Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. All big four banks now aligned with Reserve Bank’s rate rise After last week’s decision by the Reserve Bank to raise the official cash rate to 2.35 per cent, Westpac is the last of the big four banks to raise its interest rate to align. Public holiday may hurt… Read more
Photo By Carlos Muza Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Property values experience biggest drop in nearly 40 years In August, Australian property values suffered their biggest monthly drop since 1983 as the market’s downturn accelerated. Every capital city apart from Darwin is now in a housing downturn. Large percentage of ParentsNext facilitators filing false… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Sellers still making massive profits despite interest rate rises New data from PropTrack has revealed the suburbs where sellers are still making a lot of money off of selling their homes. As interest rates started to climb in May, property values have decreased, but some areas are holding steady.… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Lack of Chinese investment worrying A new report shows that Chinese investment in the Australian economy fell a staggering 69 per cent in the last financial year, reaching 2007 levels. The shift signals a change in the international financial landscape. ATO cracks down on family trust fraud, worrying tax… Read more
Treasurer Josh Frydenberg has released the 2022 Federal Budget ahead of a Federal election in a few months. This article has a summary of the “Winners and Losers” of the Budget and we’ve compiled a recap of the key points below. Get in touch with us if you have any questions. A Quick Overview Due to soaring fuel prices, the fuel excise tax will be cut in half, saving motorists… Read more
