New Financial Year wealth tips

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Eliminate personal debt Australia has some of the highest personal debt levels in the world and it is only increasing. Some of these debts are incurring interest at over 20%. If you pay down this debt it means you are receiving a guaranteed 20% return on your money. Take control of your super Superannuation is […]

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Being an expat and managing your finances overseas

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Record numbers of Australians are leaving to live and work overseas. Expat lending specialist Alfred Moller has five top tips for Australians who have made the move. According to the Australian Bureau of Statistics, in the year ending 30 June 2018, 289,000 people left Australia to live overseas, an increase of 12,200 from 2017, the […]

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Expats: Tips for people preparing to work offshore

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There are many things to consider when planning to move overseas for work. It can be a daunting task to get your affairs in order and the following tips can ensure your financial and property affairs are taken care of before leaving Australia. Six tips to review before becoming an expat 1. Researching suitable schools […]

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Want to increase your borrowing power by $100K?

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Many first-home buyers just can’t quite afford the property they want in Sydney and Melbourne. People seeking to buy in the inner-city suburbs that are well serviced by public transport should think about ditching the car. “Maybe your car commitments are stopping your home aspirations. A relatively small car debt limits the extra capital that […]

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Omniwealth makes two senior appointments

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Diversified financial services group, Omniwealth, has made two senior appointments. A manager has joined the accounting team and a senior lawyer has joined to expand legal team. “The 2019 landscape for financial services means that the best people providing the best service at an affordable, transparent price for the consumer is a necessity. We welcome […]

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When to sell an investment property?

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Omniwealth’s Property Sale Series starts with the question: When to sell an investment property? The first study looks at paying down home debt. There are times when you should listen to your parents, and times when you should not listen to your parents. I have a couple who are clients. When they first got married […]

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Omniwealth appoints a senior financial adviser

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Richard Carey CA, CFP has joined Omniwealth as a senior financial planner after many years at Mercer in a similar role. “We are excited to have a financial adviser with Richard’s wealth of experience join our team at Omniwealth. Richard has an extensive financial services background spanning 30 years. “Richard shares our vision to deliver […]

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Over 100,000 expats could be affected by proposed CGT change

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A knee-jerk reaction from the Federal Government, says expat adviser. “The Federal government’s proposed scrapping of the capital gains tax exemption for Australians residing overseas is predicted to affect over 100,000 expats. The proposal is considered by expats to be the most lucrative government ‘cash grab’ this decade,” said Alfred Moller, Expat Lending Specialist at […]

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Comment on CGT review of main resident exemption for non-residents

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Given the recent Liberal leadership spill, perhaps it’s wise to revisit the scrapping of the Capital Gains Tax (CGT) main resident exemption for non-residents. The exemption is currently sitting 29th in the queue of legislation yet to be discussed, however the current political climate causes further uncertainty. Scott Morrison officially took office on the 24th […]

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So, what happens when your interest-only loan expires?

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Borrowers need to be ready for the cash flow effects of moving from interest-only loans to generally higher repayments on principal & interest loans. Omniwealth Finance suggests that borrowers work through its Interest Only Loan Expiry Checklist to ease the cash flow squeeze. Interest-only options on home and investment loans have a limited life span, […]

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