The RBA made the decision to keep the cash rate at 4.75 percent after a slowing economy saw an underlying inflation rate of just 2.4 percent, well within the target band. The decision came after the economy recorded its steepest three-month drop since 1991, brought on in large part by the Queensland floods. The RBA’s […]
The Australian Taxation Office has included two mortgage structures among a group of unacceptable tax schemes in a guide to tax-effective investment published yesterday. It describes them as mortgage management plans and home loan unit trust arrangements. In a mortgage management scheme, the promoter offers a means of creating deductible interest payments, equivalent to home […]
RBA leaves Cash Rate at 4.75% At its meeting today, the RBA decided to leave the cash rate unchanged at 4.75 per cent At today’s meeting, the Reserve Bank judged that the current mildly restrictive stance of monetary policy remained appropriate. In future meetings, the Board will continue to assess carefully the evolving outlook […]
By paying tax, that’s how! The Rules of Lending have changed and this is having a dramatic impact on Business Owners wanting to borrow for a home. It has not become any more conservative and credit policies have not contracted all that materially from 12 months ago. What has changed is that lending decisions today […]
