The federal government has extended the small business responsible lending obligations exemption. Currently, an exemption allows businesses with fewer than 100 staff and less than $5 million turnover to access credit without being assessed against the responsible lending obligations, so long as there is a genuine...
The Reserve Bank of Australia (RBA) has raised the cash rate over the past couple of years to combat inflation and, now that inflation has been falling to more reasonable levels, may reduce the cash rate in the near future. So there was much interest...
Did you know that investment scams lead to the highest financial losses in Australia? In fact, Australians lost $1.3 billion to investment scams last year. While investment scams may occur less frequently than other types of scams, they can leave a devastating impact. There are many...
Australian property achieved a record median gain of $285,000 from resales in the June quarter, the highest since the early 1990s. CoreLogic’s Q2 2024 Pain & Gain report analysed around 91,000 resales, showing that 94.5% of transactions resulted in a profit. Overall, $31.8 billion in...
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...