Aged care is one of the most emotional and important topics a family will ever face. It often involves three generations: ageing parents, adult children, siblings, partners, and sometimes grandchildren who are deeply connected to the person needing support. While these conversations can feel uncomfortable,...
Selling a business or bringing it to an end can be a major financial and emotional decision. Whether you operate as a sole trader, partnership or company, closing the doors is only one part of the process. Contracts, employees, debts, registrations, tax obligations and business...
Choosing a family holiday can sometimes feel harder than packing for one. Parents may dream of beautiful scenery and cultural experiences, while school-aged children imagine theme parks, wildlife encounters and endless opportunities for adventure. With so many destinations to consider, how does a family decide...
The Reserve Bank is worried Australia’s economy could be weakened by a housing market slowdown accelerated by the federal budget, a readout of its last interest rates meeting shows. The central bank’s monetary policy board voted unanimously to hold the cash rate steady at 4.35 per...
WHAT IS CHANGING ON JULY 1? * About 2.7 million workers on award wages will get a 4.75 per cent pay bump, while workers on the minimum wage will get a six per cent pay rise, following a Fair Work Commission decision * Workers will also receive...
Home prices have recorded the biggest monthly fall in almost four years as tax changes accelerate Australia’s housing downturn. Sydney’s median home price fell 1.2 per cent to $1,265,608 in June, leading a nationwide decline of 0.4 per cent, data from property firm Cotality shows. It was...
Stronger-than-expected jobs and spending data has bolstered the case for more rate hikes, but events overseas could stay the Reserve Bank’s hand. An extra 40,300 jobs were added to the economy in May, driving down the unemployment rate to 4.4 per cent, the Australian Bureau of...
More Australians are upgrading the tech in their homes to not just to keep the lights on but make sure they stay connected during natural disasters. From solar panels and batteries to electric cars and better broadband, experts say at-risk households can take action to avoid...
The treasurer has hit back at attacks to budget tax changes from a former Reserve Bank governor after the contentious laws passed parliament. Ex-RBA governor Philip Lowe said changes limiting negative gearing and the capital gains tax discount would not boost housing supply levels as flagged...
Treasurer Jim Chalmers has promised to fix laws imposing a so-called “widow’s tax” on investment properties, without providing details on how he will close the loophole. The issue, which relates to investors with jointly owned properties potentially losing out on concessions if one owner dies or...