Quarterly Economic Update: Jan-Mar 2024
Quarterly Economic Update: Jan-Mar 2024 The first quarter of 2024 saw the Government roll out considerable changes to the Stage 3 Tax Cuts, inflation continuing to slow but remaining stubbornly high across some areas, surging stock market highs and continuing pressures in the property sector. Government Overhauls Stage 3 Tax Cuts In January, the Labor […]
Is Worker’s Compensation Enough?
Is Worker’s Compensation Enough? No matter what kind of job you have, there is always a possibility of falling sick or getting injured, regardless of the type of work you do. That’s why every Australian workplace has a health and safety obligation to provide a safe work premise, assess risk and have workers’ compensation insurance. […]
Charting a course to financial recovery
Charting a Course to Financial Recovery Australian Bureau of Statistics, (ABS) figures indicate that between 2017-2018 and 2019-2020 total average household debt rose from $190,000 to $204,000. That’s an increase of over 7% in two years! The reasons why would make for an interesting study, however a more pressing question might be what can we […]
The Wealth of Gold: Investing in a Timeless Asset
The Wealth of Gold: Investing in a Timeless Asset As investors navigate through unpredictable and volatile economic times, it is essential to consider asset classes that can provide a level of stability and protection against market fluctuations. One such asset that has stood the test of time is gold. For centuries, gold has been a […]
Fixed Rate Mortgage Expiring. Now What?
Fixed Rate Mortgage Expiring, Now What? They say all good things must come to an end… and that includes your home loan fixed interest rate period. If your fixed rate expiry is approaching, you might have started to ponder about the next steps and the necessary actions to ensure a smooth transition. Conversely, you might […]
Five Steps to Manage Your Super Better
Five Steps to Manage your Super Better Know your superannuation fund balance, always make sure you know what’s happening with your super funds. Keeping on top of your superannuation fund balance is an important element to consider when analyzing the future of your financial well-being. Knowing your fund balance can help you decide if it […]
Buying Your Kids A Home- Good or Bad?
Buying Your Kids A Home- Good or Bad?
Economists Keep Watch as Reserve Bank of Australia Determines Interest Rates
Economists Keep Watch as Reserve Bank of Australia Determines Interest Rates The Reserve Bank of Australia’s stance on interest rates has garnered much attention from economists this quarter. The bank has raised interest rates significantly in an attempt to reduce domestic inflation, but recent data shows a slowdown. The Consumer Price Index only increased by […]
Federal Budget 2023-24 Summary
Federal Budget 2023-24 Summary Lady Luck has once again looked down fondly upon Australia, creating the first budget surplus in 15 years, through a higher tax take on record export earnings and increasing income tax receipts from higher job numbers. But how long will the good times last? Domestic economic growth is expected to buckle […]
Maximizing Your Tax Savings: Effective Strategies for the End of the Financial Year
Maximizing Your Tax Savings: Effective Strategies for the End of the Financial Year As we approach the end of the financial year on June 30, I wanted to take this opportunity to help you manage your taxes more effectively. There have been some changes in the laws for example this year “Low- and middle-income tax […]