Laze Spasevski, Author at Australian Loans Group

RBA Believes Local Economy is Softening

Posted on 19/08/202508/08/2025 by Laze Spasevski

The Reserve Bank of Australia (RBA) believes the local economy is softening, although domestic conditions have generally evolved in line with expectations. The RBA noted during its latest monetary policy meeting, on 19-20 May, that GDP growth had picked up in late 2024. However, early 2025 data showed household consumption was weaker than expected. “Earlier declines in real household dispos...
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5 Simple Steps to Succeed at Tax Time

Posted on 14/08/202508/08/2025 by Laze Spasevski

As the financial year ends, follow these 5 simple steps to succeed at tax time. These steps will help you get organised early, and save you time, money, and stress. Gather your paperworkCollect all essential documents, such as income statements, loan documents, bank interest summaries, and receipts for deductible expenses. Having everything ready in one place will make lodging your tax re...
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Office Vacancies Affecting Parking Rates

Posted on 12/08/202505/08/2025 by Laze Spasevski

Fluctuations in office vacancies across the country are affecting parking rates in many areas. Australia’s parking market reflects wider economic shifts, with city-to-city differences revealing where office markets are recovering – and where they’re still struggling. Brisbane has overtaken Sydney as the country’s most expensive city for casual parking, with average daily rates of $80.84, ac...
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Rental Growth Continues

Posted on 07/08/202525/07/2025 by Laze Spasevski

The latest rental data shows different financial trends for renters and property investors, as rental growth continues and opportunities emerging on both sides. After rising steadily since 2021, rents climbed another 4.2% over the year to June 12, according to SQM Research, contributing to ever-higher living costs for tenants. Conversely, property investors are benefiting from higher inc...
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ATO Interest No Longer Tax Deductible

Posted on 05/08/202524/07/2025 by Laze Spasevski

From 1 July 2025, the interest charged by the Australian Taxation Office (ATO) on overdue tax debts will no longer be tax deductible. Until now, some business owners have treated the general interest charge (GIC) – currently 11.17% and compounding daily – as a manageable expense. But from the 2025–26 financial year, that interest will increase your costs without reducing your tax bill. T...
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Lenders Offering Low Fixed-Rate Mortgages

Posted on 31/07/202524/07/2025 by Laze Spasevski

A limited number of lenders are now offering low fixed-rate mortgages whose interest rates start with a ‘4’, although variable rates continue to have a ‘5’ (at least) in front of them. So, are fixed rates about to make a comeback and is now the right time for you to fix your loan? That depends on your personal circumstances and what you anticipate will happen in the future. Here’s what t...
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Consumers Cautious with Spending

Posted on 29/07/202524/07/2025 by Laze Spasevski

Based on the latest data from the Australian Bureau of Statistics, consumers are cautious with their spending, leading to challenging conditions for businesses. Household spending in April was just 0.1% higher than the month before, while retail spending was actually 0.1% lower, according to the latest data from the Australian Bureau of Statistics. This cautious spending behaviour is ref...
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RBA May Cut Rates Again

Posted on 25/07/202524/07/2025 by Laze Spasevski

RBA may cut rates again as the inflation rate for April was 2.4% based on the latest date from the Australian Bureau of Statistics. That marked the ninth consecutive month headline inflation had been within the RBA's target range of 2–3%. More importantly, the ‘trimmed mean’ inflation rate – which the Reserve Bank of Australia (RBA) considers more reliable as it removes volatile price movem...
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Property Price to Reach New Peak

Posted on 24/06/202513/06/2025 by Laze Spasevski

Australia's median property price rose 1.1% during the three months to April, to reach a new peak of $825,349, according to Cotality. All capital cities saw growth during the quarter, ranging from a 0.6% rise in Canberra to 3.4% in Darwin. The broad increase signals steady demand despite ongoing affordability challenges. Experts attribute the rise to a combination of low housing supply, str...
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Sharp Fall in PHEV Sales

Posted on 19/06/202513/06/2025 by Laze Spasevski

A change to fringe benefits tax rules has triggered a sharp fall in plug-in hybrid electric vehicle (PHEV) sales, according to new industry figures. The Federal Chamber of Automotive Industries (FCAI) reported that just 2,601 PHEVs were sold in April 2025. This figure accounts for 2.9% of all new car sales – well below the 4.7% average over the previous 12 months. The drop came after the go...
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