If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%.
Housing affordability best it’s been in a decade: report
Great news for homeowners and prospective buyers: housing affordability is at its best level in a decade and should continue to improve throughout 2021.
JobKeeper 2.0 starts today: here’s what you need to know
Like most sequels, JobKeeper 2.0 won’t be as big a blockbuster as the original. But that’s not to say it won't help many SMEs navigate the difficult times ahead. Today we’ll cover what you need to know about making the transition for your business.
Rates remain on hold
The Reserve Bank of Australia kept official interest rates on hold at its September meeting this week. The cash rate remains at the historic low of 0.25%. RBA governor Philip Lowe said they had decided to increase the size of its funding facility and extend its availability until late June...
$25,000 Grants for Homebuilders
The long-anticipated plan to boost the construction industry is finally underway, as the Federal Government will be handing out $25,000 grants to eligible homebuilders and renovators.
Employers granted one-off super amnesty
Employers who have underpaid their staff superannuation have been granted a one-off amnesty to make things right, but that doesn’t mean they’re completely ‘off the hook’. The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019, which just passed federal parliament, encourages employers to come forward and pay any unpaid superannuation in...