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Why Holiday Homes are a Bad Idea

Why Holiday Homes are a Bad Idea

There are a number of reasons why you shouldn’t look at purchasing a holiday home; inconsistent rental income and poor capital growth to name a few. But there are a number of lesser known issues with holiday homes which can put a serious halt on your financial growth!...
Property is Attainable, Just Be Smart!

Property is Attainable, Just Be Smart!

“Who the hell wants to hear actors talk?” Harry Warner (Warner Brothers), 1927. “I think there is a world market for about 5 computers.” Thomas Watson (IBM), 1943. Ridiculous right? The commonality between the two is the idea of a paradigm (an...
Making Mandurah, New Developments

Making Mandurah, New Developments

New Mandurah developments on the foreshore are embracing the water loving culture of the city. Drivable, floating BBQ’s have been commissioned and will be operated off jetty 1305, giving those at the foreshore another activity to enjoy over the weekend. If you haven’t...
Principles of Property Investing

Principles of Property Investing

Today’s property investor is spoilt for choice; some would say they are bombarded with possibilities. There are thousands of potential properties available, and with advertisements boasting capital growth and/or guaranteed rental returns, how does an investor...
Market Hysteria Harming Rash Investors

Market Hysteria Harming Rash Investors

A few weeks ago Stephen met up with a friend for a quick catch up. While they were chatting, Stephen’s friend brought up an investment he was looking to purchase in Cockle Bay. An off the plan apartment selling for $1.2 million. Sound like a good deal to you? It...
What Should I Pay Off First?

What Should I Pay Off First?

No matter who you are, you probably have debts. Sometimes they are just small debts which can be paid straight away, and other times they are massive, taking decades to shake off. But ask yourself the question, what should I pay off first? Let’s say you have 3 debts...
Dealing with Depreciation

Dealing with Depreciation

We all own stuff. Cars, motorbikes, sheds, tools, houses. Whatever it is, if we own it, it will depreciate in value over time. For businesses if you were to be making money from that item, then by showing the item has depreciated, you can reduce the tax you incur. But...
The Australian Spirit at Kokoda

The Australian Spirit at Kokoda

In 1942, Australian armed forces mounted a desperate last stand, blocking and eventually defeating, the much larger and better equipped advancing Japanese army in New Guinea. The heroic events that took place on the Kokoda Trail will resonate with us forever. Our...
Understanding Your Cost per Week

Understanding Your Cost per Week

A Cost per Week (CPW) summary is an incredibly important statement. Whether you have purchased a property through McCarthy Group, or just use us for tax, the CPW is an optional extra which gives you a clear picture as to how much your property is costing you. For...
Avoid the Pitfalls of Inheritance

Avoid the Pitfalls of Inheritance

At some point in your life you will probably give or receive inheritance. Both present unique opportunities & challenges for giving or making a significant amount of money. But what are the pitfalls of inheritance that you are likely to fall into? How can you...