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Whisky Cask Club, founded by Alexander Knight and his partners, offers clients the opportunity to invest in whisky casks from various Scottish distilleries. The casks are chosen based on the client's risk profile and are typically matured for five to ten years. The business operates in Singapore, Australia, and Hong Kong, strategically targeting the growing Asian market. Knight emphasizes the consistent growth and demand for whisky, making it an attractive investment option. However, he advises investors to work with reputable companies and seek professional advice to ensure their goals and diversification needs are met. [Extracted from the article]

This article provides tips for buyers participating in real estate auctions. It explains that auctions are more popular in certain parts of Australia, such as NSW and Victoria, and that roughly a third of homes are sold through auctions each year. The article highlights the differences between auctions and other methods of selling property, such as the lack of a cooling-off period and the in-person competition. It also offers advice on how buyers can prepare for an auction, including sorting out their finances, reviewing property documents, and attending other auctions to familiarize themselves with the process. The article concludes by discussing what buyers can expect on auction day and the potential outcomes of the auction. [Extracted from the article]

This article discusses the growing acceptance and interest in cryptocurrencies as both an investment and a form of payment. It highlights recent decisions from financial agencies and governments that have lent credibility to certain cryptocurrencies, such as the approval of crypto-backed exchange-traded funds by the US Securities and Exchange Commission. The article explains that while Bitcoin is the most well-known cryptocurrency, there are thousands of others, including altcoins, stablecoins, and meme coins. It also explores the potential of blockchain technology in various industries, emphasizing its role in ensuring data transparency and source verification. The article features the story of an Australian investor who had success in cryptocurrency trading and emphasizes the need for understanding the risks and volatility associated with investing in cryptocurrencies. It mentions the growing options for investing in cryptocurrencies, including through ETFs, but also warns about the prevalence of scams and fraud in the industry. The article concludes by mentioning ongoing efforts for government regulation of the cryptocurrency industry in Australia and speculates on the future of cryptocurrency, particularly in terms of payments and real-world asset tokenization. It provides tips for keeping cryptocurrency safe and avoiding scams. [Extracted from the article]

Matt Campbell, a 29-year-old Porsche factory racing driver, found a unique way to fund his career in motorsport. Despite not coming from a wealthy family, Campbell created his own company, Matt Campbell Racing, where initial supporters purchased a small stake to help fund his racing career in exchange for a return on his future earnings. This strategy has paid off, as Campbell has achieved success in the Carrera Cup in Australia and has become a works driver at Porsche, with victories in numerous races and class wins in the World Endurance Championship. Campbell's next challenge is competing in the 24 Hours of Le Mans, where he will have the support of his family in the crowd. [Extracted from the article]

The construction industry in Australia has seen a significant increase in company collapses, leaving landholders and homeowners facing financial losses and delays in their building projects. The rise in insolvencies can be attributed to supply chain issues and the increased cost of materials due to the pandemic. To avoid getting caught out by a builder going bust, homeowners are advised to thoroughly vet their builder, ensuring they have domestic building insurance and seeking legal advice before signing a contract. Insurance can provide some financial protection in the event of a builder's insolvency, but the process of obtaining compensation and completing the work can be complex and time-consuming. Despite the challenges, the industry is showing signs of improvement, with materials prices stabilizing and build times returning to pre-pandemic levels. However, there is still a loss of trust in the industry, and homeowners are encouraged to do their due diligence before proceeding with a build or renovation project. [Extracted from the article]

The article discusses different ways parents can help their children buy a home in an increasingly unaffordable property market. It explores options such as gifting money, providing loans, selling property at a discount, and co-ownership. The article also highlights the importance of considering legal and financial implications when choosing the best approach. It emphasizes the growing trend of parents providing financial support to their children and offers advice for parents considering early inheritances. [Extracted from the article]

The National Housing Accord in Australia aims to address the issue of housing affordability by increasing the supply of homes. Economists argue that increasing housing supply is the most effective long-term solution to make housing more affordable. The Accord sets a target of building 1.2 million new homes over five years, with incentives for states to exceed their quotas. State governments play a crucial role in land use planning and regulation, and they have already begun implementing policy changes to meet their housing targets. The focus is shifting towards infilling existing suburbs with medium-density homes, which is seen as more efficient, sustainable, and aligned with changing demographics. However, there are challenges to overcome, such as concerns about the character of neighborhoods, infrastructure and services, and the need for increased home approvals. The success of similar reforms in New Zealand provides hope that increasing the supply of homes in desirable areas can lead to lower rents and property prices. [Extracted from the article]

According to Knight Frank's 2024 Wealth Report, wealthy individuals with a net worth of over $US30 million typically allocate 20% of their portfolios to luxury collectibles such as art, watches, classic cars, wine, and jewelry. The joy of ownership is the primary motivation for investing in these goods, with profit being a secondary consideration. However, the performance of these assets as investments varies. In 2023, the value of rare whisky, classic cars, handbags, and furniture dropped, while art experienced an 11% growth rate. It is important to note that investing in luxury items requires expertise, as determining their value is not an exact science. It is recommended that individuals approach luxury investments with a passion rather than solely as an investment. Additionally, those investing in luxury items through self-managed super funds must adhere to strict rules set by the Australian Taxation Office. Finally, potential investors should be cautious of scams and should thoroughly research companies and authenticate items before making any purchases. [Extracted from the article]

Justin Gilmour, a partner and private wealth adviser at Integro Private Wealth, grew up on a wheat and sheep farm in Western Australia. Despite his upbringing, Gilmour pursued a career in financial advice after being introduced to the field during university. He established Integro Private Wealth in 2003 and works with a diverse range of clients, including high-net-worth individuals and family businesses in the agriculture and pharmacy sectors. Gilmour emphasizes the importance of addressing the emotional and relationship aspects of succession planning for clients transitioning out of agriculture. He also focuses on implementing financial literacy programs for younger family members who may inherit significant wealth. [Extracted from the article]

The article discusses the changes and challenges in the grocery shopping industry in Australia. It highlights the pressure on major supermarket chains, Coles and Woolworths, to lower prices and the rise of subscription-based home delivery services. The article also mentions the technological advances that are revolutionizing the shopping experience. It emphasizes the importance of shopping around and comparing prices to save money, and provides tips on how to navigate supermarket tricks. The future of grocery shopping is explored, including the growth of online shopping and the possibility of checkout-less stores. The article concludes with current market share data and information on online delivery fees. [Extracted from the article]

Then there's the Shared Equity Home Buyer Helper, which can be accessed by first homebuyers who are key workers (for example, nurses and teachers). Eligible first homebuyers will be able to avoid transfer duty altogether on new or existing homes below $800,001 (and get a reduced rate up to $1,000,000) under the First Home Buyers Assistance Scheme. PROPERTY Breaking has become into a the serious property financial market challenge for many first-time homebuyers. [Extracted from the article]