Download IPFS Financial counsellors are urging the Australian Taxation Office (ATO) to provide greater flexibility for individuals and small businesses facing mounting tax debts, amid a surge in calls to national debt support services. Recent ATO data shows that small businesses are responsible for more than 65% of the total[Read More…]

Download IPFS Australia’s mortgage lending surged in June, with total new loans climbing by $17.7 billion, according to data from financial comparison site Canstar. This marks one of the sharpest monthly increases in recent years and signals renewed strength in the housing market following two earlier cash rate cuts by[Read More…]

Download IPFS Thousands of Australians hoping to buy a home or refinance remain blocked from accessing more affordable loans, after the Australian Prudential Regulation Authority (APRA) confirmed it would maintain its 3 per cent mortgage serviceability buffer. The rule requires lenders to assess borrowers’ ability to repay loans at an[Read More…]