Seven tips to manage your cash flow over Christmas
The Christmas holidays can be a challenging time for a business’s cash flow, because expenses can rise, income can fall and it can be hard to respond to emergencies when so many people are on leave. With that in mind, here are seven tips to help you manage your cash flow over Christmas. Do a […]
- Author: admin
- Date: 4 December 2023
Economic growth, inflation and wages all trending down
The Reserve Bank of Australia (RBA) has upwardly revised its forecasts for economic growth and inflation, with both proving to be more resilient than expected. The economy, which is currently growing at an annualised rate of 2.1% according to the latest data, is now expected to grow 1.5% in 2023 (compared to a July forecast […]
- Author: admin
- Date: 4 December 2023
Unemployment remains low but labour market is weakening
Australia’s unemployment rate has been remarkably steady – and low – for more than a year, but it might start trending upwards in the coming months. Unemployment rose from 3.6% in September to 3.7% in October, according to the Australian Bureau of Statistics (ABS). That marked the 16th consecutive month in which it had hovered […]
- Author: admin
- Date: 4 December 2023
Banks “stand ready to help” people with home loan problems
The Australian Banking Association (ABA) has launched a campaign encouraging borrowers struggling with loan repayments to seek help, in a valuable reminder there are options available if you’re finding it hard to keep up with your mortgage. Your bank may be able to: ABA CEO Anna Bligh said banks understood many borrowers were facing challenging […]
- Author: admin
- Date: 27 November 2023
More than 1m new vehicles have now been sold in 2023
Australians continue to buy new vehicles in record numbers, according to the latest data from the Federal Chamber of Automotive Industries (FCAI). A total of 106,809 new vehicles were sold in October, marking the fifth time in six months that a record for that particular month was set. Every state and territory recorded higher sales […]
- Author: admin
- Date: 27 November 2023
Why rate rises have been lower than expected
The average interest rate charged on home loans has, surprisingly, increased by less than the series of cash rate hikes during 2022 and 2023. Between May 2022 and September 2023, the cash rate increased by 4.00 percentage points, whereas interest rates on outstanding mortgages increased by an average of only 2.90 percentage points, according to […]
- Author: admin
- Date: 27 November 2023
8 ways to strengthen your loan application
If you’re now looking to buy, or even refinance your existing loan, there are a few ways to increase the chances of your loan application being approved. Keep in mind the things that lenders consider before approving your application. These include your credit report, existing debts, income, assets and spending. This helps them form an […]
- Author: admin
- Date: 7 November 2023
Commercial property market going through adjustment phase
Commercial property buyers made $11.8 billion of purchases in the first nine months of 2023, according to JLL, well short of the activity recorded in 2022, when $29.2 billion of transactions occurred throughout the entire year. Activity has fluctuated during 2023, with $4.3 billion of transactions in the first quarter, $3.5 billion in the second […]
- Author: admin
- Date: 30 October 2023
ATO launches crackdown to recover billions in unpaid taxes
Businesses that fall behind on their tax and superannuation obligations could be reported to credit bureaus, the Australian Taxation Office (ATO) has warned, potentially making it harder and dearer for them to secure loans. After the ATO went easy on enforcement during the pandemic, it said it had returned to “business-as-usual debt collection”. As a […]
- Author: admin
- Date: 30 October 2023
NSW and SEQ leading construction boom
A record 882 cranes were operational across Australia during the September quarter, according to Rider Levett Bucknall (RLB). Of those 882 cranes, 554 were residential, which was a new record, and 328 non-residential, which was close to record levels. That included 77 cranes for mixed-use developments, 64 for commercial projects and 56 for civil projects. […]
- Author: admin
- Date: 30 October 2023
