Homeloans is doing some research on Christmas spending habits. To help
us do this, we have constructed a brief survey that will help us gain an
insight into whether people will be changing their Christmas present
spending habits this year - and if so, why. By completing the short,
seven-question survey, you could be in the running for a $100 Christmas Wish gift card.
Answering the following questions should only take a few minutes of your
time. To begin the survey, please click on the link below.
And don’t forget you’ll be in the running for a $100 Christmas Wish gift
card! If you’re the winner, with one simple swipe you could buy
electronics, appliances, homewares, stationery, toys, groceries, petrol,
liquor or cosmetics – to name but a few.
Please be assured that all the information you provide is confidential,
results will be aggregated and no individual will be identified in any
way.
*Conditions Apply
Thursday, November 10, 2011
Win a $3000 travel voucher!*
Member Advantage is offering you the chance to win two prizes of Intrepid Travel Vouchers for a destination of your choice. There will be two separate draws, each valued at $3,000 (AUD). Vouchers are to be used towards an Intrepid Travel land based trip - just add the airfares and you're set!
How do I enter?
Homeloans customers will just need to use any of the services under their Member Advantage benefits program from 1 October 2011 until 1 December 2011 then simply send Member Advantage a receipt or proof of purchase, together with a fully completed entry form and you’ll be in the draw to win.
Whether you want to explore the ancient wonders, trek through breathtaking landscapes, sample local delicacies or just take a short break to unwind. You’ve got to be in it to win it!
There are so many benefits through your Member Advantage program to choose from for you to be eligible for the draw.
Visit Member Advantage to enter!
*Conditions Apply. Click here for terms and conditions.
The latest trends in outdoor furniture
It
doesn’t seem that long ago when a typical backyard consisted of a grass
patch, a clothesline and a barbeque with simple table and chairs.
Today, with the boundaries between indoors and out blurring, Australians
expect the same style, quality and comfort from outdoor entertaining as
we do from our indoor living areas.
So how do we bring the inside out?
Opening homes to nature’s elements with indoor areas flowing effortlessly to outdoor entertaining spaces combining harmoniously with landscaping creates the all important Australian alfresco lifestyle. As the concept of the outdoor room has grown in popularity, so too has the range of designer outdoor furniture.
It’s now possible to create an idyllic entertaining area, regardless of the size and orientation of your outdoor space, and then decorate it with virtually any style of furniture imaginable – from classic and whimsical to ultra-contemporary, all in weatherproof materials that are appealing enough to move inside and out.
Dylan Nye from Impressions Outdoor Furniture in Castle Hill, Sydney says just like the kitchen, the alfresco area is now the hub of the home, where more and more we escape to and relax.
“When it comes to the outdoor furniture scene a key trend that has emerged is woven synthetic wicker furniture,” Dylan says. “Synthetic wicker has all the beauty of natural wicker, plus a host of other benefits too. It is proving to be one of the most popular choices – and for good reason; it is sophisticated yet natural, sturdy, stylish, rust proof, easy to care for and brings a resort-style ambience to any backyard, providing a strong link between inside and out. Plus it’s UV, fade and water resistant.
“Dark mahogany and black wicker still dominate, while the ever popular natural stone tables continue to service our French provincial customers. Colours are moody and sophisticated; black, brown and charcoal grey are key tones.”
Gone is the bulky outdoor furniture that dominated a few years ago; today the look is lightweight, finely woven and laser-cut so that the sunlight can flow through the nooks and crannies of your outdoor furniture. Low-key powder-coated aluminum furniture is taking over where high-shine aluminum left off.
“We are seeing a strong trend in outdoor fireplaces adorned with beautiful deep seat modular settings. It is hard to differentiate these days between indoor and outdoor furniture with the use of sleek stainless steel and glass,” Dylan says.
“It is very important when looking at outdoor furniture to consider the warranty that comes with it, particularly when associated with outdoor wicker and UV ratings. At Impressions, we specialise in getting our customers into the right furniture for their home, taking into consideration design and location.
“Continuity of style is the key to an elegant home; from the front of the house where a first impression is made, right through to the back of home for a lasting impression.”
Take a seat (comfortably!)
Not long ago, plastic chairs were about all that was available to
furnish your alfresco area – but luckily times have changed, and the
fabric industry has helped drive the changes. These days your outdoor
chairs or sofa can be covered in a material that’s just as soft and
stunning as the fabric on your living room furniture. The choice of
colours, patterns and textures has never been better!
Vibrant colours, bold patterns and stripes are big hits this summer, says Anna Day from Elements Weatherproof Soft Furnishings. If bold and bright is not your style, try the various hues of blue.
“Look to your outdoor furniture for inspiration,” says Anna. “Formal furniture calls for classic mixes of charcoal with striped grey and white scatters. Contemporary furniture lines come to life with bright stripes of red, blues and oranges.
“Also look to your planting schemes for inspiration or tones used poolside. Even exterior feature walls can be highlighted with the correct colour choice in your soft furnishings.
“The transformation of adding colour and texture to the furniture and your outdoor area is simple, fun and easy to do, and achieves fabulous results. People are increasingly wanting the same sense of style for outside as well as inside.”
Using the correct materials for outdoor use is imperative to sustain the elements of the Australian climate. Whether poolside or for use in entertaining or dining areas, choosing a superior fabric provides a low maintenance product with an extended lifespan.
“In recent times, even polyesters have been passed off as outdoor fabrics,” explains Anna. “Today olefin and polyolefin mixes are being marketed for outdoor use. The 100% solution dyed acrylics remain the leaders in true outdoor fabrics because they provide water, UV, chlorine, salt and mould/mildew resistance.
“Each year we see the range increasing to more textured and patterned fabrics which are soft enough to be used indoors as well as out yet provide maximum durability and longevity.”
The Elements range of cushions includes bench seat cushions, day bed cushions, seat pads and throw cushions. “A major goal of ours is to help people glam up their gardens,” adds Anna.
So how do we bring the inside out?
Opening homes to nature’s elements with indoor areas flowing effortlessly to outdoor entertaining spaces combining harmoniously with landscaping creates the all important Australian alfresco lifestyle. As the concept of the outdoor room has grown in popularity, so too has the range of designer outdoor furniture.
It’s now possible to create an idyllic entertaining area, regardless of the size and orientation of your outdoor space, and then decorate it with virtually any style of furniture imaginable – from classic and whimsical to ultra-contemporary, all in weatherproof materials that are appealing enough to move inside and out.
Dylan Nye from Impressions Outdoor Furniture in Castle Hill, Sydney says just like the kitchen, the alfresco area is now the hub of the home, where more and more we escape to and relax.
“When it comes to the outdoor furniture scene a key trend that has emerged is woven synthetic wicker furniture,” Dylan says. “Synthetic wicker has all the beauty of natural wicker, plus a host of other benefits too. It is proving to be one of the most popular choices – and for good reason; it is sophisticated yet natural, sturdy, stylish, rust proof, easy to care for and brings a resort-style ambience to any backyard, providing a strong link between inside and out. Plus it’s UV, fade and water resistant.
“Dark mahogany and black wicker still dominate, while the ever popular natural stone tables continue to service our French provincial customers. Colours are moody and sophisticated; black, brown and charcoal grey are key tones.”
Gone is the bulky outdoor furniture that dominated a few years ago; today the look is lightweight, finely woven and laser-cut so that the sunlight can flow through the nooks and crannies of your outdoor furniture. Low-key powder-coated aluminum furniture is taking over where high-shine aluminum left off.
“We are seeing a strong trend in outdoor fireplaces adorned with beautiful deep seat modular settings. It is hard to differentiate these days between indoor and outdoor furniture with the use of sleek stainless steel and glass,” Dylan says.
“It is very important when looking at outdoor furniture to consider the warranty that comes with it, particularly when associated with outdoor wicker and UV ratings. At Impressions, we specialise in getting our customers into the right furniture for their home, taking into consideration design and location.
“Continuity of style is the key to an elegant home; from the front of the house where a first impression is made, right through to the back of home for a lasting impression.”
Take a seat (comfortably!)
Outdoor cushion trends
Not long ago, plastic chairs were about all that was available to
furnish your alfresco area – but luckily times have changed, and the
fabric industry has helped drive the changes. These days your outdoor
chairs or sofa can be covered in a material that’s just as soft and
stunning as the fabric on your living room furniture. The choice of
colours, patterns and textures has never been better!Vibrant colours, bold patterns and stripes are big hits this summer, says Anna Day from Elements Weatherproof Soft Furnishings. If bold and bright is not your style, try the various hues of blue.
“Look to your outdoor furniture for inspiration,” says Anna. “Formal furniture calls for classic mixes of charcoal with striped grey and white scatters. Contemporary furniture lines come to life with bright stripes of red, blues and oranges.
“Also look to your planting schemes for inspiration or tones used poolside. Even exterior feature walls can be highlighted with the correct colour choice in your soft furnishings.
“The transformation of adding colour and texture to the furniture and your outdoor area is simple, fun and easy to do, and achieves fabulous results. People are increasingly wanting the same sense of style for outside as well as inside.”
Easy upkeep
Using the correct materials for outdoor use is imperative to sustain the elements of the Australian climate. Whether poolside or for use in entertaining or dining areas, choosing a superior fabric provides a low maintenance product with an extended lifespan.
“In recent times, even polyesters have been passed off as outdoor fabrics,” explains Anna. “Today olefin and polyolefin mixes are being marketed for outdoor use. The 100% solution dyed acrylics remain the leaders in true outdoor fabrics because they provide water, UV, chlorine, salt and mould/mildew resistance.
“Each year we see the range increasing to more textured and patterned fabrics which are soft enough to be used indoors as well as out yet provide maximum durability and longevity.”
The Elements range of cushions includes bench seat cushions, day bed cushions, seat pads and throw cushions. “A major goal of ours is to help people glam up their gardens,” adds Anna.
Light my fire
Traditionally the domain of indoor spaces, the open
fireplace is ‘on the move’ – and it’s increasingly being integrated into
outdoor rooms for year-round ambience, warmth, as a lighting element,
or to make a clear design statement. |
Self managed super funds rush for property
For
many years, property investment has been one of the mainstays of the
Australian investment environment. Many people like a tangible
investment, and bricks and mortar has always been popular. And over the
past 16 months, the growing appeal of property has become even more
evident following the introduction of new rules, whereby it became
easier for self managed super funds (SMSFs) to borrow to invest in
property. Added to that softening house prices, record low vacancy rates
and strong rental income, and you can understand why more people with
SMSFs, or DIY super funds, have been enticed to take that step.
According to recent Australian Taxation Office figures, investment in direct property represented 15.4% of total assets managed by DIY funds, up from 13% three years ago. The ATO also found that SMSFs invested an additional $500 million in direct real estate over the March 2011 quarter.
This increase coincides with the appeal of DIY super funds continuing to grow, with $3 billion added to SMSFs over this period, taking the total invested to $418 billion held by 7,500 funds.
There are certainly significant benefits in direct investment in property. For example, one of the main benefits of buying property in a SMSF is that capital gains tax is much lower – i.e. 15% if the property is held for less than one year, 10% if held for longer, and potentially nil if the property is sold when you are in retirement and your superannuation is paying a pension. In addition, net rental income is taxed at a maximum rate of 15% in an accumulating super fund, and nil tax in a super pension fund (compared with up to 46.5% in your personal name).
Rental income received by the SMSF is also non-taxable and can go straight off the loan and will not count as a trustee contribution.
Older properties take on new sheen
With the recent news that the ATO has released draft rules allowing SMSFs to renovate properties they hold – provided they don’t borrow the money to make the improvements – property is likely to become an even more attractive asset for DIY funds to hold.
The ruling, released in September 2011, allows renovations to properties held in SMSFs as long as the money comes from within the fund (it cannot be borrowed) and the renovation does not fundamentally alter the nature of the property. Previously the ATO has ruled that SMSFs could not borrow money from any sources to improve their properties.
Many in the industry have called the ruling on improvements a welcome relief, given that real estate assets are usually held for a long time and obviously need some revamping in that time.
Peter Burgess, the national technical manager of the SMSF Professionals Association of Australia (SPAA), told the Australian Financial Review: “This change will mean that property is now a more attractive option than it was previously.”
The ATO has also clarified rules around borrowing to repair property. SMSFs will be able to borrow to undertake repairs as long as it does not change the character of the dwelling.
So what’s covered under self managed super funds’ property improvements? It’s best to check with the ATO, but it can include:
It’s vital that property investors who use their self-managed super funds to borrow and acquire real estate fully understand their obligations and comply with the law, the ATO has warned.
ATO superannuation assistant commissioner Stuart Forsyth has said that the coming year will be a “big year” for regulation and compliance. Mr Forsyth told the audience at the recent Institute of Chartered Accountants’ National SMSF Conference in Melbourne that the ATO is acquiring new powers to prevent breaches of legislation.
There are many complex laws restricting the use of SMSF’s to borrow money which you need to understand. You really do need to get some good advice from a qualified financial consultant first before implementing any strategy, as they will be able to help you better understand and abide by these laws and also to advise you whether this is an appropriate solution based on your needs and circumstances.
According to recent Australian Taxation Office figures, investment in direct property represented 15.4% of total assets managed by DIY funds, up from 13% three years ago. The ATO also found that SMSFs invested an additional $500 million in direct real estate over the March 2011 quarter.
This increase coincides with the appeal of DIY super funds continuing to grow, with $3 billion added to SMSFs over this period, taking the total invested to $418 billion held by 7,500 funds.
There are certainly significant benefits in direct investment in property. For example, one of the main benefits of buying property in a SMSF is that capital gains tax is much lower – i.e. 15% if the property is held for less than one year, 10% if held for longer, and potentially nil if the property is sold when you are in retirement and your superannuation is paying a pension. In addition, net rental income is taxed at a maximum rate of 15% in an accumulating super fund, and nil tax in a super pension fund (compared with up to 46.5% in your personal name).
Rental income received by the SMSF is also non-taxable and can go straight off the loan and will not count as a trustee contribution.
Older properties take on new sheen
With the recent news that the ATO has released draft rules allowing SMSFs to renovate properties they hold – provided they don’t borrow the money to make the improvements – property is likely to become an even more attractive asset for DIY funds to hold.
The ruling, released in September 2011, allows renovations to properties held in SMSFs as long as the money comes from within the fund (it cannot be borrowed) and the renovation does not fundamentally alter the nature of the property. Previously the ATO has ruled that SMSFs could not borrow money from any sources to improve their properties.
Many in the industry have called the ruling on improvements a welcome relief, given that real estate assets are usually held for a long time and obviously need some revamping in that time.
Peter Burgess, the national technical manager of the SMSF Professionals Association of Australia (SPAA), told the Australian Financial Review: “This change will mean that property is now a more attractive option than it was previously.”
The ATO has also clarified rules around borrowing to repair property. SMSFs will be able to borrow to undertake repairs as long as it does not change the character of the dwelling.
So what’s covered under self managed super funds’ property improvements? It’s best to check with the ATO, but it can include:
- Installing a new pool
- Building a new garage
- Extending/renovating a kitchen or bathroom
- Adding a second storey to a house
- And for farms, adding a new set of cattle yards, a new windmill, a dam
It’s vital that property investors who use their self-managed super funds to borrow and acquire real estate fully understand their obligations and comply with the law, the ATO has warned.
ATO superannuation assistant commissioner Stuart Forsyth has said that the coming year will be a “big year” for regulation and compliance. Mr Forsyth told the audience at the recent Institute of Chartered Accountants’ National SMSF Conference in Melbourne that the ATO is acquiring new powers to prevent breaches of legislation.
There are many complex laws restricting the use of SMSF’s to borrow money which you need to understand. You really do need to get some good advice from a qualified financial consultant first before implementing any strategy, as they will be able to help you better understand and abide by these laws and also to advise you whether this is an appropriate solution based on your needs and circumstances.
Homeloans offers a home loan which allows established SMSFs to borrow funds for the purchase or refinance of residential investment properties. Click here for more information. |
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