The financial planners at Purely Finance are here to help people in the Perth area use investment properties as a vehicle for financial independence. We are here because we believe that property investing provides an unbeatable combination of market stability and the possibility of high returns for those who invest aggressively. Our Economy So Far [Continue Reading]
How to Buy an Investment Property
At Purely Finance, our mortgage brokers and financial planners in Perth provide one stop shopping for those in the area who want to create wealth through investment property. We feel for numerous reasons that investing in rental properties is the most consistent and reliable way to create wealth. While we can’t give individual advice without [Continue Reading]
Why Financial Planners in Perth Love These Regional WA Suburbs
The financial planners in our Perth office are experts at working with investors who want to use real estate as their prime investment vehicle. Combined with our mortgage broking, we offer a one-stop shopping solution for real estate investors. However, rising prices in Perth and all capital city markets have caused many to not be [Continue Reading]
Financial Planners in Perth: 5 Things Not to Do When You Receive an Inheritance
As some of the most experienced and trusted financial planners in the Perth area, we have worked to help a lot of people minimise taxes and maximise revenue from their inheritances. Unfortunately, we have also seen the results of people who try to do it on their own. When someone receives an inheritance, their usual [Continue Reading]
Couples and Money: The Great Compromise
The financial planners in our Perth office have a lot of experience in working with couples. While it might seem like couples should have the same opinions about money, we have found that there are always differences between partners. Sometimes one partner is so dominant that he or she takes total control. We don’t think [Continue Reading]
Property is Now Australia’s Biggest Business
The field of business finance is changing, in Perth and across Australia. According to a major consultancy company called AEC Group, the property industry is now the largest segment of the Australian economy. In the last ten years, the GDP of the property industry has doubled, reaching $182.5 billion in 2013-14. The study was commissioned [Continue Reading]
An End to Stamp Tax Duty and Negative Gearing? What it Could Mean to You.
Financial planners who work with property investors in Perth are watching closely to see if the Government follows through on a recent report by the Senate Economic References Committee. For property investors, there were two giant takeaways. The committee recommended that stamp tax duty be replaced by “more efficient taxes.” It also recommended that negative [Continue Reading]
A History of Interest Rates: Why They Won’t Stay Low Forever
We have helped a lot of people obtain home loans in the Perth area, but that isn’t all we do. We also provide business finance and have a team of financial planners. We have spent most of our business lives helping people in the Perth area achieve their dreams and we don’t plan on stopping [Continue Reading]
The Big Picture on Low Interest Rates
The record low Reserve Bank of Australia (RBA) interest rate has been a hot topic of discussion for mortgage brokers in the Perth area. Standard home loans are a great bargain right now, especially in the Perth market. But did you know that low interest rates provide other great opportunities, too? All four of the [Continue Reading]
RBA Drops Cash Interest Rate to Another All-Time Low
If you are among those considering home loans, investment loans or refinancing your Perth area home, you are probably excited that the RBA has dropped the cash interest rate even further to 2.25%. This drop came as a total surprise to many economists. Predictions for 2015 were all over the map, with some calling for [Continue Reading]
Risk and Return: Financial Planning Advice for Risk Management
Financial planning firm in Perth simplifies risk and return to take the confusion out of risk management. Everybody goes into investing with one goal: to make money. Some are very successful and some aren’t. It is important to know that all investments carry inherent risk. Just because you invest doesn’t mean you are going to [Continue Reading]
5 Steps to be Better Prepared with Financial Forecasting
What is financial forecasting and what does it mean to you? It may be easier than you think. Recently, “financial forecasting” has become an industry buzzword. It may sound different, but at the end of the day, it’s simply the use of sound financial principles and tracking to create a budget that allows you to [Continue Reading]
Wealth Building Techniques for the 21st Century
The financial planners in our Perth office are often asked to give advice over the phone or by email. However, everyone’s financial situation is different. Consequently, we can’t really give any specific advice until someone has a conference with us and we get a full view of their finances. What we can do, though, is [Continue Reading]
The Basics of Borrowing for Property Investment in Perth – [Video]
Full video transcript below: I’m Nick Aves from Purely Finance. We’re mortgage brokers and I’m a licensed credit adviser. We specialise in helping investors of all levels, from people just looking to get in the investing market right up to people that are very experienced investors doing very large developments. Today, I just want to [Continue Reading]
How to Get the Most Out of Financial Planning Services
What you need to know to make financial planning services work for you from right here in Perth. If you are a beginning investor, congratulations. Rest assured that even the most successful investor was a beginner once. The most important thing that seems to separate the successful from the unsuccessful is that most successful investors [Continue Reading]
Will the Budget Impact Your Property Investment?
What your finance advisor wants you to know about the budget and its possible effect on the Perth real estate market. According to the Index of Consumer Sentiment published by the Westpac Melbourne Institute, consumer confidence in Australia dropped this September after the Index had stabilised the past months. This news has eroded the hope [Continue Reading]
How to Save Money on Your Credit Cards
Our financial planners and mortgage brokers look at a lot of financial information on the way to helping our clients. One of the more disturbing patterns we see on a regular basis is clients who pay too much money on credit card debt. For many, having a credit card seems like an invitation to immediately [Continue Reading]
How Do You Choose The Right Rent For Your Investment Property?
For financial planners, a large part of our job is maximising each investment. If an investor has a rental property in the Perth market, this can often be a tricky proposition. We try not to give specific advice in a blog because everyone’s individual financial situation is unique. However, we can give some general guidelines [Continue Reading]
Should You Clear Your Home Loan or Invest in Property?
As a firm that has mortgage brokers and financial planners, we have fielded this question from a lot of our clients in Perth: “Should I pay off my home loan or should I invest in property?” While there is no answer that is right for everybody, the short answer here is that you should invest [Continue Reading]
Winning the Game of Personal Finance
Personal finance fundamentals that your financial planner in Perth wants you to know. Since the advent of superannuation, Australians are a lot more aware of retirement than in previous eras. We are now encouraged to think of our retirement and are provided numerous investment options for our super funds. While we applaud this trend, it [Continue Reading]