News

It’s that time of year again and it’s not surprise that most Australians are becoming more and more confused about doing their taxes.  With capital gains, GST, tax cuts, concessions, bonuses, HECS, dividends and now the First Home Saver accounts, just to name a few, the government needs to take responsibly to make the process easier.

There's been a rather sudden decline in the number of people borrowing money in both mortgages and personal loans, which will hopefully put a further rate rise on hold for the Reserve Bank. However, with oil prices continually on the up, inflation shows little sign of slowing.

Parents from the baby boomer generations have been handing out cash to their Gen Y children to help them get into the property market.  But they could be hurting themselves in retirement. Are they really doing them a favour?  Is this generation relying on someone to help them foot the bit because they haven’t adopted good savings habits?

Should you put your money into housing or the share market?  It’s a widely debated topic, with economists and Real Estate analysts sharing opposing views.  Historically, investing in property carries much less risk than investing in the share market, as been demonstrated in recent times.  For young Australians, purchasing an investment property can have benefits that outweigh the First Home Owners Grant.