The 2.7% cap on council rates for 2019-20 reflects some of the rising costs faced by councils – but it’s still just a political sleight of hand, Local Government NSW (LGNSW) said.
Rate cap meets increased costs – but that’s it
ANZ increases variable home loan rates
ANZ increases variable home loan rates
ANZ announced it will increase variable interest home loan rates in Australia following the sustained rise in wholesale funding costs as well as consideration of business performance and market conditions.
ASIC publishes a review of reverse mortgage lending
ASIC publishes a review of reverse mortgage lending
A review by ASIC has found that reverse mortgages are allowing older Australians to achieve their immediate financial goals – improving their lifestyles in retirement – but longer-term challenges exist.
Which is Australia’s top region for personal income?
Which is Australia’s top region for personal income?
Australians earned a median personal income of $47,692 in 2015-16, an increase of 1.8 per cent from the previous year, according to figures released by the Australian Bureau of Statistics (ABS).
GM Financial expanding to Australia
GM Financial expanding to Australia
Holden announced it will introduce GM Financial, General Motors’ global captive finance company, into the Australian market in early 2019. The move will allow Holden to offer customers more flexible finance options including access to exclusive, competitively priced finance products and services like Guaranteed Future Value (GFV) financing.
Support for superannuation amnesty for small business
Support for superannuation amnesty for small business
Small businesses across Australia that are not up-to-date with their superannuation obligations for current and past employees could be given the opportunity to get their affairs in order through a 12 month amnesty.
Minimum wage increase a hammer blow to Australian hardware
Minimum wage increase a hammer blow to Australian hardware
The hardware sector has condemned the Fair Work Commission’s decision to increase the minimum wage by a drastic 3.5 per cent.
Housing finance numbers continue to fall
Housing finance numbers continue to fall
The February 2018 housing finance figures released by the Australian Bureau of Statistics show the number of loans for housing continues to decline, according to the Real Estate Institute of Australia (REIA).
Affordable capital for SME growth
Affordable capital for SME growth
Initiatives to provide affordable capital to SMEs to start and grow their business.
Mortgage borrowing for new homes strong
Mortgage borrowing for new homes strong
ABS housing finance data commenced on a positive note with total dwelling commencements up by 0.7 per cent in January 2018.
