Jobs and housing remain a worry for RBA

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The Australian dollar surged to a two-year high after the Reserve Bank delivered an optimistic assessment of infrastructure investment, government spending and household consumption on Tuesday. But concerns about consumers battling with rising electricity prices, underemployment and torpid wage growth were highlighted by the board in the minutes of its July meeting as some of the reasons […]

RBA keeps cash rate at 1.5pc

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The Reserve Bank of Australia has kept the official cash rate steady for a 10th straight meeting and signalled it won’t be in any rush to join offshore banks in moving towards near-term interest rate hikes. Board members left the overnight cash rate at 1.5 per cent, where it’s been since last August, as was forecast […]

Tax-saving strategies to get in place before June 30

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The end of the financial year will ring in many changes to superannuation and personal allowances while ringing out popular concessions for property investors and home buyers. Adrian Raftery, an associate professor in tax, financial planning and superannuation at Deakin University, says now more than ever it’s crucial for individuals and small business owners to […]

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