No more Mr Nice Guy: the ATO wants its money

Tax time is just around the corner and the ATO has sent out a warning to businesses around the country that owe it money: the COVID-19 moratorium on debt collection has come to an end. Rest assured though, you’ve got some options. During the early days of the pandemic, the ATO says it deliberately shifted […]

Refinancing numbers are surging across the country, here’s why

Rising interest rates got you feeling a little vulnerable? It might be time to take some control back by refinancing or asking for a rate review. Here’s why we’re seeing refinancing numbers surge across the country. In just two months we’ve seen the Reserve Bank of Australia (RBA) increase the cash rate from a record-low […]

RBA increases cash rate for second consecutive month, to 0.85%

The Reserve Bank of Australia (RBA) has increased the official cash rate by 50 basis points to 0.85%. How much extra should you expect to pay on your home loan? Today’s cash rate hike is the second in as many months, with the RBA last month increasing the official cash rate from a record-low 0.10% […]

Banks tighten lending, reducing the maximum you can borrow

Some of Australia’s biggest banks have tightened their mortgage lending criteria, meaning you might not be able to borrow as much from them. How might this affect your next purchase? This week ANZ lowered a key lending cap, indicating it will no longer lend to borrowers with a debt-to-income (DTI) ratio above 7.5 (meaning people […]

Bulk of SMEs preparing for growth over next 12 months: research

Small businesses around the nation are once again confident about their future and ready to start driving toward their next phase of growth, according to new research. The research, carried out by small business lender Prospa, found that 81% of Aussie SMEs expect their businesses to grow over the next 12 months. This is despite 87% […]

ATO hit list: rental property income and capital gains

Property investors beware: the Australian Taxation Office (ATO) has revealed the four key areas it will be targeting this tax year, and rental property income/deductions and capital gains are high on the hit list. Tax office Assistant Commissioner Tim Loh says this tax season the ATO will be targeting four key problem areas where it commonly sees […]

The two major parties’ first home buyer policies explained

Housing affordability is one of the key battlegrounds ahead of the federal election this Saturday. So what is each of the two major parties proposing to help first home buyers crack the market? Let’s take a look. Now, before we get into the nitty-gritty, we’d like to stress that we’ll be doing our darndest to […]

EOFY alert! Financial year-end is fast approaching

Small business owners wanting to buy a vehicle, asset or important piece of equipment and immediately write off the cost have just over a month to act this financial year. There’s nothing like an impending deadline to get you moving. And with June 30 now just over a month away (didn’t that sneak up on […]

Ready for lift-off: how to prepare a buffer for more rate rises

Rate rises are a bit like taking off in a plane. Sure, it’s a bit nervy, but so long as you’ve run through your pre-flight check, have a well-serviced aircraft, built-in some contingencies (a buffer!), and have a handy co-pilot (us!), you should reach your destination no worries. As you’re likely aware, earlier this month […]

RBA increases cash rate to 0.35% amid high inflation concerns

The Reserve Bank of Australia (RBA) has increased the official cash rate by 25 basis points to 0.35% amid high inflation concerns and has signalled more cash rate increases will likely follow. This is the first RBA cash rate hike since November 2010, and the first time the cash rate has moved since it was […]