If your business is planning to invest in a company car, there are three main things to think about when you do your research – the price of the vehicle, the reliability of the vehicle and the amount of time you'll need to wait to...
Are you considering investing in property through your Self-Managed Super Fund (SMSF)? Here’s why it might be a great move: Tax Benefits: Enjoy potential tax efficiencies with concessional tax rates on both rental income and capital gains. Diversification: Expand your investment portfolio by adding property, which...
Reserve Bank of Australia (RBA) Governor Michele Bullock has said the RBA board was unlikely to reduce the cash rate for at least six months. Speaking at a press conference, Governor Bullock said the market appeared to think rates would start falling in 2024, but that...
One of the key steps in building a new home is securing approval – as thousands of Australians do each month. In June, a total of 13,237 homebuilding approvals were issued throughout the country. About 70% of these approvals were for houses; the rest were...
If the past is anything to go by, we're likely to experience an increase in both buying and selling activity during the final quarter of the year. Over the past decade, there have been 8.3% more sales in spring (compared to winter) and 18.2% more new...
The latest inflation data from the Australian Bureau of Statistics contained concerning news, with the consumer price index rising from an annualised rate of 3.6% in April to 4.0% in May, moving inflation further away from the Reserve Bank’s target range of 2-3%. The categories that...
To maximise your chances of qualifying for a business loan, and on the most favourable terms, you'll need to reassure lenders of your ability to remain profitable and repay the loan. That's why lenders will pay close attention to your current financial position and financial projections...
The Australian Taxation Office (ATO) has reminded businesses they can claim a tax deduction on their 2023-24 lodgement if they recorded capital losses in previous financial years. “A company can deduct previous net capital losses from capital gains in [2023-24] as long as it is either...
The size of the average home loan climbed to a record $626,055 at the end of May, according to the Australian Bureau of Statistics. That was 7.1% higher than the year before. Why have loan sizes become so large? Because home values have also been increasing....
Buying a property is challenging for first home buyers who are single – but it's certainly not impossible. One option would be to use the Home Guarantee Scheme, assuming your annual income was less than $125,000 and you met the other criteria. That way, you could...