Will retirement age in Australia increase? Interestingly, there is no official ‘retirement age’ legislated for in Australia. That being said, there are certain age based rules in respect of both Superannuation and also Social Security benefits, that may help to...
Managing windfall gains: Tips for long-term financial stability
Managing windfall gains: Tips for long-term financial stability A windfall gain refers to a sudden and unexpected financial gain that comes from sources such as winning the lottery, receiving an inheritance, or experiencing a significant increase in the value of an...
We are constantly surrounded by risk
We are constantly surrounded by risk, in all shapes and sizes. Some we can control others we can’t. When it comes to investing, there are always risks, but the best way to mitigate risk and enhance consistent positive returns is diversifying your investment portfolio....
Navigating the current interest rate environment
The current interest rate environment is challenging. Australia’s cash rate has risen 12 times from .10% back in April 2022 to 4.10% in June 2023 – an increase of 4.00%. With the RBA remaining steadfast to its inflationary target to ensure inflation does not become entrenched, the likelihood is of more pain before some light on the horizon. As finance and mortgage brokers we are assisting mortgage holders through this time and wanted to share some guidance and tips for consideration.
How to ease the cost of living pressure with rising inflation
Inflation, the persistent rise in prices of goods and services over time, can erode the purchasing power of money and negatively impact financial well-being. As inflation rates sit above cash rates, consumers and investors need to be proactive in protecting their finances and finding ways to outpace inflation. In this article, we’ll explore practical and effective strategies to help you manage your expenses.
What does the recent review of the Reserve Bank of Australia mean for you?
Findings, and recommendations of a historic independent review of the Reserve Bank of Australia (RBA) have been released. A comprehensive look under the hood of Australia’s central bank, as well as the bank’s own internal governance and processes.