s happening in the positive side of ...

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Sky News Real Estate, April 2018 – Capital Gains Tax, Land Size in Units & Heritage Homes as Investments

Ben Kingsley, Founder of Empower Wealth, joins the Sky News Real Estate Market Panel with CEO of GlobalX Peter Maloney to discuss everything from superannuation to buying heritage homes! Find out: When you need to pay Capital Gains Tax If land size applies to units, How To Maximise Capital Growth Get the answer to these questions: ...

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When you should and should not consider Interest Only Lending?

There's a lot of media noise out there at the moment around interest-only lending, so I thought it's important in this How To Session we talk about why we would and why we wouldn't use interest only lending options.   So I want to start with why we wouldn't use interest only lending. Now, it's logical when you think about it — but w...

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RBA Rate Decision – April 2018

Today, Governor Lowe and the Reserve Board met for April and they kept the ash rate on hold at 1.5%. No surprises there as both the Reserve Governor and the Board are flagging to industry and business that they're in no rush to move the rates higher anytime soon.   The reason for that is they still want to see stronger economic growth...

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INFRASTRUCTURE: Which is the most important to grow property prices?

In this how-to session I want to talk about infrastructure. But, more importantly, I want to talk about the essential ingredient you need in infrastructure that is going to grow property prices not only for the short term but for the long sustainable term. Now you might be thinking, “That's an easy one! Surely it's got to be transportation… ...

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RBA Rate Decision – March 2018

At the March 2018 RBA board meeting, we saw the cash rate remain on hold at 1.5%. No surprises there — we know that the rate has been widely tipped to stay on hold from most economists around the country. This is an interesting point because what Governor Lowe made mention in February was that he doesn't see any strength in moving the cash rat...

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What’s APRA’s Next Move?

In this How-To Session we're going to explore what the potential move from APRA might be after the macro-prudential regulations they introduced in late 2014. Firstly, who is APRA? APRA stands for the Australian Prudential Regulatory Authority, and their job is to regulate the lenders who lend money out into the marketplace. Now, when you've go...

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RBA Rate Decision – February 2018

Today Governor Lowe and the Board met for the very first time in 2018, and they kept the cash rate on hold at 1.5%. Again, no surprises there. The reason for that is because inflation numbers came out last week and the overall year-to-date number for 2017 was only 1.9%. We all know that they want to keep the inflation bandwidth between 2% ­– ...

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Get Rid of The A.E.W.D Mindset

In this How To session I want to explore A.E.W.D. Now, you might be thinking what is that?  Well, I will get there in a minute; but first, I want to tell a story around this. Recently, I've been on holidays — it’s been Christmas and New Year — and obviously around Christmas time you get to spend a lot of time with extended family and f...

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Have you taken this critical step to reducing your debt?

[gravityform id="26" title="false" description="false"]   Hi, Ben Kingsley here. I hope you've had a great Christmas and a fabulous new year. But now we've got to pay for that joy, don't we? Now, if we've put too much of that on our credit card then, ultimately, we have to be paying off that credit card. Did you know that in Austra...

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Merry Christmas From All Of Us!

2017 on the whole has been a positive year for building wealth for our clients.  Property prices have risen, share markets are up and no great change to interest rates.  Also via increased demand for our services Empower Wealth has also grown with another 17 new staff joining the ranks this year. From the entire team at Empower Wealth, we’d ...

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Warning Signs

Ben appears in Money Magazine’s November article, Warning Signs, this time speaking with the prospective of his position as Chair of Property Investment Professionals of Australia (PIPA). Why? As the article title suggests, unfortunately many property investors are falling prey to the spiels and spruiks of “advisors” who are making over...

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