The Reserve Bank of Australia (RBA) Board made their third cash rate decision of the year on Tuesday May 7, 2024. What does ‘cash rate’ mean? The cash rate is the interest rate that banks pay to borrow funds from other banks in the money market overnight. Technically speaking, it is the interest rate Read the full article…
Entering the property market can be daunting for people of any age, but if you’re a member of Generation Z, it can be especially confronting. Gen Z typically refers to those born between 1997 and 2012, meaning the oldest Gen Z’ers are just now heading into their late 20s, and staring down the prospect of Read the full article…
An inevitability when purchasing a home is encountering the acronym LVR, which means Loan to Value Ratio. But what does this mean? When you are working out the amount you can borrow to purchase a property, the size of the deposit you need to save, and whether you’re eligible for a particular mortgage product, the Read the full article…
On the 30th of June, the 2023-2024 financial year will reach its conclusion and Australians will wrap up their financial books, lodge their tax returns and start planning for the next financial year. If you’re running a small to medium business, now is the time to start looking at which tax deductions and concessions you Read the full article…
It’s an unfortunate and all-too-true reality that the gender pay gap still exists. The gender pay gap is not a direct comparison of like roles. Paying men and women different salaries for the same work has been illegal in Australia for over 50 years. The gender pay gap highlights the difference between the average or Read the full article…
March 2024 is upon us, and the Reserve Bank of Australia (RBA) Board has made yet another cash rate decision. In line with the RBA’s revised approach to monetary policy decisions (longer meetings that are fewer in number), the March meeting began on Monday afternoon, March 18, and continued the morning of March 19. Read the full article…
If there is one lifestyle trend that has persisted over the last 5 years it’s Australia’s love of smart home. Last year it was reported that over half of Australian households have some form of smart technology implemented, marking an annual growth rate of over 8%. (We were onto the trend way back in 2022! Read the full article…
Great news for homebuyers and homeowners; the Australian Government has announced changes to the stage 3 tax cuts which will put extra cash back in the pockets of more Australians. What Changes Are Being Made To The Stage 3 Tax Cuts? Australians earning between $18,200 and $45,000 a year will see a reduction in tax Read the full article…
It’s February and the festive season is over (sadly), so what better time to refocus on your finances? To kick things off, let’s look at the first cash rate decision of 2024. On Tuesday February 6, the Reserve Bank of Australia (RBA) Board chose to keep the cash rate on hold at 4.35%. Remember Read the full article…
After decades of hard work, smart saving, and difficult decisions, you’re starting to plan your retirement! Being retirement-ready is a sizeable achievement and should feel like a weight off your shoulders. If your mind is racing with fears and anxieties about running out of funds, or not being properly set up, here are a couple Read the full article…
