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Borrowers around the country have been delivered a sunnier financial outlook this month after the Reserve Bank of Australia (RBA) today trimmed the cash rate by another 25 basis points to 3.60%. How much could your monthly mortgage repayments decrease? After last month’s unexpected hold, the RBA this month went with market expectations and delivered...
Since February 2023, the Australian government has been planning to introduce a new tax of 15% on a portion of “earnings” relating to total superannuation balances over $3 million. The idea was to inject some equity in a system with generous tax concessions weighted in favour of the wealthy. The tax change was proposed to...
Each new financial year, many of us take a closer look at our super funds’ performance, and you’re more likely to be targeted by salespeople, cold callers or social media ads offering “free super health checks” or to “find your lost super”. These offers can be the start of a high-pressure campaign to get you...
Effective 1 July 2025, businesses can no longer claim income tax deductions for interest charges imposed by the ATO on unpaid or underpaid tax liabilities. This change applies to general interest charge (GIC) and shortfall interest charge (SIC) amounts incurred in income years starting on or after 1 July 2025. Previously, businesses could deduct ATO-imposed...
If you run a small or medium business, you know that financial accuracy’s important but sometimes mistakes can happen or information can change. Starting this year, though, you have more time to amend your return and get things right. Before this change, small and medium businesses generally had a two-year period from the date of...
On 23 July, the Labor government introduced legislation aimed at enacting its election promise to reduce student debt by 20%. The Bill proposes to: provide a one-off 20% reduction to Higher Education Loan Program (HELP) debts and certain other student loans that are incurred on or before 1 June 2025; increase the minimum repayment threshold from...
Your home can be much more than a roof over your head. It’s also an investment that may build personal wealth and serve as a form of disciplined saving. And a new analysis by Cotality (formerly CoreLogic) shows our homes can also play an unexpected role, such as helping our kids enjoy a decent education....
There’s a lot to love about buying a brand new home, and sales of recently constructed homes have increased 19% over the last quarter. We look at the pros and cons of buying a new home – and the financial incentives available to new home buyers. Fresh paint, spotless floor coverings and shiny new appliances....
Growing a 20% deposit isn’t just challenging. It can be a (very) long slog. Fortunately, 50,000 new places in the popular 5% deposit Home Guarantee Scheme just opened up on July 1. Here’s how to secure your spot. Struggling to reach that seemingly mythical 20% milestone? You’re not alone. Property exchange platform PEXA says it...
If you haven’t checked your borrowing power recently, it might be worth another look. A lot has happened in 2025, and your borrowing capacity could be higher than you realise. It’s been a busy year on the money front. Tax cuts, a couple of rate cuts, and reductions in HECS debts have all potentially been...
2023 Quantiphy – Eastern Suburbs, Sydney. All Right Reserved. Website By Omni Online
2023 Quantiphy – Eastern Suburbs, Sydney. All Right Reserved. Website By Omni Online