Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Kevin Rudd is the next ambassador to the US Kevin Rudd will serve as Australia’s next ambassador to the United States. Anthony Albanese said Rudd’s appointment would strengthen Australia’s diplomatic capability and prosecution of national interests around the globe. Twitter users believe Elon Musk should step down A Twitter… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. NSW builder goes into voluntary administration due to rising costs and pandemic effects Elderton Homes, a major New South Wales builder, has plunged into administration after catastrophic weather events, the pandemic, and rising materials costs made business too costly to continue. ABS data shows that payroll jobs are up,… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Austudy, carer payments, and youth allowance to get a boost Social security payments for young people, students, and carers will increase by 6.1% on 1 January – the biggest raise in over six decades. Women are 200 years behind men for income equity A new report revealed that Australian… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. RBA governor says it’s “regrettable” that some Australians now have mortgages they can’t afford At a Senate estimates hearing on Monday, Reserve Bank governor Philip Lowe apologised to Australians who took out a home loan due to the RBA’s guidance that interest rates would stay the same until 2024.… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More than one-third of Australians experiencing financial hardship New data from NAB has revealed that a third of us are really feeling the pinch – with some unable to pay bills. The bank encouraged those struggling to seek help early if having trouble paying on time. The “buy now,… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ASX slides as other world markets try to find their footing The ASX was looking good at the start of the week, but with the US wobbling around a recession and crypto crashing, all gains were erased. Stocks dropped to a low not seen since the start of the… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ASX inches up after news of strong US jobs report The stock markets opened the week strong, with the ASX climbing after the most recent US jobs report. Stock markets around the world followed suit. Senators launch inquiry over phoenix operations The illegal practice of “phoenixing” costs the economy… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ASX inches up after news of strong US jobs report The stock markets opened the week strong, with the ASX climbing after the most recent US jobs report. Stock markets around the world followed suit. Senators launch inquiry over phoenix operations The illegal practice of “phoenixing” costs the economy… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ASX rises in anticipation of RBA rate hike The stock market rallied a bit on Monday in anticipation of the latest rate hike from the Reserve Bank. The performance mirrored other world markets, with many investors hoping that the end of runaway inflation is in sight. Why grocery staples… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. ASX rises in anticipation of RBA rate hike The stock market rallied a bit on Monday in anticipation of the latest rate hike from the Reserve Bank. The performance mirrored other world markets, with many investors hoping that the end of runaway inflation is in sight. Why grocery staples… Read more
There’s a very important deadline coming up on 30th November. The ATO is urging those who haven’t yet applied for their director identification number (Director ID) to do so ASAP. The consequences for neglecting this task are severe. What is a director ID? The director ID is a mandatory 15-digit identification number given to a director who has verified their identity with the ATO. Once you have it, that is… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. A budget that is “resilient” but not “fancy” The Albanese government released its first budget this week, with promises that it will be well-funded, but not excessive. It’s expected that this budget will lay the groundwork for bigger changes next year. $21bn in government spending to be slashed After… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. A budget that is “resilient” but not “fancy” The Albanese government released its first budget this week, with promises that it will be well-funded, but not excessive. It’s expected that this budget will lay the groundwork for bigger changes next year. $21bn in government spending to be slashed After… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Rental market still under considerable stress At the beginning of 2020, a mass exodus of people from Australia as borders closed led many to believe that the pressure on our housing market would be alleviated. However, the opposite has happened, with rents still sky high across the country. Six… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Rental market still under considerable stress At the beginning of 2020, a mass exodus of people from Australia as borders closed led many to believe that the pressure on our housing market would be alleviated. However, the opposite has happened, with rents still sky high across the country. Six… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Permit and dining fees set to return to Melbourne To ease the burden of the pandemic, the city allowed alfresco dining options at restaurants without having to pay a fee. Now that business is bouncing back, Melbourne is seeking to reestablish the permits traditionally required after waiving $2.36 million… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Sellers still making massive profits despite interest rate rises New data from PropTrack has revealed the suburbs where sellers are still making a lot of money off of selling their homes. As interest rates started to climb in May, property values have decreased, but some areas are holding steady.… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Mortgage payment struggles lie ahead for homeowners RBA Deputy Governor Michelle Bullock estimates that 30 percent of homeowners will struggle to make mortgage payments as interest rates rise. Payment increases of 40 percent may be seen among homeowners who took advantage of record low fixed rates just five years… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 20-year comparison shows how drastically the housing market has changed At the turn of the millennium, the median age of first-time homebuyers was 24.5 years, with mortgages generally taken out on 20-year terms. Today, the median age has risen by at least ten years and 30-year terms are commonplace.… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Many air travellers stranded as airports see busiest days since the beginning of the pandemic A significant portion of the airline workforce is recovering from COVID-19 or the flu, making flight delays and cancellations increasingly common. Doctors urge 4th shot as COVID-19 cases rise again As a new Omicron… Read more