News

As expected, the Reserve Bank of Australia kept the cash rate at 0.25% at its meeting today as the country continues to deal with the COVID-19 pandemic. The RBA, conscious of reductions in consumer spending, further falls in house prices and the flow on economic impact of stage four restrictions…

The RBA has announced that the cash rate will remain unchanged for July with rates remaining at 0.25%. The RBA is mindful of rising concerns around unemployment post-JobKeeper, falls in housing and home loan approvals, decreasing property values and decreasing credit growth. The RBA maintains the stance that negative interest…

ANZ has temporarily introduced an assessment process allowing eligible customers to move from principal and interest (P&I) to interest only (IO) or renew an IO period for 6 or 12 months. ANZ is introducing the process in response to the financial difficulties that COVID-19 has placed on its customers. To…

The new $25,000 HomeBuilder grant has been revealed to the relief of aspiring home owners and struggling tradies across Australia. HomeBuilder is a scheme designed to help residential construction businesses bounce back from the financial effects of COVID-19. It provides eligible owner-occupiers (including first home buyers) with a grant of…

More than a million Australians now have their retirements savings in a Self-Managed Super Fund (SMSF), giving them control over where and how their money is invested. For business owners, SMSFs can offer particular advantages from allowing couples to consolidate their savings to borrowing to buy business premises. Types of…