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RBA Cautiously Optimistic on Inflation

Posted on by Laze Spasevski
RBA Cautiously Optimistic on Inflation
Why the RBA is cautiously optimistic on inflation comes down to recent data showing Australia’s cost-of-living pressures have eased further, with inflation continuing to cool. This gives the central bank reason to be hopeful, while still remaining careful in its outlook. The Australian Bureau of Statistics reported headline inflation at 2.1% in annual terms – the lowest rate since 2021 and ...
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Rate Cut Increased Borrowing Power

Posted on by Laze Spasevski
Rate Cut Increased Borrowing Power
The decision by the Reserve Bank of Australia to cut the cash rate earlier this month means the average person's borrowing power has increased. Not only that, it has also lowered the repayments of most borrowers. With rates now lower, lenders are starting to adjust their serviceability buffers. That shift means borrowers can show they can afford more on paper, effectively lifting their borr...
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Labour Market Showing Signs of Strain

Posted on by Laze Spasevski
Labour Market Showing Signs of Strain
Australia’s labour market is showing signs of strain as it delivered a mixed result in June, with unemployment rising but more people entering the workforce, according to new data from the Australian Bureau of Statistics. The unemployment rate increased to 4.3%, up from 4.1% in May and 4.0% in June 2024 – marking the highest level since November 2021. The underemployment rate also ticked up...
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New Guidelines Supporting Customers with Financial Hardship

Posted on by Laze Spasevski
New Guidelines Supporting Customer with Financial Hardship
Australia’s banks have strengthened their commitment to supporting customers experiencing financial hardship, with new industry guidelines aimed at making assistance more compassionate and easier to access. The updated guidelines, which was released by the Australian Banking Association (ABA), outline best practice for how banks should assist customers who are under pressure. These could ei...
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Commercial Property Market Improving

Posted on by Laze Spasevski
Commercial Property Market Improving
Australia’s commercial property market is showing early signs of recovery, with income performance improving across most sectors and investor sentiment gradually stabilising, according to KPMG’s latest market update. The industrial sector continues to lead the way, supported by strong tenant demand and limited supply. It has now recorded two consecutive quarters of growth, with total return...
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50,000 New Home Guarantee Scheme Places

Posted on by Laze Spasevski
50,000 New Home Guarantee Scheme Places
The federal government has released 50,000 new places under the Home Guarantee Scheme for the 2025-26 financial year, giving more Australians the chance to enter the property market sooner. The scheme is designed to support those who often face the biggest challenges breaking into the market. These include first home buyers, single parents and regional buyers. Since its launch in 2020, more...
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Inflation Rate Continues to Ease

Posted on by Laze Spasevski
Positive Inflation Streak Continues
Australia’s inflation rate continues to ease, with both headline and core measures now sitting comfortably within the Reserve Bank of Australia’s (RBA) 2-3% target range. According to the Australian Bureau of Statistics, annualised inflation in May was 2.1% – down from 2.4% in April and 4.0% a year earlier. This was the tenth consecutive month that headline inflation had remained inside the...
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How to Approach Rate Cuts

Posted on by Laze Spasevski
How to Approach Rate Cuts
Some lenders have already started trimming their home loan rates and homeowners want to know how to approach these rate cuts in order to take advantage of lower rates without compromising loan flexibility. That’s because not all lenders are moving in sync. Some are dropping rates early to stay competitive and attract new customers – which means loans that once had very sharp rates may no lo...
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ATO Reveals Common Tax Mistakes

Posted on by Laze Spasevski
With tax season upon us, the Australian Taxation Office (ATO) reveals common tax mistakes of small business owners and sole traders to avoid. These mistakes could delay processing or trigger follow-up checks. Assistant Commissioner Angela Allen says one of the most frequent issues is not having the right access to ATO digital services. She advises businesses to set up myID or link their myG...
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Rate Cut Driving Property Price Growth

Posted on by Laze Spasevski
Rate Cut Driving Property Prices Growth
“This February’s rate cut was a clear turning point for driving the growth of property price.” said Cotality research director Tim Lawless – and the numbers back him up. National property prices rose 0.6% in June, marking the fifth consecutive month of growth. Over the past five years, the national median has increased by 44.3%, despite several dips along the way. Mr Lawless said the lat...
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