Show Notes
Welcome back to The Account Rant.
In this episode, John Saade sits down with Leigh Morris from SFP Financial to talk about rentvesting, property investing and what has changed for Australian investors. Leigh has rentvested for years.
He rents where he wants to live while owning investment properties elsewhere, giving his family flexibility while allowing him to invest, develop property and build equity. But after recent changes to the investment landscape, Leigh says he is now sitting on his hands and reconsidering what comes next.
John and Leigh discuss whether rentvesting still makes sense, whether buying your own home is now the better option, and why many property investors are questioning the traditional Australian property strategy.
They also get into property sentiment, falling prices, first home buyers, superannuation, overseas property, negative gearing, capital gains tax, and the controversial 18.6 year property cycle.
This episode covers: Rentvesting vs buying your own home Why Leigh rentvests Lifestyle flexibility Investment property cashflow Capital growth Negative gearing Capital gains tax The main residence exemption The six year CGT rule Land tax Why Leigh is reconsidering his strategy Property growth expectations First home buyers sitting on the sidelines Whether property still stacks up as an investment Investing in overseas property Using super to buy a home Why John keeps his super invested in shares Financial literacy and retirement Property market sentiment Falling Australian property prices The risk facing highly leveraged buyers Buying off the plan in a falling market The 18.6 year property cycle Whether a bigger property correction could still be coming
John and Leigh also discuss why falling prices do not automatically mean first home buyers will rush into the market.
For many buyers, falling prices can actually create more fear, particularly when they are highly leveraged and worried about buying before the market bottoms.
And finally, they put the tinfoil hats on and debate the infamous 18.6 year property cycle and whether 2027 or 2028 could bring another major turning point.
Connect with Leigh Morris and SFP Financial SFP Financial Website https://www.sfpfinancial.com.au/ Leigh Morris LinkedIn https://au.linkedin.com/in/leighjmorris Leigh Morris Instagram https://www.instagram.com/leighmorris.mortgagebroker/ Leigh is currently listed as Senior Mortgage Broker and Director at SFP Financial. LinkedIn
Need an accountant? GET A FREE CONSULTATION FOR ALL ABN HOLDERS https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw
OUR SERVICES https://latitudeaccountants.com.au/accounting-services/ [email protected] TikTok https://www.tiktok.com/@latitudeaccountants Instagram https://www.instagram.com/latitudeaccountants/ YouTube https://www.youtube.com/@LatitudeAccountants LinkedIn https://www.linkedin.com/company/latitude-accountants/ Facebook https://www.facebook.com/latitudeaccountants/ Website https://latitudeaccountants.com.au/
This content is general information only and does not constitute financial, tax, property, investment or business advice. Speak with a qualified adviser about your own circumstances.
More from The Lat Chat
Every Australian capital city has just fallen at the same time for the first time in 15 years, and some of the latest housing data is getting ugly.
ASIC MoneySmart has plenty of advice on how Australians should budget, save and manage their money. But how realistic is it when you actually try to follow it?
In this episode of The Account Rant, John Saade sits down with Bethany Parker, a national bench press champion, two time world powerlifting champion and John’s own powerlifting coach, to break down some of the most controversial techniques and rules in the sport.
Running your business through a company can be a great structure, but using that company incorrectly can create tax problems you never expected.In this video, Jacob Fahmy breaks down five of the biggest tax mistakes he sees company owners make, including treating company money like personal money, paying super late, buying vehicles through the company without considering FBT, ignoring ATO lodgements and leaving tax planning until after the financial year has ended.Jacob explains how Division 7A can apply when company money is taken personally, why unpaid super can create additional costs and director consequences, and why putting a car through the company does not automatically make it a good tax strategy.He also explains why lodging your BAS on time matters even when the company cannot immediately pay the debt, and why proper tax planning needs to happen before 30 June while there are still decisions available to you.The key takeaway is simple: having a company does not automatically mean you have a good tax structure. You still need to understand how money comes out of the company, when your obligations are due and the tax consequences of the decisions you make.Need an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/[email protected]://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, tax, accounting, legal, property or business advice. Speak with a qualified adviser about your own circumstances.#CompanyTax #Division7A #FBT #ATO #BusinessTax #TaxTips #Accountant #LatitudeAccountantsChapters00:00 5 Company Tax Mistakes00:42 Mistake 1: Treating Company Money as Your Own03:02 Mistake 2: Paying Super Late04:52 Mistake 3: Putting Your Car in the Company07:12 Mistake 4: Ignoring ATO Lodgements09:00 Mistake 5: Not Tax Planning10:49 How to Avoid These Tax Problems11:38 What’s Coming Next
Sydney’s property downturn is showing more signs of stress, with auction clearance rates falling sharply, sellers discounting, borrowing capacity tightening and unemployment moving higher.