Empower Blog Property & Financial Investment

The Myths and Facts of Insurance  

As you would appreciate, no one would buy a brand-new car and leave the showroom without insuring it.  So why is it then that thousands of Australians leave their house every day to go to work with minimal to no personal insurance coverage at all?   Just like insuring a new car because they know they need it, why is it that many Austra...

Read More

Do Not Let Your Conveyancer Talk You Into Registering For GST!

When it comes to registering a property for GST, it's always best to check with an experienced property Accountant before. Get it wrong and you will have to pay the ATO 1/11th of the sale proceeds, even if the bank ends up taking the whole lot to repay your loan.  Twice in one week clients have come to our National Accountants network having b...

Read More

Opportunities await – super changes from 1 July 2022 

Changes to super contribution rules from 1 July may create a great opportunity to revisit your savings and super contribution strategies. The changes may create new or enhanced options to build your savings. Outlined below is a brief explanation of some of the key changes and how you could benefit.  Super changes ahead  Now is ...

Read More

RBA Cash Rate March 2022: When Will We Have The First Rate Rise?

There’s a lot happening in the world since Ben’s previous RBA update and unfortunately, there’s not a lot of great news out there from a geopolitical point of view. Here are the key themes for this month’s economic update: What does Russia's invasion of Ukraine mean for the global economy?When will the first rate rise be?How will the...

Watch Video

Inflation hits the property market

Ben appeared on Sky News Business Weekend with Ross Greenwood to chat about property owners and buyers face a dilemma with the prospect of higher interest rates taking the edge off price rises. ...

Watch Video

Meet Victor Dao

Victor is a Financial Planner at Empower Wealth who has more than 10 years’ experience in the financial planning industry. He holds a Bachelor of Commerce from the Australian National University majoring in Accounting & Finance, a Diploma & Advanced Diploma in Financial Planning, and is a Certified Financial Planner ® with the...

Watch Video

RBA Cash Rate February 2022: Biggest Sure Bet Prediction for Property this year

It’s the first RBA Announcement of the year so there are lots to catch up on folks! The last update was exactly two months ago and a LOT has happened since then (take the inflation rate for example!) so tune in for some jam-packed economic update. Here are the key themes for this month’s economic update: The global Omicron wave of th...

Watch Video

Meet Sage D’Costa

Sage is a Financial Planner at Empower Wealth with over 7 years’ experience in the wealth management and financial planning industry. Sage holds a bachelor’s degree in Commerce (Finance/Financial Planning), Diploma of Commerce (Management) and a SMSF Accreditation Certificate with aspirations to attain further post graduate qualification as CF...

Watch Video

Principal Place of Residence CGT Exemption

The recent increases in housing prices make it more important than ever to ensure you home is fully protected from Capital Gains Tax (CGT) by your main residence exemption. Afterall CGT is really just a tax on inflation.  If your home misses out on the exemption you are unlikely to have enough left to buy another home after you pay the tax...

Read More

Tax Deductions When Working From Home

Don’t forget to keep all the records you will need to be able to claim the associated costs as a tax deduction. None of the claims listed below will affect the CGT main residence exemption on your house. The CGT main residence exemption is more a factor of whether you see the public there or that it is advertised as a place of business. If yo...

Read More

Retirement: where to start

While many of us dream about the day we finally get to give up work and reap the benefits of our blood, sweat and tears, we often struggle to plan for it. After all, in the scuffle of immediate priorities, saving and planning for retirement don’t always make it to the top of the pile. But there’s a good chance you could be spending almos...

Read More

Merry Christmas & Happy New Year!

Good day, Ben Kingsley here, for what has become a bit of a tradition with our annual Christmas message. I'm getting a little bit older, I think, and now having to wear the glasses. I probably look a little bit more like Santa Claus, probably just need the gray beard. But it's coming, everyone. I just wanted to say, it has been a pretty in...

Watch Video

RBA Cash Rate December 2021: Has the Property Market Lost its Bullish Mojo?

It’s the final RBA Announcement for the year so there are lots to catch up on folks! The most important question is… are we finally seeing an end to the property market’s bullish mojo? Tune in to this episode where Ben unpacks that and three other key themes for this month’s economic update: Should we be preparing ourselves for th...

Watch Video