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Director's Comment By Inbam Devadason The May 2015 Federal Budget was announced last week. It was Treasurer Joe Hockey’s second budget as Treasurer. The Budget has generally been well received and has put forward some key initiatives to assist small business, families with childcare needs and older Australians with a modest amount of assets. To
Tonight, 12 May 2015, the Treasurer, Joe Hockey delivered his second budget in which he focused on small business, families and transitioning the economy away from a reliance on mining. This newsletter summarises the key points from the 2015/16 Federal Budget.
Reserve bank interest rate announcement - May 2015 Today, the Reserve Bank of Australia reduced the official cash rate by 0.25% to 2.00%. Rates had previously been on hold since February 2015. We expect that most lenders will reduce their variable interest rates within the next few weeks.
Director's Comment By Noel Hucker Have you ever had a great teacher or mentor? Someone that has made a real difference to the way you think and conduct yourself? We inherently know that having a great teacher / coach / mentor can bring out the best in us and enable us to achieve things we
With the official cash rate at its lowest on record, there are some lenders that are offering very competitive deals to attract new customers. This is good for borrowers but it is important to understand all that re-financing involves. When you re-finance you are paying off your existing mortgage and creating a new one. For
Last month we discussed the fact that interest rates in Australia are now at an all-time low of 2.25%, and are expected to stay low for the medium term. Overall this change is positive for mortgage holders and businesses, yet a negative for retirees relying on interest income. The main drivers for further rate cuts
Below are five tips, in no particular order, on some ways you can take advantage of a low interest rate environment. 1. Increase your repayments Every extra dollar you put into your mortgage, above your required repayment amount, reduces the principal. This means down the track you’ll be paying interest on a smaller amount. This
Welcome to Harvest’s first Investment Newsletter for 2015. We hope you enjoyed your break and have returned to work refreshed and ready to go! In this newsletter, we’ll be summarising market movements over December whilst concentrating mainly on how calendar year 2014 finished up and most importantly, how we think markets in 2015 are likely
Did you know that not having a nominated beneficiary on your super can mean that in the event of your death the funds from your super can be delayed, paid to the state government or allocated in a way that was not intended? This causes unnecessary stress for loved ones in a time that is
Director's Perspective By Mario Isaias Welcome to our last edition in 2014 of our Investment Newsletter. We are excited to announce that in 2015 we will be revamping this newsletter to enhance the content and timing. We know you will enjoy this fresh approach. November in Australia was generally a “minus 3% month”. Both the
