The re-election of Donald Trump as U.S. President last week has notable implications for the Australian economy, primarily due to his policies on trade, tax cuts, deregulation, immigration, and climate change. Dr Shane Oliver, Head of Investment Strategy and Economics and Chief Economist, AMP Investments, issued an analysis on the topic.
Last week, the Victorian Government announced changes to probate fees that will take effect from 18 November 2024.
New research from the Association of Superannuation Funds of Australia (ASFA) outlines only 30% of Australians can afford a ‘comfortable’ retirement as defined by ASFA’s ‘Comfortable Retirement Standard’.
The $3m super cap tax passed the lower house late last week, after an overwhelming rejection of proposed amendment to the Division 296 tax.
Last month, increases were made to the Age Pension asset threshold limits as a result of CPI, allowing individuals to hold slightly more assets before their pension payments would be affected.
Property investors committed to $11.71 billion of home loans in July 2024, which was the second-highest month on record, according to the Australian Bureau of Statistics.
The Reserve Bank of Australia (RBA) has held the cash rate steady at 4.35% following its board meeting on Tuesday.
When it comes to managing your money, one smart move stands out: making the most of your superannuation.
The latest home loans data from the Australian Bureau of Statistics has revealed three key trends.
When it comes to managing your finances, the questions can be endless. We have the most powerful way to start finding the answers to these pressing questions – our Wealth Projections Tool.
Home loan volumes have significantly increased over the past year, especially among investors. Investors committed to $10.67 billion of mortgages in May, according to the latest data from the Australian Bureau of Statistics. That was 29.5% higher than the year before.
We provide a brief reminder to keep these three major problem areas front of mind when submitting your tax return.