You’ve probably noticed that banks typically offer their new customers a more competitive rate, but don’t offer the better rate to existing customers unless you specifically ask for it.

What most people don't realise, is that mortgage brokers can request a rate reduction on your behalf (with most banks). Unfortunately, many brokers don't do this which means that when banks raise their rates with small out-of-cycle increases, you end up paying more for your mortgage than you should. In fact, the average difference in rates that banks offer new customers compared to existing ones is around 0.4%. Closing this gap could make a significant improvement to your cash flow and allow you to pay off your mortgage sooner.

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The ASX200 struggles to find traction, marked by fluctuations and modest gains offset by significant losses, staying flat. Shrinking due to hot inflation data, particularly in energy shares. Speculation surrounds the RBA's upcoming meeting amid rising inflation. Global markets rebound, notably the Hang Seng surges, influenced by reassessed US Fed policies.

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The 2024/25 Federal Budget, presented by Treasurer Jim Chalmers, prioritises cost of living relief while maintaining fiscal control. Notable features include tax cuts, support for small businesses, housing and infrastructure funding, and amendments to higher education funding. Other highlights encompass superannuation on paid parental leave and the phasing out of live sheep exports. Despite forecasted deficits, the budget aims for long-term economic stability and growth.

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As the backbone of the Australian economy, small businesses play a crucial role in driving growth and innovation. However, navigating the complex landscape of insurance can be daunting for these entrepreneurs. In this article we discuss some of the key person risks of a business and how you might decide to mitigate them.

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Getting the information together for your tax return can be a daunting process. It is hard to know what information to include and what not to include and how to achieve the best tax outcome for that financial year.

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The ASX200 struggles to find traction, marked by fluctuations and modest gains offset by significant losses, staying flat. Shrinking due to hot inflation data, particularly in energy shares. Speculation surrounds the RBA's upcoming meeting amid rising inflation. Global markets rebound, notably the Hang Seng surges, influenced by reassessed US Fed policies.

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Outsourcing bookkeeping services has become an increasingly popular choice for businesses seeking to optimise their financial management processes. Here's a closer look at why outsourcing offers significant advantages.

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Estate planning is a crucial aspect of ensuring your assets are distributed according to your wishes after you pass away. However, for blended families, i.e., families where one or both partners have children from previous relationships, estate planning can be particularly complex. Understanding the nuances of the legal framework, fostering clear communication, and tailoring estate planning documents to suit the unique dynamics of blended families are essential steps in this process.

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