Given wealthy people try never to sell property, the proposal by the ALP to change negative gearing and CGT is a highly inefficient tax in its equity and fairness, although simple with many unintended consequences. So what were Labours simple policies from 1/1/2020 Negative gearing limited to newly built housing CGT for assets held longer…
Key points Expensive housing and high household debt leave Australian housing vulnerable; but without a recession or much higher interest rates a property crash is unlikely. The surging supply of apartments and the continuing strength of the Sydney and Melbourne property markets pose an increasing risk. Average dwelling prices in these cities are likely to…
Although you may not be thinking about your retirement yet, the reality is that every little extra you put aside now will pay off later down the track. After working hard all your life, you want to retire in comfort — that’s why you need a financial plan. Here’s five ways you can start to…
Key points are as follows… · After recent sharp falls the $A may see a short-term bounce, but the broad trend is likely to remain down against the $US reflecting a rising $US generally, a secular downswing in commodity prices, overvaluation in terms of relative prices and monetary tightening in the US relative to Australia.…
In this video, Brian Parker, Head of Portfolio Specialists Group at MLC reviews events in markets during August. He discusses: how global share markets have continued to deliver decent returns, despite the uncertain geopolitical environment why the actions of central banks continue to be a key factor driving markets whether improvements in Australia’s non-mining economy…
In the Budget Speech 2014-2015 delivered on 13 MAY 2014 on the Second Reading of the Appropriation Bill (No. 1) 2014‑15 by the Honourable J. B. Hockey MP, Treasurer of the Commonwealth of Australia, Medicare Co-contribution has been introduced. The Medical Research Future Fund will receive all the savings from the introduction of a $7…
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