If you’re a foreign investor … Foreign investors in Australian property will no longer be able to claim primary residence exemption for capital gains tax purposes, in a measure which is expected to bring in an extra $581 million over…

If you’re a property investor … Negative gearing rules for property investors are being tightened. You will no longer be able to claim tax deductions for travel expenses related to owning and renting an investment property, due to widespread rorting…

If you’re a small business owner … The $20,000 instant asset tax write-off, introduced in last year’s budget, is being extended for another year to June 30, 2018, and will be open to businesses with an annual turnover of up…

If you’re a baby boomer with a big house … You’re being encouraged to sell it to make way for “younger, growing families”. From July 1, 2018, people aged 65 or over will be able to make a non-concessional superannuation…

If you’re a first-home buyer … Young people saving for a deposit on their first home will be able to use their superannuation as a sort of supercharged savings account. From July 1, savers will be able to salary sacrifice…

EWM Finance Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. There has been a broad-based pick-up in the global economy since last year.…

ANZ updates interest rates – The Adviser The big four bank has announced increases to its investor, business and interest-only variable rates, but held its rate for principal and interest owner-occupier loans. ANZ has announced that the variable interest rate…

Changes to Fixed Rates Commonwealth Bank has  announced an increase to Fixed Rate Interest Only Owner Occupied and Investment Home Loans and Fixed Rate Investment Home Loans. As the nation’s largest lender, Commonwealth Bank is committed to ensure we continue…

EWM Finance Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved over recent months. Both global trade and industrial…

Buying your first home is getting harder. House prices are rising and the upfront costs – a deposit, stamp duty and fees – can be a huge hurdle. To help first home buyers, we’ll completely abolish stamp duty for both…