Finance News
What Is Mortgage Insurance? Mortgage insurance (also known as mortgage guarantee) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer and is usually required if the buyer does not have in savings 20%…
Million dollar price tags in Melbourne are becoming the norm as recent data now puts 42 suburbs above the $1 million median house price bracket. Are the suburbs in your area on the list? Based on data covering the last 12 months, REIV (Real Estate Institute of Victoria) has found that nearly 50% of…
In hope of stable government In the view of RBS Morgan and I thank them for this article their view, probably the best outcome from Wednesday’s leadership ballot was that the election is now more likely to be held earlier. While a Coalition victory would probably be better for the stock market, restoring stability within government…
Most Australians with private health insurance currently receive a rebate from the Australian Government to help cover the cost of their premiums. The private health insurance rebate is income tested. The table below details the different rebate amounts and Medicare Levy Surcharge levels at 1 July 2012. The rebate applies to hospital, general treatment and…
Warning – If you have a family trust, remember that your trust distributions need to be minuted by 30 June. This year’s federal budget has given the ATO war chest an additional $68 million to crackdown on trust structures and their uses, so it is vital that your trust and distributions are compliant. Please contact…
Common BAS errors – Business Portal Are you? – Operating a business? At a glance: – The Tax Office has compiled a list of common errors made by businesses in submitting their Business Activity Statements (BAS) on the Business portal website. You should: – Ensure that all the information submitted in your BAS is correct.…
Stock market implications The 6% fall in the AUD/USD is good news for the domestic economy stock market in general. We estimate the S&P/ASX 100 would see a 3% rise in NPAT from a 10% depreciation in the AUD. Healthcare and materials have the most to gain, while consumer discretionary and energy also benefit.…
With limited seats available I though I would let you know about an event I am attending and potentially extend the invitation to some of our readers. The event is called the Three Tickers Twenty Minutes event and is on June 13th 2013. This time around they are showcasing a unique mix of three companies – a…
