At Westlawn, we have a team of specialist Home Loan Brokers who love to help locals achieve their investment property goals. Purchasing an investment property is a great long-term strategy to build your wealth. In this article, we’ve put together a few tips to help you get started on your journey to purchasing an investment […]
By Simon Keir, Westlawn Senior Insurance Specialist Purchasing a property, whether it’s to live in or as an investment, is one of the biggest (and likely most daunting) financial commitments most of us are ever likely to make during our lifetimes.
By Chris Dougherty, General Manager, Westlawn Insurance, Choosing the right insurance is vital for protecting your investment. Landlord insurance covering buildings, contents and loss of rent should play a vital role in any property investment strategy.
If you own an investment property, at the very least you’ll need building insurance and a minimum of $10 million legal liability insurance before a tenant can move in. While a standard building insurance policy may cover your tenanted building for damage caused by events such as fire, water and storm damage, you won’t be […]
With the end of financial year just over 6 weeks away, we highlight 5 effective EOFY strategies you can implement now to help you reduce tax, save money and build your super nest egg for retirement. Have an investment property? You’ll need to know what you can claim this financial year. And if you’re self-employed, […]
There has been plenty of talk about the so-called “sharing economy” in recent times. Online services such as Airbnb (as we discussed in a recent article), Airtasker, and the ride-sharing service Uber allow us all to unlock the value of our assets by sharing our homes, cars and even our labour, while at the same […]
By Chris Dougherty, General Manager, Westlawn Insurance Should you get in on the action and advertise your home or spare room for holiday rentals? Doing so could provide a tidy windfall.
You’re in your mid-50s and you suddenly realise that while your body and mind are fit and healthy, you can’t say the same for your superannuation. You decide it’s now time to give your retirement savings a kick-start before it’s too late. But how? Set up a self managed super fund, borrow money and invest in […]
The range of granny flat scenarios in Australia is quite extraordinary – from the garden variety to homeowners building granny flats in their backyards and leasing them out, almost like a business. While it may not be possible to deal with all possible scenarios, let’s look at the capital gains tax (CGT) consequences of some basic […]
