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February 1, 2024
In 2019, Australia witnessed a significant shift in its taxation policy with the introduction of the ‘Stage 3’ tax cuts, which were set to take effect in the 2024-25 financial year. Originally, these tax cuts were structured to favor high-income earners significantly. Under this plan, the tax bracket of $120,000 to $180,000 was to be
January 23, 2024
Despite significant social and economic advancements in recent decades that have improved the financial living standards of divorced women, many continue to face financial struggles. For instance, in Australia, divorced mothers possess 68% less superannuation compared to their married counterparts, highlighting a stark financial disparity. They frequently grapple with immediate shifts in income, unstable housing,
January 3, 2024
Are baby boomers really to blame for Australia’s housing crisis? It’s a big question with no easy answers. In Australia, house prices have been going up a lot. From January to November 2023, they increased by 5.5%, and in the big cities, they went up even more – by 6.6%. The value of houses in
December 28, 2023
The conventional Australian retirement planning dream is to retire debt-free. But the reality is that in 2024, this fairly modest objective has become increasingly elusive. A growing number of Australians are facing the prospect of entering their golden years still burdened by mortgage debt. Recent research, including a pivotal study from AMP and critical data
December 20, 2023
As we look back on 2023, it’s clear that it’s been a significant year for the senior population in Australia. This year has seen a variety of developments that have directly impacted the lives of those aged 65 and over, a demographic that now comprises 16% of the nation’s total population. With an ageing population
December 7, 2023
Owning your own home is more than just part of the Aussie dream; it’s a vital piece in the puzzle of a sound retirement plan. Especially now, as Australia grapples with a housing crisis, where over the next decade, more than 1.8 million new households are expected to form, leading to a shortage of over
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