Australia’s latest $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job

- March 30, 2020 3 MIN READ

  Workers will receive $1500-per-fortnight ‘JobKeeper’ wage subsidy for the next 6 months It applies to businesses losing a minimum 30% of income (50% for revenue over $1bn) The ATO will manage the scheme through Single Touch Payroll The flat rate payment applies to people employed at March 1 (provided they are reinstated if subsequently… Read more »


RBA cuts Australia’s official cash rate to 0.5%

- March 3, 2020 3 MIN READ

Australia’s official cash rate now sits at 0.50% following a 25 basis points cut It’s the fourth rate cut since June 2019 amid growing concerns about the impact of the coronavirus on the global economy RBA says “global growth in the first half of 2020 will be lower than earlier expected” While housing prices have… Read more »


Australia’s house auction markets just had another good week

- February 25, 2020 < 1 MIN READ

The rebound in the Australian home auction market continued last week as both the number of auctions and clearances continued to trend higher, according to the latest figures from CoreLogic. Across the combined capital cities, 2,446 homes went to auction, with a preliminary auction clearance rate of 77.7%. That’s up from 1,596 auctions the previous… Read more »


CBA is giving homeowners a break on their mortgage repayments if family member dies or falls terminally ill

- February 24, 2020 2 MIN READ

Amid the heartbreak of losing or facing the loss of a loved one, having to deal with the ongoing demands of everyday life adds another layer of stress, especially when it comes to your mortgage. The Commonwealth Bank (CBA) has sought address that concern, launching an Australian first that covers mortgage repayments for up to… Read more »


Australia’s property auctions are starting to boom again

- February 18, 2020 2 MIN READ

Australia’s real estate auction markets are heading back towards boom levels, the national clearance rate at 78.6%, based on preliminary results, and Sydney, Melbourne Canberra and Perth around or above an 80% clearance rate with the number of properties also well above the levels seen 12 months ago. Capital City Auction Statistics (preliminary). Source: Corelogic … Read more »


Consumer sentiment has fallen – and people are putting their trust in banks to look after their savings

- December 17, 2019 2 MIN READ

There was a 1.9 per cent fall in the Westpac/Melbourne Institute consumer sentiment index for December, released last week. It currently sits at stands at 95.1 points, below the longer term average of 101.5 points. A reading below 100 points denotes pessimism, although economists believe are more apprehensive about how 2020 will unfold than negative.… Read more »