Montara Wealth

Wondering if financial advice is only for the wealthy? Think again! 💡

Check out why everyone can benefit from a financial advisor⬆️

Last Friday, the Montara Wealth team had a great time volunteering at the Golf Day NSW hosted at St Michaels Golf Club with The Kids'​ Cancer Project. 🏌️‍♂️

We dedicated our time to support their fundraising efforts for children battling cancer, and we're thrilled to share that the auction we were part of was a tremendous success, contributing to the meaningful cause of The Kids Cancer Project. 🌟 In total, the event raised an outstanding $72,800! On the day alone, $17,800 was raised through raffles, live and silent auctions, and on-course activations!

It's inspiring to witness the impactful work and efforts of The Kids' Cancer Project, funding essential scientific research to advance improved treatments for all children with cancer. 🤜🏼🤛🏼

Have you already started setting your financial goals for next year? 📌📝

There are advantages and disadvantages to both options, and this will entirely depend on your unique circumstances 🏠

We highlight the pros and cons of both options in our latest article. Read it via the link in our bio!
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Are you working long weeks but feel like it’s still not enough? If you answered yes, it’s time to give the team at Montara a call!

“We felt we had a lot of money in the bank that was just sitting there and doing nothing. That propelled us to get professional advice to find out how our money could work for us.”

After comprehensively researching financial planners, Christine and Jono sat down with Montara.

“We didn’t want to use the big four banks. We wanted to align with a planner who could give us fair and independent advice.”

Christine & Jono

Does this sound like you?

✨ Does it feel like you’re slaving away in your job, but not getting ahead financially?

✨ You’re seeing your friends take luxury holidays and wondering what they do differently?

✨ Are you wanting to start a family and buy that dream home, but you don’t think you can afford to do both?

✨ Are you paying off a mortgage and have no idea if you’re going to have enough for retirement?

✨ Are you raising a young family and find it hard to get through the bills, let alone, get ahead?

✨ Do you want to reduce your tax and grow your wealth as fast as possible?

If you said yes to any of the above, it could be time to speak to Montara Wealth!

Do any of these scenarios sound like you? Are you one of those people that wish you had done something 1 year ago, 2 years ago, 3 years ago? Now is the time!

You can book a FREE consultation and start planning a life where you get to keep your lifestyle!

Interest rates have more than doubled over the last 18 months – does that mean home loan repayments will triple when fixed rates expire? With ten back-to-back cash rate rises pushing interest.

👉🏻 Click on the article link in our bio to read the article.

A day out with .accountants

Rental affordability continues to worsen in most capital cities and some regional areas due to extremely low vacancy rates across the country.
https://www.smh.com.au/politics/federal/forced-to-move-away-from-family-and-friends-rental-affordability-slides-20221128-p5c1qr.html?fbclid=IwAR2m05dIqnJO43mrVWUigB1d1grfHOQvDrKQhTkQt4Tv0V8sdfasWYQWYgg

‘Forced to move away from family and friends’: Rental affordability slides Stagnant wages, strong demand and record-low vacancy rates are being blamed for a sharp fall in rental affordability across the country over the past year.

With the median house price sitting around $1m in Australia’s capital cities, it may seem difficult for first home buyers to get themselves on the property ladder.

If this sounds like you, rentvesting may be a great option - rent where you want to live and invest elsewhere with better capital growth prospects.
https://www.smh.com.au/property/news/what-type-of-property-can-you-buy-for-the-median-house-price-20221122-p5c0f9.html?fbclid=IwAR2deUPrhM1M8U0JlrvIoBRSYwM9yOHooWFHblZI7bFhHDUS1kMmxQcyDkc

What type of property can you buy for the median house price? From a one-bedroom workers’ cottage to a family home, it all depends on location, location, location.

The first budget under the Albanese government has been sold as a budget focused on reducing cost-of-living pressures. However, they can’t provide cash relief to Australians as that money would be spent, further fuelling inflation.

Instead, the budget is more focused on the budget deficit, taking initial steps towards budget repair by cutting $22 billion from spending while still delivering on election promises.

Click here for everything you need to know about the 2022 budget:
https://montarawealth.com.au/everything-you-need-to-know-about-the-2022-budget/

Although it's important to map out a financial plan for your future, it's also important to enjoy life today. The article below shares some budget-friendly travel tips to help make your next trip a bit more affordable.
https://www.dailytelegraph.com.au/lifestyle/smart/young-australians-overseas-budget-travel-trends-revealed/news-story/c3e185dd454d2680d0351614fbc2836a

Cheap travel deals for young Aussies Young Australians are still booking international trips despite cost of living pressures – with many looking to group bookings to save more cash but still tick their top travel destinations off their bucket list.

Feel like you can’t quite get ahead when it comes to your financial position? You might be falling into the trap of making some common money mistakes. Click below to see how you can avoid them!
https://montarawealth.com.au/6-common-money-mistakes-people-make/

In a national cabinet meeting today, the Queensland Premier announced that the proposed changes to QLD Land Tax have now been shelved.

This is great news for investors in Queensland who would have been taxed in the proposed new regime.
https://lnkd.in/gyJPj8KN

Queensland shunts land tax change, but treasurer ‘stands by everything he’s said’ The plug was pulled from land tax, which would have lowered the threshold for landowners with property across multiple states.

With a record low shortage of rental properties available, we are now experiencing the highest level of migration since 2017. This will increase demand for rentals and homes, benefiting investors.
https://www.smh.com.au/politics/federal/where-the-hell-are-they-australia-s-migrant-deficit-is-up-to-190-000-20220921-p5bjtp.html

Where the hell are they? Australia’s migrant ‘deficit’ is up to 190,000 But new figures from the Australian Bureau of Statistics show there is already a rush of new migrants through customs, now the borders have reopened.

One of the concerns investors currently have is the direction in which interest rates are headed. As an investor, it’s important to consider that your rental income will absorb the majority of the costs associated with holding a property.

The below article outlines the strength of the current rental market through the rapidly declining vacancy rates which benefit investors and landlords.
https://www.smh.com.au/property/news/landlords-hold-upper-hand-renters-set-for-tough-conditions-over-next-12-months-20220802-p5b6l0.html

Landlords hold upper hand, renters set for tough conditions over next 12 months Some tenants are being hit with rent increases of as much as $600 a month as the national vacancy rate drops to its lowest on record. Is there any relief in sight?

The three months to December 2021 was the first net increase in population growth since the onset of covid.

The article below discusses the importance of increasing migration to support labour shortages. All our capital cities will also see rents and property prices rise as demand increases.
https://www.theguardian.com/australia-news/2022/aug/22/migration-rebound-slowed-by-australians-leaving-the-country-since-borders-reopened

Migration rebound slowed by Australians leaving the country since borders reopened Deloitte employment forecast adds to calls to improve pathways to permanency for skilled migrants and expand humanitarian visa program

Happy Birthday to our client services manager Maddy! Thanks for playing such an important role in our business 😊🎉

Many ‘experts’ have predicted dramatic price falls as a result of rising interest rates. However, most of them have failed to mention other drivers such as rising levels of migration, lack of new supply, and that not all markets will react the same to the rising rates.

The article below outlines how the Queensland market performed over the June quarter where median house prices rose by 3.6% and apartment prices rose 1.6%.

Although only minor, it still indicates that not all markets around the country are facing the same challenges and the Brisbane market remains relatively strong.
https://www.apimagazine.com.au/news/article/queensland-real-estate-market-still-has-a-steady-pulse

Queensland real estate market still has a steady pulse Queensland real estate market still has a steady pulse Speculation surrounding the health of the Queensland property market may have been too quick to diagnose it as in decline, with the latest quarterly sale results showing many areas still in a growth phase.

Day two of the Jobs Summit focused on the government's migration plan. We currently have 900,000 people waiting for a visa and the permanent migration program for this year will increase from 160,000 to 195,000 places.

This will place further pressure on the already tight rental markets while beginning to alleviate some of the strain on understaffed industries.
https://lnkd.in/gp5bTjY2

Australia raises permanent migration cap to 195,000 to ease workforce shortages Business welcomes immigration increase as government announces extra work hours for pensioners

Has there ever been a great time to make an investment? The reality is there has always been some element of turmoil in the world, from world wars to a GFC and many others.

With inflation and interest rates on the rise, those more cautious investors might start to question when is the best time to invest. So, when should you time your investment?
https://montarawealth.com.au/is-it-ever-really-a-great-time-to-invest/

When is the best time to invest? There is no clear cut answer, even the experts regularly get it wrong. Think about the incorrect property market predictions made during COVID. So, how should investors choose when to invest?

Our team was lucky enough to attend 2022. It was great to learn from and be inspired by some amazing speakers!

Current weekly rents are at an all-time high and vacancy rates are at historic lows. Average weekly home rents in Brisbane are $617 at July 2022, this is up 23.5% on the figure 12 months ago.

The article below discusses how the shortfall in new property supply and rising rents can help investors to combat the rising interest rate environment.

As the heat has come out of some of the markets, investors can be confident in taking advantage of great investment opportunities when rents will strongly offset holding costs.
https://www.afr.com/wealth/personal-finance/record-returns-from-investment-property-as-supply-squeezed-20220726-p5b4qe

Record returns from investment property as supply squeezed Rising demand and a shortfall in new apartments are a boon for property investors who can pass on the cost of interest rate rises.

We’re hosting two FREE 30-minute webinars this week to discuss if your first property purchase should be a home or investment property.

When: Tuesday 2nd August at 6:30pm & Wednesday 3rd August at 12:00pm

Register for either date & find out:

- Pros and cons of owning a home or investment property
- Key factors that may influence your decision either way
- Tax advantages of owning a home vs investment property
- Key factors for a successful home or investment property purchase

Click here to register: https://forms.gle/wnq5Zw3snwNPpSkn8

If you’re tossing up between engaging a financial advisor or not, The SMH have outlined the benefits and whats involved when working with one.
https://www.smh.com.au/money/planning-and-budgeting/tangible-benefits-in-obtaining-professional-financial-advice-20210927-p58v5d.html

Tangible benefits in obtaining professional financial advice Individuals who are in low socio-economic wealth bands – those that can least afford it – gain more from getting financial advice than those who are wealthy.

Relying on any random figure for your retirement can be very harmful as you may work longer than you need to, or worse still, retire without sufficient assets to support your lifestyle.

It’s important to set up your financial plan early and review it regularly. The below article shows how much you need to save for retirement based on how much you want to spend.
https://www.afr.com/wealth/superannuation/do-you-actually-need-1-million-to-retire-20220718-p5b2hc

Do you actually need $1m to retire? The round figure of $1 million is often thrown around as the sum needed to retire, but it depends more on your spending plans, according to a new analysis.