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How renovating can impact wealth | Recent questions | Invest smart with BrickX

simplyaskit | October 31, 2018

7 ways in which renovations can impact your wealth and what you can do about it

Author: Andrew Jeffers from Shuriken Consulting


Thinking about giving your hub a facelift?

Renovations can be super fun to plan.

Then, as you go into the dough of things, sometimes the joy becomes pure and simple pain. PAIN. Dealing with asbestos and tonnes of dust, managing workers and sorting out problems that arise along the way.


But once those are done, you’re in heaven mode. Your dream home has finally come true!

Now, how much has this roller coaster journey cost you?

Read more….


Sam D from Glenorie NSW asks about a business’s tax losses being transferred

2 years ago we started a new business and spent about $300,000 so far. It’s not working out as well as we hoped and now thinking about closing it down and getting a job – the question we have is about the losses we have in business… can they be offset against the future income when we find employment?

Click to see what the experts have to say

Patrick M from Leonay asks about the best home loan rate

Home Loan $523,000

Rate – 4.17%

My income – 97k plus super

My wife’s income – 102k plus super

Credit card limit $3k

2 kids 9 and 7

No other loans or debts and we have been in the same job for over 3 years

What is the best rate we could get by refinancing?

Click to see what the experts have to say

Tony M from Gymea NSW asks about paying GST when renovating

Hi, we are about to engage a builder for renovations and the quote has come in at $600,000. The builder is buying the materials on our behalf and we assume paying GST on the costs so if we breakdown the quotes should we then be paying further GST based on the builders overall quote?

Click to see what the experts have to say

How to invest smart with BrickX

About Me


Business Advisor
North Sydney, New South Wales
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