Insights and Research

How the taxman can pay for your new car

How the taxman can pay for your new car

The centrepiece of the recent Federal Budget was the introduction of a new ‘full expensing’ scheme for businesses. ‘Full expensing’ will allow eligible business to claim an immediate tax deduction for the full cost of eligible assets acquired between 7:30pm AEDT on 6 October 2020 (Budget night) and 30 June 2022. So, if you run…
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Government sinks 1 trillion into debt to get you a job – but will it work

Government sinks $1 trillion into debt to get you a job – but will it work?

Let’s look at a really simple question: does the Federal Budget solve Australia’s economic problems? The answer is that it goes some way to lifting Australia out of the coronavirus recession, but there’s a major roadblock in the way. Let me explain. The recession we didn’t ask for There’s one thing we’re missing in this…
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Recession 2020 Everything you need to know

Recession 2020: Everything you need to know

It’s been a tough year for economies worldwide as the coronavirus pandemic continues to wreak havoc causing businesses to shut down, mass unemployment, spending to drop and our economic financials to deteriorate. Here is everything you need to know about the coronavirus recession, what it will look like and how long it’ll last. What is…
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The Budget is making changes to your super Heres what they are

The Budget is making changes to your super: Here’s what they are

Most of the Federal Budget measures were about getting people into jobs and helping Aussies keep more of their money. And while you might have heard all about the business and income tax cuts by now, you may have missed a little detail: a handful of changes to your superannuation. It was wrapped up in a package called ‘Your Future, Your…
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The Aussie city headed for a housing bubble

The Aussie city headed for a housing bubble

The pandemic has changed the world forever – and if it’s also changed your living arrangements, you wouldn’t be alone. In fact, there are some cities you might not want to live or buy a house in at the moment, with Covid-19 putting added pressure on some of the largest cities around the world where…
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Split vs fixed rate mortgages Which is right for you

Split vs fixed-rate mortgages: Which is right for you?

With interest rates at record lows, it’s never been cheaper to take out a mortgage. Finder offers rates as low as 1.90 per cent, but you may be able to find even lower ones if you know where to look. But this low-rate market can make it hard to decide whether to stick to a variable loan…
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An exercise on financial literacy for kids

An exercise on financial literacy for kids

In our article, ‘The 2018 HILDA Survey: Financial literacy quiz’, we discuss the fact that financial literacy is an important life skill. For example, it can aid an individual in making sound financial decisions (i.e. via healthy financial attitudes and behaviours) and achieving financial wellbeing (i.e. via positive economic outcomes). We also noted the marked…
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Boomed Why Aussies are feeling so good about the property market

‘Boomed’: Why Aussies are feeling so good about the property market

Australians all across the country are feeling “clear optimism” about the housing market, new data from Westpac has revealed. According to the latest Westpac-Melbourne Institute Index of Consumer Sentiment, the percentage of Aussies who feel it is ‘time to buy a dwelling’ rose by 10.6 per cent to a level not seen since September 2019. “Confidence in…
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Home improvements and overcapitalisation

Home improvements and overcapitalisation

According to the latest data from the Australian Bureau of Statistics*, when it comes to household wealth: 1. Owner-occupied dwellings are the largest asset held by households, representing a value of $500,600 when averaged across all households, and accounting for 42% of household assets. Super is the second-largest household asset overall, and the largest financial asset,…
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