QUESTION 3 - This question has THREE parts (a), (b), and (c)

William and Kate, both in their late 30s, jointly own their home worth $1,500,000 and have two cars worth $40,000 each. They also have the following investment assets:

• A jointly owned rental property worth $950,000 with a mortgage of $350,000,
• Jointly owned savings account with a balance of $150,000,
• William owns a term deposit - 24 months fixed with an interest of 3.5% and a deposit amount of $100,000,
• Kate owns Australian shares primarily in blue-chip companies acquired in 2017 for $150,000, now worth $300,000,
• Superannuation for Kate and William is worth $270,000 and $230,000 respectively. Neither has a binding death nomination.
• The couple's superannuation accounts are invested in a fund with the following allocations: Cash 10%; Fixed interest 20%; Australian shares 30%; Property 20%; International shares 20%.
• William earns $180,000 p.a., and Kate earns $80,000 p.a. working part-time. The couple has two children aged 8 and 12 years old.

Q3 Part (a)Determine the couple's overall investment asset allocation mix using the following table.

Name of investment	Cash	Fixed interest	Property	Australian shares	International shares	Total