Finance

Many Australians could be in for a rude awakening this Christmas.  As Australia finally emerges from lockdowns, it appears that everything is returning to normal; pubs, hairdressers and schools are reopening, international travel is resuming, and the holiday season is nearly upon...

Who will need them and how will the passports impact the economy?  Last week, Prime Minister, Scott Morrison threw his support behind the concept of vaccine passports being used by Australian businesses, stating “It’s got nothing to do with ideology, and these issues around liberty and so...

Australians are now getting less bang for their buck than ever as ABS data finds wage growth is at record lows.  On Wednesday, data from the Australian Bureau of Statistics (ABS) revealed some concerning information about Australia’s wages; they’ve been moving backward.  For the year,...

If you’re hoping to buy property in New South Wales, stamp duty is likely putting an additional strain on your finances. Well, that might be about to change.  For many, stamp duty can add tens of thousands of dollars to an already expensive property purchase. In Sydney, for example, where the...

With more than half of the country now in lockdown, the threat of another recession looms over Australia.  Prior to COVID-19, Australia had developed a reputation for avoiding recessions, which is defined as two consecutive quarters of economic decline.  Australia hadn’t experienced a...

It looks like the RBA may increase interest rates sooner than expected - and this could impact your monthly repayments. The Australian housing market has been exceeding expectations during this pandemic, with over 200 suburbs joining the million-dollar club in the past 12 months and the total...

Economists predict that Sydney’s lockdowns, if extended again, could bring Australia’s second recession since the pandemic started.  When it comes to Australia’s economy, Sydney is a powerhouse that provides nearly a third of Australia’s GDP.  That’s why these latest lockdowns...

Sydney’s Lockdowns have been extended for a further 4 weeks - and that might be just the beginning. Here’s the support that’s available to help you get through it.   Table of content Australian Defense Force to be Deployed Could the lockdown be extended further? JobKeeper...

The Australian Banking Association has rolled out support measures for Australians struggling with the latest COVID-19 lockdowns.  Victoria's lockdowns have just been extended for a week after 13 new local cases of the Delta variant of COVID-19 were reported on Monday in the state.  South...

The New South Wales government has just released its COVID-19 relief package following an extension to lockdowns.  New South Wales’ lockdowns have been extended for 2 weeks, set to remain in place until July 30th after NSW reported 97 new cases of COVID-19 today. Speaking on the lockdown...

With 112 new cases of COVID-19 recorded today in NSW, the lockdowns will likely be extended. But how will this impact the economy?  Today, NSW recorded 112 new cases of COVID-19, bringing the total number of active cases in the state to 664. !function(e,i,n,s){var...

Ever wondered how you can build your wealth and set yourself up for the future? Here are some tips.  Table Of Content Mindset & wealth Budget & balance Investing to grow wealth Building wealth with Real estate Property flipping case studies Protecting your...

For many Australians, tax time means receiving a massive bill from the ATO - but it doesn’t have to. Here are some things to keep in mind when filing your tax return. Since the COVID-19 pandemic, the world has changed in drastic ways. Lockdowns, social distancing and economic hardship have...

Dealing with the end of a long-term relationship is never easy. Apart from the emotional turmoil, there is also the practical side of working out living arrangements, custody of any children and finances. If you and your spouse have a joint mortgage, things have the potential to become even more...

Salary sacrificing into superannuation is a popular savings strategy in Australia. Less well known but potentially just as effective is the practice of salary sacrificing to your mortgage. Also known as ‘salary packaging’, the strategy involves making an arrangement with your employer under...

Increasing numbers of Australians are turning to self-managed super funds (SMSFs) to grow their retirement savings, rather than relying on traditional industry and retail funds. Table Of Content SMSF property rules to be aware of Pros and cons PROS Tax-effective ...

Just because you’re retired doesn’t mean that life – or your need for finance – stops. The financial situations of most older Australians tend to evolve and fluctuate over time, and many retirees encounter situations where they need to extend or otherwise refinance their mortgages. For...

Taking on a mortgage to buy a property is one of the most significant milestones in many adults’ lives – and also one of the biggest financial responsibilities read on for a definitive guide to mortgage defaults.  Table Of Content What happens if you default on a mortgage How long...

Many Australians are stubborn when it comes to their mortgages. Once they find a home loan that they are comfortable with, they tend to stick with it for many years, often ignoring the arrival of new lenders, changes in rates, and new loan products. Given the enormous sums of money that most of...