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Drumroll … The RBA has hiked the official cash rate for the 12th time since April 2022, increasing it to 4.10%. How much will this increase your monthly repayments? And how long does Philip Lowe plan to keep marching to this beat? Another month, another 25 basis point cash rate rise. It’s now apparent the...
The government has announced that from 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages (ie payday super). The three-year lead time is to give businesses, super funds, payroll providers and other parts of the superannuation system sufficient time to prepare for the...
Single Touch Payroll (STP) was introduced as a way for employers to send super and tax information directly to the ATO through the use of STP-enabled software solutions. STP Phase 2 is now in full swing, having commenced on 1 January 2022. It requires more detail on the amounts reported through STP; for example, salary sacrificed...
Tax time 2023 is fast approaching and as with previous years, the ATO has provided some insights to the areas it will be focusing on consisting of rental property deductions, work-related expenses, and capital gains tax. Specifically, the ATO will be targeting loan interest expenses, working from home deductions, and possible capital gains tax where...
Who knew a jab about avocado toast back in 2017 would kick off one of the greatest generational feuds of all time? Boomers vs. Millennials is the default headline these days, but when it comes to Australia’s housing supply crisis, neither gen is throwing punches. Instead, they’re coming to find they’re facing a shared adversary—the...
Forget having to visit the doctor to test if your heart can endure high stress—just order a coffee and croissant in a Sydney café and take note of the total. With the cost-of-living skyrocketing, inflation at 7%, and rates rising 3.75% in a year, Australians are undergoing stress tests every day, with seemingly no relief...
If you’ve ever used Apple’s weather app, you know that forecasts can be wrong. Looking out the window at a hail storm while a radiant full sun emoji backed by a bright blue sky stares back at you on your screen, you realise that sometimes, even the experts get it wrong. Such is the case...
In Sydney, everyone knows someone who moved to the coast or country during the pandemic. The sea-change/tree-change phenomenon had an incredible impact on the housing market, causing prices to soar in regional areas. But it also caused a population reshuffle across Australia, as tens of thousands left capital cities in search of more space and...
Treasurer, Jim Chalmers’ second Federal Budget handed down last night in the context of an uncertain and volatile global economy, inflationary and cost of living pressures and forecasts of the weakest period of global growth since 2013. The key headlines, in a budget sense, are the expectations for a small surplus ($4.2bn) this financial year,...
The Reserve Bank of Australia (RBA) has increased the official cash rate for the 11th time in the past year, taking it to 3.85%. Have we finally reached the peak of this cycle? And how much will this latest rate hike increase your monthly repayments? In what will undoubtedly be tough news for many households...
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2026 Quantiphy – Eastern Suburbs, Sydney. All Right Reserved. Website By Omni Online
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