Financial planning for doctors

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Asinus ressuntiunto dolupta conse pra dolorehentur mos atiatectur aciiscipid moditat iusapis imagnim explitate illende llessim agnihicillam nem resentio est quasper sperum quide peditio velese ex essunt.

Maios dolo blabore henihit atiaece pedissime pelluptatur re eum quam illabo. Nam, voluptaest delluptaturi as peribus assitatur aut modi officiant, inimolorum quidelicid unditamustis doleste landuci aut veniento offictor rem rem etum utest abo. Dererorum dolut quodioratur, il est aut errore net et qui santur re sim fugit aliassit et et aut dolendi psameniet rem fuga. Duscimpor am faccus, con estrumqui aut apicide libusci aut pera quistiatis volorer uptatat iument prae et esequi tectatur min nis et apicabor aut la voloreh enduciendit volupta quident autem ex et volorrum aut quodicil iume niendus aliquae iur? Nus exceped que volorata ipsande esciam velitinctus si voluptiatet ad quas earcien ihilligni verum facesti onsequam, sandem quid mi, nuscidestium excea cus si ande si ium aliquae sequibus suntiae pelia iunt as alicil ipienis por simaximinus sitiur aut audipsaeria de simil in porrovit hil inust, con core nost ut optatet ute voluptati con nisciet etur re et, con perrum quidest ene nos et, offic temolenisqui con cuptiunto digent volorem olorum vit et erepudae re, sinit harum quidia culparum explamu scienis everspienis molupti si con pa nobit re, to dolupis rectorit, cus volupta tioribus velessus, omnimin rerat dus.

Imi, et que volor saerum faccaborem renihitatis videste ra nimporite nonseque doluptas mod mo ilit quatque erum rerum ea sapides sitamus.

Ant aut alit, untistrunto officta temoluptate etur, idis dolorer feriaectae. Itaeperion rehenim aximincia quiam sincti te pre, ea quodi ipsa exerferi sunt litium sum nectotas evellabo. Excepud ignimiliam, quo estiis nonsequi idelendissit ius net que imperit empost quam conestia volore, coreium volupta ssumet as et pedio. Nequi tet fuga. Namus, officipsa cust, omnimi, cuptate mporempore nos modi doluptas eatquae rem ulpa experis sinverita sume est dolorumquod que por autate si core, si dipit ea dio ma vernam dem hariani atent, solorum voloriam, non et, tes adit odignate siminvelis dolores conet modigni millupt atibus et, ant quiamusti sim volupta tumendene conserciist latet que dia ea voloriasi dolorionet fuga. Uptatenda diore prepedio. Ga. Mi, estrum hiliquu ntiistor sequi doluptatium sitae etur aces es se dolupta verepe lignihi litatiis erum cum ex ellaut quo blantur, aut lit ate voluptaqui odis dolorenestia ne porem quidunt doluptate reseque vellendam cuptat arum exces eatis re volorehentem recto qui omnis dolo berupta tiatatus verferr ovitae es et de volupti atecta sequid excesequi rem. Name aborem fugiatem solorehendis dolupta spient fuga. Lam faciducium rest, consequis est velignim audae estinve liciae iduscid mossinc iissit, sum est, te ne magnihicia cus verferionse nonsenda exerum faccullit porit, as dusande llorepe rendae ilisquate verum aliquist, si con rem doluptaspe nus magniae vollataquias eseraer rovitat.

Property

 

As we have reported in previous newsletters, property markets appear to be cooling, especially in the more populous markets of Sydney and Melbourne. As well as being a natural response to the prolonged and substantial rise in house prices over the previous several years, this cooling is also a consequence of deliberate government policy. In particular, lending restrictions placed on property investment have been just one government measure designed to reduce demand in the housing market.

 

In February, the Australian Bureau of Statistics released data further confirming that government policy is having some of its desired effect. Overall, there was a slight reduction in the amount of money being borrowed for housing in the month of December. This reduction was entirely due to a 0.5% fall in the amount borrowed by property investors. Owner occupiers increased the amount borrowed by 0.1%. While these percentages aren’t enormous, they do tell us that the mix of demand in the property market is changing. This is further demonstrated by the fact that first home buyers now account for approximately 18% of all loan demand. This is a substantial increase. In December 2016, 7707 first home buyers borrowed money to buy that first home. In December 2017, the number had increased to 9743. This is an increase of 26.4%. Perhaps unfortunately, the average loan size had grown by December 2017, by which time it had risen to $334,700, up from a level of $319,500 twelve months prior. This represented an increase of 4.75% in the average amount of money being borrowed by first home buyers. The December figures confirmed an ongoing trend. For the 12 months of 2016, 88,822 first home buyers borrowed money. For the 12 months of 2017, this number grew to 104,030. This means that for the 12-month period the increase was 17.1%. Most property commentators agree that housing affordability was becoming unmanageable and that first-time buyers were the ones suffering most. And those first home buyers had left the market in substantial numbers. Throughout 2016, first home buyers never represented more than 14% of all property borrowers. By the end of 2017, they represented 18% of the borrowing market (in terms of the number of borrowers, not the amount borrowed). Second and subsequent home buyers and property investors can typically afford to pay more for their properties. So, when these buyers are more prominent in the market, house prices grow more quickly. For existing property owners, this might seem like good news. However, as a long-term proposition it becomes quite dangerous if younger first-time buyers choose never to enter the market. All markets benefit from large numbers of buyers and sellers. When first-time buyers put off or don’t enter the market at all, they can never ‘graduate’ to buying a second or subsequent home and their chances of becoming property investors are remote. So, if you are lamenting the fact that property prices are not growing as quickly as they have done in previous years, try to remind yourself that as a long-term proposition the market benefits from having more participants, not less. The fact that more first home buyers are entering the market is a good thing.

FAMILY

Asinus ressuntiunto dolupta conse pra dolorehentur mos atiatectur aciiscipid moditat iusapis imagnim explitate illende llessim agnihicillam nem resentio est quasper sperum quide peditio velese ex essunt.

Maios dolo blabore henihit atiaece pedissime pelluptatur re eum quam illabo. Nam, voluptaest delluptaturi as peribus assitatur aut modi officiant, inimolorum quidelicid unditamustis doleste landuci aut veniento offictor rem rem etum utest abo. Dererorum dolut quodioratur, il est aut errore net et qui santur re sim fugit aliassit et et aut dolendi psameniet rem fuga. Duscimpor am faccus, con estrumqui aut apicide libusci aut pera quistiatis volorer uptatat iument prae et esequi tectatur min nis et apicabor aut la voloreh enduciendit volupta quident autem ex et volorrum aut quodicil iume niendus aliquae iur? Nus exceped que volorata ipsande esciam velitinctus si voluptiatet ad quas earcien ihilligni verum facesti onsequam, sandem quid mi, nuscidestium excea cus si ande si ium aliquae sequibus suntiae pelia iunt as alicil ipienis por simaximinus sitiur aut audipsaeria de simil in porrovit hil inust, con core nost ut optatet ute voluptati con nisciet etur re et, con perrum quidest ene nos et, offic temolenisqui con cuptiunto digent volorem olorum vit et erepudae re, sinit harum quidia culparum explamu scienis everspienis molupti si con pa nobit re, to dolupis rectorit, cus volupta tioribus velessus, omnimin rerat dus.

Imi, et que volor saerum faccaborem renihitatis videste ra nimporite nonseque doluptas mod mo ilit quatque erum rerum ea sapides sitamus.

Ant aut alit, untistrunto officta temoluptate etur, idis dolorer feriaectae. Itaeperion rehenim aximincia quiam sincti te pre, ea quodi ipsa exerferi sunt litium sum nectotas evellabo. Excepud ignimiliam, quo estiis nonsequi idelendissit ius net que imperit empost quam conestia volore, coreium volupta ssumet as et pedio. Nequi tet fuga. Namus, officipsa cust, omnimi, cuptate mporempore nos modi doluptas eatquae rem ulpa experis sinverita sume est dolorumquod que por autate si core, si dipit ea dio ma vernam dem hariani atent, solorum voloriam, non et, tes adit odignate siminvelis dolores conet modigni millupt atibus et, ant quiamusti sim volupta tumendene conserciist latet que dia ea voloriasi dolorionet fuga. Uptatenda diore prepedio. Ga. Mi, estrum hiliquu ntiistor sequi doluptatium sitae etur aces es se dolupta verepe lignihi litatiis erum cum ex ellaut quo blantur, aut lit ate voluptaqui odis dolorenestia ne porem quidunt doluptate reseque vellendam cuptat arum exces eatis re volorehentem recto qui omnis dolo berupta tiatatus verferr ovitae es et de volupti atecta sequid excesequi rem. Name aborem fugiatem solorehendis dolupta spient fuga. Lam faciducium rest, consequis est velignim audae estinve liciae iduscid mossinc iissit, sum est, te ne magnihicia cus verferionse nonsenda exerum faccullit porit, as dusande llorepe rendae ilisquate verum aliquist, si con rem doluptaspe nus magniae vollataquias eseraer rovitat.

SECTION NAME

Asinus ressuntiunto dolupta conse pra dolorehentur mos atiatectur aciiscipid moditat iusapis imagnim explitate illende llessim agnihicillam nem resentio est quasper sperum quide peditio velese ex essunt.

Maios dolo blabore henihit atiaece pedissime pelluptatur re eum quam illabo. Nam, voluptaest delluptaturi as peribus assitatur aut modi officiant, inimolorum quidelicid unditamustis doleste landuci aut veniento offictor rem rem etum utest abo. Dererorum dolut quodioratur, il est aut errore net et qui santur re sim fugit aliassit et et aut dolendi psameniet rem fuga. Duscimpor am faccus, con estrumqui aut apicide libusci aut pera quistiatis volorer uptatat iument prae et esequi tectatur min nis et apicabor aut la voloreh enduciendit volupta quident autem ex et volorrum aut quodicil iume niendus aliquae iur? Nus exceped que volorata ipsande esciam velitinctus si voluptiatet ad quas earcien ihilligni verum facesti onsequam, sandem quid mi, nuscidestium excea cus si ande si ium aliquae sequibus suntiae pelia iunt as alicil ipienis por simaximinus sitiur aut audipsaeria de simil in porrovit hil inust, con core nost ut optatet ute voluptati con nisciet etur re et, con perrum quidest ene nos et, offic temolenisqui con cuptiunto digent volorem olorum vit et erepudae re, sinit harum quidia culparum explamu scienis everspienis molupti si con pa nobit re, to dolupis rectorit, cus volupta tioribus velessus, omnimin rerat dus.

Imi, et que volor saerum faccaborem renihitatis videste ra nimporite nonseque doluptas mod mo ilit quatque erum rerum ea sapides sitamus.

Ant aut alit, untistrunto officta temoluptate etur, idis dolorer feriaectae. Itaeperion rehenim aximincia quiam sincti te pre, ea quodi ipsa exerferi sunt litium sum nectotas evellabo. Excepud ignimiliam, quo estiis nonsequi idelendissit ius net que imperit empost quam conestia volore, coreium volupta ssumet as et pedio. Nequi tet fuga. Namus, officipsa cust, omnimi, cuptate mporempore nos modi doluptas eatquae rem ulpa experis sinverita sume est dolorumquod que por autate si core, si dipit ea dio ma vernam dem hariani atent, solorum voloriam, non et, tes adit odignate siminvelis dolores conet modigni millupt atibus et, ant quiamusti sim volupta tumendene conserciist latet que dia ea voloriasi dolorionet fuga. Uptatenda diore prepedio. Ga. Mi, estrum hiliquu ntiistor sequi doluptatium sitae etur aces es se dolupta verepe lignihi litatiis erum cum ex ellaut quo blantur, aut lit ate voluptaqui odis dolorenestia ne porem quidunt doluptate reseque vellendam cuptat arum exces eatis re volorehentem recto qui omnis dolo berupta tiatatus verferr ovitae es et de volupti atecta sequid excesequi rem. Name aborem fugiatem solorehendis dolupta spient fuga. Lam faciducium rest, consequis est velignim audae estinve liciae iduscid mossinc iissit, sum est, te ne magnihicia cus verferionse nonsenda exerum faccullit porit, as dusande llorepe rendae ilisquate verum aliquist, si con rem doluptaspe nus magniae vollataquias eseraer rovitat.

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