Annual growth in rent has hit a 14-year high as home buyers face rising interest rates. The Reserve Bank on Tuesday announced a third hike in the cash rate in as many months, taking it to 1.35 per cent. The 50 basis point rise – the third...
Australians will have to dig a little deeper in their pockets after the Reserve Bank hiked the cash rate to 1.35 per cent. RateCity estimates the 50 basis point rise – the third hike in three months – will add $137 a month to a $500,000...
Treasurer Jim Chalmers says neither his department nor the Reserve Bank are forecasting a recession for Australia. A number of economists have suggested lower house prices, a drop-off in dwelling investment and a range of global pressures will bring the economy close to recession in 2023. Dr...
You don’t have to pay yourself super, but when you retire, you might be glad you did. You can make regular or lump sum payments, can usually claim a tax deduction on contributions, and may be able to save tax. Why pay yourself super There are advantages to...
Taxes on Ukrainian goods being imported into Australia have been scrapped following Anthony Albanese’s tour of the war-torn nation. The prime minister visited the towns of Bucha, Irpin and Hostomel on Sunday, before meeting with Ukrainian President Volodymyr Zelenskiy in the capital Kyiv. The federal government pledged...
The trustee is responsible for managing the trust’s tax affairs, including registering the trust in the tax system, lodging trust tax returns and paying some tax liabilities. The beneficiaries include their share of the trust’s net income in their tax returns and may need to pay instalments on their expected...
It is often said that ‘Time and tide wait for no one.’ Therefore, to achieve success in life, one needs to develop a deep appreciation for time. Anyone can benefit from time management — whether in school, in the office or with life in general. You...
Home lending rose 1.7 per cent to $32.4 billion in May as banks cleared a backlog of loan applications. The figures came a day ahead of a Reserve Bank board meeting which is widely expected to lift the cash rate. The Australian Bureau of Statistics said on...
Wet conditions across parts of the country haven’t dampened Australia’s agricultural outlook according to the latest report from Rural Bank. Australian farmers continue to cash in on high commodity prices and strong production despite a volatile global environment, according to the bank’s half yearly outlook report. Rural...
Bank of Queensland has expanded its partnership with Europe-based tech provider Temenos to roll out a new banking platform for customers. Under the plan, Temenos will develop a fully digitised, cloud-based banking platform aimed at halving the number of BoQ’s technology applications and reducing complexity as...