For questions that relate to the laws, practices, and products of Australia.

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2answers
50 views

Investment property information resources

I'm thinking of buying some investment property, however I have no idea where to start with it. I understand that there are a few kinds of property investments and a bunch of laws and tax variations ...
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2answers
52 views

Where can I find information on Loans in foreign currency for the purchase of property in Australia? [closed]

I am looking for information on what banks, or other financial institutions, allow borrowing of money in their home currencies for the purposes of purchasing property? The type of information I am ...
4
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2answers
155 views

How can I manage my Credit Card Debt in Australia?

35K in credit card debt and personal debt (17K Credit Card 16% interest rate, 18K Personal Debt,Variable Rate 5yrs & 8mths remaining). I used the advice in Battling the credit car debt in ...
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1answer
103 views

How will the New credit reporting rules affect people who are already struggling financially?

With the new credit reporting rules in place in Australia and the implications of having a black mark against your file for just being 5 days late in making a payment, whether it be credit card or ...
4
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1answer
52 views

Why do stocks priced above $2.00 on the ASX sometimes move in $0.005 increments?

On the Australian ASX price increments that a stock can move by is determined by the current value of the stock as shown below: Why is it then that sometimes a stock that is currently priced well ...
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4answers
512 views

In Australia, how to battle credit card debt?

I have $18K in credit card debt. What are my options in tackling this? Every month I am left with no extra money to pay anything more than minimum payment required (car, rent, another personal loan, ...
2
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2answers
79 views

Advantages of Shareholder over Director in new Company

I am forming a small company with a few others (in Australia). I can elect to be a director if I wish, or merely a shareholder. In either case, the shares will be evenly distributed between us. I ...
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0answers
24 views

What do the proposed changes to FOFA mean for consumers obtaining Financial Advice?

The Australian Federal Government is proposing to make changes/rollbacks to some of the new FOFA (Future of Financial Advice) legislation for Financial Planners. If the changes get through parliament, ...
5
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1answer
87 views

If I'm an independent contractor in Australia, doing small jobs for a company in NY, do I pay taxes to Australia or The US?

I'm an Australian citizen, living in Australia. I've started doing some writing work for a company in NY on a project-by-project basis. The C.O.O asked if I could send him a W2 form. Having done a ...
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2answers
102 views

Is credit history more important than amount of savings when applying for a mortgage?

I am currently in Australia and fixing to buy a house here. What is given more value when I apply for a mortgage to buy a unit in an apartment: a sound credit history, or a lot of savings in the bank ...
3
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1answer
62 views

Superannuation: When low risk options have higher return, what to do?

I have heard many times that if you are a young worker who still has many many years ahead of you before you retire, you should choose a relatively high risk/return investment option for your super, ...
2
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1answer
40 views

In Australia how are medical costs calculated?

I have a young family and my wife and I are under the assumption that if a major surgery needed to take place that costs are covered by the government. I would like to understand what the situation ...
2
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1answer
47 views

Investing in DHA property in Queensland

I was interested in investing in DHA (Defence Housing Australia) properties in Queensland. Does anyone who may have any DHA investment properties within Queensland know how these properties have ...
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3answers
99 views

Deciding on whether to redraw from mortgage

I'm trying to work out whether or not there will be any benefit in redrawing from my mortgage to pay off my car loan. The idea is that if I pay off the loan, I can use the monthly car payments as ...
2
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1answer
127 views

Am I able to conduct a private sale of public shares at a price that I determine?

I was wondering if it were at all possible to sell my own shares to someone specific at a price I determine? Let's say I have $1,000 worth of an arbitrary publicly traded company and I wanted to sell ...
2
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1answer
62 views

Can I transfer my West Australian rock lobster quota units into my SMSF?

Is it possible to transfer my pre-owned Western Australian Rock Lobster fishery quota units into my existing SMSF?
3
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1answer
52 views

What are the tax implications of purchasing mutual funds in the US with Australian dollars?

I am a dual citizen of Australia and the US, and a resident of the US. I have some savings in Australia that I would like to use to purchase mutual funds in the US. If I make the purchases using ...
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1answer
115 views

Money transfer from Australia to India - avoid receiving ends service tax

How to avoid service tax at receiving bank in India
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0answers
22 views

ASX : Index to track alternate investments?

Is there an index S&P/ASX to track alternate asset class investments? Also to track performance of each asset class in the Australian market is the below correct? Cash S&P/ASX ...
6
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4answers
764 views

Cheapest way to “wire” money in an Australian bank account to a person in England, while I'm in Laos?

A friend wired me some money when I lost my bank cards a month ago. Today I finally got my new cards and want to wire him the money back. We are both moving around the world. He was in Australia and ...
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1answer
79 views

What are the tax ramifications of an Australian citizen purchasing mortgage notes secured by California real estate?

I an an Australian citizen, and I am interested in purchasing mortgage notes secured by California real estate. The payments are tendered monthly. What are the tax ramifications in the US? Is there a ...
0
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0answers
65 views

What's the value proposition for investing in a note like ASX:AFIG?

First foray into PF, I hope I've followed the rules properly, especially since I'm such a stickler for them over on SO :-) Although I seem to be asking about a specific stock here, I'm really more ...
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1answer
303 views

Should I move my UK ISA balance into an Australian savings account prior to emigrating?

I have around £6000 in a Santander UK easy ISA, the interest rate on this is 0.10% as listed here I'm planning to emigrate to Australian in the next year, so will be setting up a bank account soon. ...
3
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1answer
416 views

Are there any disadvantages to DHA Investment Properties?

In Australia, Defence Housing Australia (DHA) sells a selection of their properties to private investors under a leaseback arrangement in order to supplement housing supply for the Australian Defence ...
3
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2answers
189 views

What will be the consequences if Negative Gearing is abolished in Australia?

There has been recent speculation in the Australian media about the Government possibly abolishing Negative Gearing in Australia in order to shore up falling revenues. In fact certain interest groups ...
4
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2answers
556 views

How can I deposit USD money in my Australian checking account while incurring as small a fee as possible?

I'm moving to Australia next month (from France) and am receiving monthly US dollar checks (from some affiliate marketing activities I have in the US). In Australia, I will have an Australian checking ...
4
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1answer
158 views

Can my wife claim a deduction for her personal superannuation contribution if she got the Parental Leave Pay?

My wife is self-employed and had a baby last year for which she claimed the Parental Leave Pay from the Federal Government (a bit over $10K over 18 weeks). She had to enter the amount in Item 1 - ...
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1answer
287 views

Can I transfer my investment property into a SMSF?

I have two existing investment properties which I am looking to hold for the long term, basically to provide me with rental income in my retirement. If I set up a SMSF can I transfer these properties ...
10
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1answer
516 views

How to choose a good tenant as a private landlord?

I have 2 rental houses and am sick of the real estate agents providing such bad service. I have changed real estates 3 times over the past 5 years and I have to the conclusion that I am the best ...
2
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1answer
192 views

New payWave debit card vs PIN

My bank in Australia (SuncorpMetway) just issued me a new payWave Debit card (VISA) to replace my old/expiring savings account card. My old card required a PIN for any withdrawal or purchase. I ...
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2answers
115 views

Which instrument to use to trace the Aussie Stock Market?

The best way to achieve market returns is to get into a product that traces the market, right? So I have found two such potential products to trace the ASX 200. The first is an ETF, STW.AX (SPDR 200 ...
4
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1answer
173 views

Overpaid Rent Owed By Real Estate

Over the course of my last lease I had overpaid around 2 weeks rent to the real estate. I was notified of this when I moved out, but despite chasing them up about it they have failed to refund me the ...
2
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1answer
488 views

How much time does one have to pay an invoice in Australia?

How long, legally, does one have, to pay an invoice? I have done extensive research on this, and there are too many contradictions on the Internet and a lot of it seems, to me, to be hearsay. I cannot ...
4
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1answer
88 views

How frequently is the list of constituents that make up the S&P/ASX 300 updated?

How frequently is the list of constituents that make up the S&P/ASX 300 updated? Is it once a month on the 1st Monday of the month, or daily, etc?
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1answer
257 views

Safety of keeping savings in a mortgage account

I have a mortgage account and a separate (yet linked) savings account with a certain Australian bank. This bank draws a minimum mortgage repayment from the savings account into the mortgage account ...
5
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2answers
283 views

Why is mortgage interest deductible in the USA for a house you live in?

In Australia, if you have a mortgage on the house you live in the interest and other expenses are not tax deductible, unless you rent out one or some of the rooms or run a business from your home, in ...
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1answer
58 views

How can a single member SMSF be set up?

In a Self Managed Superannuation Fund (SMSF) each member has to be a trustee or a director of a corporate trustee and each trustee or director of a corporate trustee a member. However, a SMSF cannot ...
3
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2answers
172 views

Whom do I pay the rent to?

I live in a house owned 50/50 by a brother and sister. The sister has moved out so it's just myself and her brother and she has asked me to pay rent just to her and her brother to receive nothing as ...
1
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1answer
74 views

Can I claim a SuperAnnuation -loss- on my 2011-2012 Australian Tax Office tax return?

can i claim any super annuation -loss- in an Australia Tax Office (ATO) tax return? if so, what section please?
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2answers
243 views

Is it possible to create a self-managed superannuation fund to act as a mortage offset? (Australia)

I have forced investments via Australia's mandatory superannuation scheme. The value of this is about half the value of the remaining mortgage debt on my own home. If I had access to this money, I ...
3
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1answer
75 views

Rewards credit card for large repeating purchases in Australia

I have no revolving credit card debt: I pay it off every month. I also have a significant throughput of charging/paying off, including a large repeating medical cost that will be at least $3000 every ...
4
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2answers
144 views

Which loan should I offset?

Imagine I have two loans, one is 300k and the other is 50k. I also have an offset account with 35k in it. All income is going in to the offset account and so it should rise rapidly. If i offset the ...
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1answer
65 views

Commencing a Pension from an SMSF

If I have bought a number of investment properties through my SMSF during the accumulation phase, which are all or mostly paid off with net positive income by the time I reach preservation age and ...
5
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1answer
193 views

Buying an Investment Property in a Self Managed Super Fund (SMSF)

What is the best way to structure the purchase of an investment property in a Self Managed Super Fund (SMSF)? Now that limited recourse borrowing is allowed in SMSFs to purchase assets such as ...
0
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1answer
61 views

Which reward/benefits card is the best value for money in Australia?

As per the question this is based off: Which card do you use and why? Some cards are similar but some not. This will also be affected by personal preference, so indicate why you chose a ...
2
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1answer
173 views

Residence vs investment property in Australia?

I find the Australian property tax laws really confusing. If you live in a house that you own, then it is your residence. In which case, you cannot claim the interest as a tax deduction. However, you ...
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7answers
5k views

What is a good rental yield?

If you are thinking of buying a property for investment purposes, what is a good gross yield? I've been told you should take 3 zero's off the price of the property, so if a property is worth 400,000, ...
3
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1answer
238 views

What are Binary Options?

What are binary options, what can they be traded on and what is the process in trading them? Also, are there any brokers in Australia who offer binary options?
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2answers
314 views

I work in both Sweden and Australia - should I declare Australian based income overseas?

I am an Australian citizen working in both Sweden and Australia. I have been in Sweden for just over 3 years, my partner is Swedish. I travel to Australia regularly, at least twice a year, where I ...
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9answers
1k views

Trouble sticking to a budget when using credit cards for day to day transactions?

I recently got a credit card which is linked to an airline, and has a flyer points program for every dollar spent on the card in each billing period. Wanting to make the most of this, I started using ...