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Australian Property update, Chris Lioutas Insight Investment Services
The Australian property market remains in a state of flux, but the outlook looks significantly better than it did back in march, thanks to a combination of extraordinary fiscal and monetary stimulus and other government measures, which were needed following the government’s chosen virus Policy path of suppression (ie. Lockdowns).
At its November meeting, the Reserve Bank of Australia (RBA) announced a package of stimulus measures, largely as expected by economists and market participants, as both the Governor and Deputy Governor of the RBA had well flagged their intentions in the lead up to the meeting. What does this all mean for businesses, households, and markets?
Josh Frydenberg, released the Government's highly-anticipated 2020-21 Budget, featuring the bringing forward of tax cuts, superannuation reforms, measures for Centrelink clients and additional aged care funding.
Buying into a retirement village is generally not like buying your home. In most cases, you will not own the premises but will enter into a contractual arrangement that gives them the right to permanent tenancy.
Covid has bought some challenges to the doors of many of us, here are some useful tips for those about to receive their tax returns and want to improve their financial position in the coming year.
When a person moves into residential aged care this may leave their home vacant or available as an investment property, and land tax may start to apply to the former home.
The rules and rates of land tax vary in each State or Territory. In most cases, land tax is based on the value of land only (not buildings). Some states calculate land tax on a calendar year, others calculate on a financial year. Land Tax does not apply at all in the Northern Territory (NT).
Country to Canberra is empowering young rural women to reach their leadership potential. As a Future2 Ambassador and a regular participant in the annual Future2 Wheel Classic – having already cycled in seven rides – the managing director of Canberra-based Phillips Wealth Partners, Craig Phillips has been fortunate to see first-hand some of the inspiring work Future2 is doing with disadvantaged young Australians.
Chris Lioutas writes "It is fair to say that we finally have alignment between markets and economics with both in a state of flux at present. The alignment could be short-lived (in either direction), or it could be the status quo for the remainder of the year given the uncertainties that lie ahead".
This week the government announced a new emergency leave provision for permanent residential care. Residents who choose to temporarily live with family for the duration of the COVID-19 crisis will continue to have the normal government subsidies paid on their behalf, and won’t be deemed to have used their social leave entitlements.
Whilst these are all admirable and proven ways to reduce CO2 emissions, switching your investment portfolio to sustainable funds is one of the more effective ways individuals can help to promote a more sustainable planet.
As announced by the Federal Government, Commonwealth Home Support Programme (CHSP) service providers are now able to use unspent 2019 20 funding to purchase up to $1000 worth of personal monitoring technology for their vulnerable clients in need of this support during COVID-19.
Keep your finances organised from property and bank accounts to loan repayments, insurance, and estate planning, connect all aspects of your financial world in one place.