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    Wealth

    Personal Finance

    This Month

    Rooms in aged care now cost $800 a week

    Those who can’t afford the full accommodation deposit need to watch out for an 8.35pc sting in the tail.

    • Bina Brown
    Money.

    What to do with your money in market meltdowns

    Investors are jittery after US recession fears triggered a global market rout this week. But sudden downturns are a good time to review your investment plans.

    • Michelle Bowes
    One of the goals of rentvesting is to cash in on the capital gain of the investment property and use it to purchase your dream home.

    The maths justifying rentvesting has changed. Here are the numbers

    It’s a popular strategy for building wealth but how does rentvesting stack up after 13 rate rises?

    • Kelly Kennedy

    Help! My parents want to invite 20 of their friends to our wedding

    What to do when mum and dad help out financially but expand the guest list beyond your comfort zone.

    • Penny Wise
    Social media app TikTok

    I watched 100 fintok videos – here are five finfluencers to follow

    Critics say you can’t explain complex issues in 30 seconds, but some young content creators on TikTok do it really well – particularly Australian women.

    • Tim Mackay
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    Where you can afford to buy without breaking the 30pc rule

    See how suburb-level affordability across Australia’s three biggest capital cities has changed over the past three decades.

    • Lucy Dean and Les Hewitt
    Young people locked out of housing markets are far more likely to support government intervention.

    Why you’re probably losing $1500 a year and what you can do about it

    With interest rates set to fall in coming months, now is the time to lock in a better rate on your savings.

    • Michelle Bowes

    Why Gen X needs to think about retirement right now

    A new generation of just over 5 million Australians – born between 1965 and 1980 – is approaching retirement.

    • Michelle Bowes
    Buy and hold investors choose assets in the belief they will appreciate over time.

    There are five types of investor. Which are you?

    The best investing advice is 2500 years old and comes from Greek philosopher Socrates: Know yourself.

    • Andrew Hobbs
    While it’s technically possible for someone to pay no income tax, it’s highly unlikely.

    Is it possible to pay no income tax?

    It is nonsensical to spend money just to get a tax deduction because you’re still out of pocket.

    • Penny Wise

    July

    John Cachia says using a financial adviser helps him with his “blind spots”.

    ‘I’m a financial adviser but pay somebody else to manage my money’

    Thriving Wealth founder John Cachia had three good reasons to outsource his financial affairs.

    • Michelle Bowes
    Australian investors face even higher rates.

    If the RBA was doing its job, it would immediately lift rates

    A hot inflation figure on Wednesday would show we are in the grip of a structurally persistent crisis which has been underestimated in three of the last four quarters.

    • Christopher Joye
    A key question is whether children have the financial literacy and emotional intelligence to handle a significant sum of money.

    Six questions to ask your adult kids before writing a will

    Not everybody has the financial literacy and emotional intelligence to handle a significant inheritance.

    • Nina Hendy
    Rachel Wastell, personal finance expert at Mozo, says to watch out for the loyalty tax.

    The $1 rule that can save you hundreds on your mobile phone

    Telstra’s decision to raise its plan prices above inflation is a wake-up call to Australians to shop around for a better deal on their mobile phone, savings experts say.

    • Lucy Dean
    AFR

    What’s a close personal relationship? The ATO has its own idea

    There are limited circumstances in which superannuation benefits can be passed on tax-free, and a lot depends on the relationship definition.

    • Peter Townsend
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    Private credit offers higher returns at greater risk.

    How to spot a good – or bad – private credit fund

    Growth in non-bank lending presents new opportunities for investors. But with higher returns comes added risk.

    • Michelle Bowes
    Roughly one in four Aussie home loans are set to switch from uber-low fixed rates to heinously high variable rates this year.

    Is the CFMEU the reason none of your friends can buy a house?

    Experts say sheer union bargaining power has helped to push wages up across the entire construction industry, and that is filtering through to property prices.

    • Lucy Dean
    Zombie companies, low-yielding commercial property and marginal residential borrowers will become even more vulnerable.

    Second subprime crisis more likely with Trump in the White House

    Investors need to start preparing for how a re-elected Donald Trump will shape inflation, interest rates, and hence asset prices.

    • Christopher Joye
    AFR

    New $3m super tax is ‘stealing my children’s inheritance’

    Family enterprises face hard questions about whether to abandon their succession and retirement plans by selling their shops, farms and factories,

    • Duncan Hughes
    A question of super.

    Can I put $360,000 into super before my divorce settlement?

    A reader getting $1.9 million from her ex-husband’s super fund wants advice on maximising her savings and the $15,000 she already has in her fund.

    • John Wasiliev