CoreLogic has just released the latest Australian Property Market Report reflecting on activity and prices across the nation in September, and whilst last month home values declined in Sydney and Melbourne; it is a mixed bag as the other six capitals all records a life in home values, and regional markets are continuing to perform strongly. See below graph (source: CoreLogic)
At … Read the full post »
With the handing down of the Federal Budget last week there is much to digest and indeed the path to economic recovery is a long one; however, the government have been widely praised for their handling of the pandemic, particularly in regard to stimulus packages aimed at keeping the economy moving, and the JobKeeper payments enabling employers to retain staff.
One of the real game changers, in term of stimulus emerged … Read the full post »
This week, we summarise what is currently on offer for people financially impacted by Coronavirus.
At the start of April, stimulus packages totalled approximately $331.6 billion, or 16.6% of GDP.
Monetary Policy:
Over March, The Reserve Bank of Australia reduced the cash rate, and launched unconventional monetary policy. The RBA have reduced the cash rate to the effective lower bound of 0.25%. The RBA signalled there would be no further reductions to the cash rate, … Read the full post »
The Federal Budget was presented on Tuesday evening by Treasurer Scott Morrison, with a major focus on taxation reform, including tax cuts for low to middle income earners, and future abolition of one of the tax brackets to eliminate the disincentive of ‘bracket creep’.
Issues like housing affordability were not addressed; however, incentives have been offered for pensioners with significant equity in their place of residence to draw on this equity … Read the full post »