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The decision to keep the official cash rate at 4.10% will be welcomed by homeowners around the country after monthly repayments increased by about $1,135 per $500,000 loaned (for a 25-year loan) since 1 May 2022. RBA Governor Philip said as interest rates had been increased by 4% since May last year, the Board decided...
Domain’s Forecast Report for the 2023–24 financial year is here, and according to its predictions, the next twelve months looks sunny with a chance of record-breaking growth. The main take away is that Australia’s housing market will continue its redemption arc after making an unexpectedly speedy recovery from the short and sharp 2022 downturn—the steepest Sydney...
In the midst of a cost-of-living crisis that has some of us rethinking our morning coffee routines and midway through a second year of continuous interest rate hikes, one of the most expensive Australian house sales of all time took place in Point Piper. Not to be outdone, record-breaking sales in QLD and VIC followed...
Finally, a percentage hike that doesn’t correlate with a deep sigh. In May, Sydney home values rose 1.8%, marking our highest monthly gain since September 2021. Up 4.5% over three months, house and unit prices in some areas have climbed by six figures in that same period. Despite the consistent percentage increases that do correlate...
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...
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...
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2026 Quantiphy – Eastern Suburbs, Sydney. All Right Reserved. Website By Omni Online
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