The events in Greece over the past few weeks have been building like a pressure cooker for many years now. Greece’s failure to meet the International Monetary Fund repayment of 1.6 Billion Euros last week was expected given the recent discussions in Europe, and the calling by the Greek Prime Minister of a national referendum
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.
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
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
Reserve Bank interest rate announcement - December 2014 Today the Reserve Bank of Australia met to review the official cash rate. They have decided to leave this rate steady at 2.50% pa. The official rate has now remained unchanged for sixteen months. We expect that most lenders will leave their rates unchanged, in line with
Reserve Bank interest rate announcement - November 2014 Today the Reserve Bank of Australia met to review the official cash rate. They have decided to leave this rate steady at 2.50% pa. The official rate has remained unchanged for 14 months now. We expect that most lenders will leave their rates unchanged, in line with the Reserve Bank’s decision.
Director's Perspective By Noel Hucker Are Australian listed companies in good shape ? You bet ! A focus on cost control, productivity and low funding costs have paid dividends – quite literally. For the 12 months ending June 2014, 90% of listed companies reported a profit, 69% of companies have improved their profit over the
It's that time of year again! The financial year ending 30 June 2014 is fast approaching and now is the time to start preparing! This newsletter is provided to give you some things to think about which will help you to best manage your taxes, build your wealth and better your financial position for you
Director's Perspective By Mario Isaias The GFC was the trigger point for governments to embark on massive spending without finding new sources of revenue. Australia now faces the hard reality that this cannot go on forever. The upcoming Federal Budget on 13 May will most likely take the first steps to addressing this imbalance which will
