Download IPFS The Productivity Commission recommends slashing the company tax rate to 20% for businesses with up to $1 billion in revenue and introducing a 5% net cashflow tax, aiming to boost investment and productivity ahead of Treasurer Jim Chalmers’ reform roundtable. In a pivotal report released on July 31,[Read More…]

Download IPFS Australian property prices are set to climb in 2025, fueled by Reserve Bank of Australia (RBA) interest rate cuts and warmer weather, with regional markets outpacing capital cities, according to industry experts. Australian home prices are poised for further growth in 2025, driven by recent interest rate cuts[Read More…]

Download IPFS Stephen Miller, an investment strategist at Grant Samuel Funds Management (GSFM), has called on the Reserve Bank of Australia (RBA) to accelerate interest rate cuts, warning that a looming decline in public spending could drive up unemployment. Stephen Miller, a veteran economist and investment strategist at Grant Samuel[Read More…]

Download IPFS The Mortgage and Finance Association of Australia (MFAA) has formally urged the federal government to adopt sweeping economic reforms, including raising the goods and services tax (GST), abolishing stamp duty and payroll tax, and making the instant asset write-off scheme permanent. The recommendations were submitted ahead of the[Read More…]

Download IPFS More than 500 jobs are at risk after Queensland-based coal company Bowen Coking Coal appointed administrators amid mounting financial pressure and industry headwinds. The company announced on Wednesday that Mark Holland and Shaun Fraser from McGrathNicol Restructuring would oversee its administration. The decision follows unsuccessful negotiations with lenders[Read More…]

Download IPFS Mortgage holders and investors are closely watching for new insights into Australia’s interest rate outlook, as Reserve Bank of Australia Deputy Governor Andrew Hauser prepares to speak at an economic forum hosted by investment bank Barrenjoey in Sydney this Thursday. The forum follows the latest release from the[Read More…]

Download IPFS HSBC is reportedly exploring the sale of its Australian retail banking operations as part of its global restructuring efforts. According to sources cited by The Australian Financial Review, the process is being managed by Citi and has the potential to draw interest from local banks looking to expand[Read More…]