Adam in HK and Singapore, CoreLogic HVI, SB Meet the Investor, and SJP Unpacks the UK Budget.
It’s time to organise your debt and utilise this opportunity to connect face-to-face with Adam Kingston, Director of Australian Expatriate Finance. Adam is meeting his clients in Hong Kong and Singapore to discuss current and future mortgage options. Adam helps his clients in the following ways;
Refinancing,
Pre-approvals,
Bridging Finance
Mortgage Restructuring
If you’d like to connect with Adam, please email him directly.
CoreLogic HVI November 2024.
CoreLogic's Home Value Index (HVI) rose by 0.3% in October, marking the 21st month of growth since February last year. This increase was mainly driven by mid-sized capitals, especially Perth, which saw a 1.4% rise. This growth offset decreases in other areas like Darwin (-1.0%), Canberra (-0.3%), Melbourne (-0.2%), and Sydney (-0.1%), as well as regional Victoria (-0.2%). As the housing market cools, the annual growth in national home values has slowed to 6.0% for the year ending in October, down from a peak of 9.7% in February.
So, what does the Executive Research Director of Asia Pacific think has most impacted the Australian housing market?
“A combination of less borrowing capacity and broader affordability challenges, as well as a higher-than-average share of investors and first home buyers in the market is the most likely explanation for stronger conditions across the lower value cohorts of the market.
The past three months has seen the lowest quartile either record a higher growth rate or smaller decline relative to the upper quartile or broad middle of the market across every capital city except Canberra.”
Tim Lawless Executive Research Director Asia Pacific.
To download the full HVI click on the button below.
SB Talks - Meet the Investor Series: Scott Radke, New Holland Capital.
In this episode of Meet the Investor, Joey Mouracadeh, Senior Investment Director from Stanford Brown, is joined by Scott Radke, Chief Executive Officer and Co-Chief Investment Officer at New Holland Capital. This multi-billion dollar hedge fund manager has serviced a global client base of institutions and wealthy clients for nearly 20 years. Scott takes us through his career, sharing the origins and evolution of New Holland Capital, how they find, hire and retain star hedge fund managers and the outlook for the sector as we head into more uncertain times.
Click on the link below to watch the interview on YouTube.
Thank You, David Gardner and the SJP Team, for sharing their insights from the recent budget with TE Community. The SJP Team put together the following points in the newsletter:
Understanding what the Autumn Budget means for you.
Rachel Reeves delivered her first budget as Chancellor and the first Labour Budget in 14 years. It brings some clarity and certainty following many weeks of speculation. The government has had to balance a challenging fiscal situation with a plan to invest in the future and for growth.
The Chancellor has increased taxes by a record £40bn and increased borrowing to £127bn for this tax year. Alongside the headline changes to minimum wage, fuel duty and increased spending for public services, several changes may affect you.
Capital Gains Tax
Amid much speculation, Capital Gains Tax (CGT) has been increased immediately to 18% for primary rate taxpayers and 24% for higher and additional rate taxpayers. CGT on residential property remains unchanged. This means that the power and value of tax-incentivised pensions and ISAs are even more significant, especially with the already reduced annual exemption and dividend allowance.
Inheritance Tax
The Inheritance Tax (IHT) threshold freeze of £325k (or £500k if it includes a residence left to a direct descendant) has been extended to 2030, meaning that more estates will be drawn into the IHT regime.
The first £1m of combined Business and Agricultural assets will be IHT free with values over this only benefitting from 50% relief. Alongside increases to the Business Asset Disposal Relief on disposals to 14% in April 2025 and again to 18% the following year, many business, farmers and landowners may find themselves subject to IHT. As was always the case, these assets should be considered together with other ways to plan for tax-effective intergenerational wealth transfer where the investor wishes to retain control over and access the planned assets.
The value of an investment with St. James's Place will be directly linked to the performance of the funds selected. It may fall or rise, and you may get back less than the amount invested.
The levels and bases of taxation and reliefs from taxation can change at any time and depend on individual circumstances.
To read the full update, click on the button below.
We hope you have a fantastic weekend.
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