As a doctor, you have invested a lot of time and money in your education and training, and you want to make sure that your hard-earned income is well-managed. Real estate investing is one avenue that many doctors are increasingly turning to in order to grow their wealth and create passive income. But why should
As a newly self-employed doctor, there are a significant number of considerations that need to be worked through, for example; registering for GST, managing practice obligations, managing tax liabilities and finding new patients. Often, growing wealth at this time can be difficult or become a low priority. When moving into private practice, you become self-employed
Before you go knocking on the bank’s door for a million-dollar mortgage, it’s a wise idea to spend a few months boosting your borrowing power. That’s the word from Walshs Mortgage Broker Grace Lee, who says it’s possible to magnify your borrowing power – or the amount a lender will hand over – based on
If you’re a student doctor, chances are your first home buy won’t be your last. As one of Australia’s leading medical mortgage specialists, we know your first house isn’t likely to be your “forever home” – in reality it’ll probably be the first in a string of real estate cash cows. And wealth health, my
We are proud to announce that Walshs has recently gained another incredible accolade having been named the winner in the category of ‘Self-Licenced Firm of the Year’ at the recent IFA Excellence Awards held on the 16th November in Sydney. These awards celebrate the best and brightest in the financial services industry nationally and we are thrilled to be
Being a Junior doctor can mean you’re income is spread thin across training fees, relocation costs and exams fees making it hard to save for a home. And with most banks requiring a 20% deposit to avoid the pricey Lender’s Mortgage Insurance (LMI), the hope of homeownership for many aspiring doctors is often a distant
On the evening of Tuesday 25 October 2022, Australia’s Treasurer, Jim Chalmers, delivered the nation’s 2022-23 Budget, Labor’s first since taking office earlier this year. While the Budget features a couple of key proposals aimed at providing cost-of-living relief for young families, it had a fairly light touch in the areas of taxation, superannuation and
Balancing the books is a crucial part of running a successful business and an important part of this is ensuring you meet ATO deadlines for compliance lodgements. The Australian Taxation Office (ATO) provides ‘Key Dates’ for all of the compliance lodgements. However, these deadlines can easily be overlooked by busy business owners which can create
Further to our article published a few weeks ago, ‘Queensland Land Tax Changes – Are you Affected?’, there has been some recent developments in this area. During the recent Prime Ministers National Cabinet Meeting in Canberra, it is reported that the Premier learned that the other states were not going to provide assistance as
Are you considering establishing your own private practice? There are a number of general and professional factors to cover to ensure you get it right. Julian Muldoon, Director and Founding Partner of 1Group Property Advisory provides us with some key considerations to think about when it comes to this big decision. There’s an incredibly important
