Finance News
Treasurer Scott Morrison has handed down his third Federal Budget tonight with the likelihood of a Federal election within the next 12 months, the Budget features many more “winners” of government funding than “losers”. WINNER: Low- and middle-income earners Under the 7-year tax reform plan which Labor have said they will support “in its first…
Read the rest of the entry »What is the royal commission? The banking royal commission was established in late December, after years of public pressure from whistleblowers, consumer groups, the Greens, Labor, and some Nationals MPs. Its first public hearings began on 13 March, and they will run at irregular intervals through 2018. The royal commission has been asked to investigate…
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Some exciting news for our team with Leah giving birth to her second daughter Eleana on Monday the 6th November at 12:45pm weighing 2.7kg. Leah and Elean are both healthy and well and can you believe Leah is already back at work! We will pass on your well wishes to her and her partner Alexander.. …
Read the rest of the entry »This is why we are financial advisers…………… Heading into any important life milestones, such as buying a house or having a baby, can be an exciting but also nervous time. Throughout those stages and others, we have enjoyed the piece of mind that has come with acting on the sound strategic financial advice from HFM.…
Read the rest of the entry »Homes zoned for some of Melbourne’s top performing public schools are delivering six-figure dividends for property owners, compared to neighbouring homes outside the catchment. New REIV data shows the median house price in highly sought after public school catchments are up to half a million more expensive than homes that border the zone. In…
Read the rest of the entry »Australian banks have enjoyed a strong performance over the last 12 months. Banks performance is linked to the Australian property market and record levels of household debt. Going forward revenue growth will be difficult due to: the property market showing signs of pressure, slowing business credit growth, and the diminishing ability of households to increase…
Read the rest of the entry »Westpac has become the next big four bank to changes its interest only lending policies for both new and existing borrowers. Effective from 5 June, the bank will reduce the maximum LVR on new and existing interest only lending to 80%. This change will apply to owner occupier and residential investment loans, equity access loans…
Read the rest of the entry »The Budget delivered by Treasurer Scott Morrison has clearly tried to hit the ‘reset button’ from the unpopular and disastrous Budgets of 2014-15 and 2015-16. Gone are the stalled Budget measures from those past Budgets, replaced by concern over the weak wages growth and struggle that everyday families experience. The big concern for me is…
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