Australians, get ready! The government found $241 million in unclaimed Medicare rebates. They want to give this money back to over 930,000 people who are eligible. This $260 payment is a big help during tough times. More than half a million Aussies have got their share of $117 million in Medicare benefits. Now, it’s time … Read more
In 2023, a quarter of homes in New South Wales, Victoria, and Queensland were bought with cash. This totalled a massive $129.6 billion. NSW saw 27.7% of these cash deals, showing a worrying trend for housing prices and market balance. Major Highlights Current State of Cash Property Purchases in NSW The New South Wales (NSW) … Read more
The Australian government has erased $3 billion in HECS debt, affecting over three million Aussies. This unexpected student loan relief arrives as a Christmas surprise. The ATO is issuing credits, with the average refund being $400 per person. These refunds are part of a broader plan to ease student loan burdens. For those with an … Read more
Did you know the Australian Taxation Office (ATO) offers two payments? These can increase the super balances of low-income and middle-income Aussies by up to $1000 a year. The payments are called the low-income super tax offset (LISTO) and the super co-contribution scheme. They aim to help Australians save more for retirement. mAJOR hIGHLIGHTS the … Read more
Australia has seen a 90% drop in cheque use over the past decade. This sets the stage for a big Centrelink payment change. From December 19, Services Australia will change how Australians get government aid. The government is stopping foreign currency cheques and international money orders. This is part of a plan to update Australia’s … Read more
As an Australian, I’ve been watching the retirement scene closely. The Albanese government’s recent news has me feeling hopeful. After years of confusing super rules, we’re seeing real changes to help everyday Aussies in retirement. The super industry is now focusing on making retirement easier. They’re working on three big areas for the next 10 … Read more
From 1 January 2025, over one million Australians will get a big boost in their payments. This change by the Albanese Labor Government is to help people deal with the rising cost of living. It aims to keep a strong safety net for social security. Minister for Social Services Amanda Rishworth said, “These increases will … Read more
The National Australia Bank (NAB) has made a big change in the Australian mortgage market. It has cut its variable interest rates for both new and existing home loan customers. This move is in response to the Reserve Bank of Australia (RBA) pushing lenders to make borrowing cheaper for Aussie homeowners. The RBA says the … Read more
The Australian government has made a big announcement that will help millions of university graduates. They plan to raise the minimum repayment threshold for the Higher Education Contribution Scheme (HECS) from $54,000 to $67,000 by 2025-26. This change will save graduates about $680 each year on average, easing their financial stress. Major Highlights Major Changes … Read more
In the booming Australian stock market, two ASX 200 growth shares are expected to shine. Analysts predict they could rise by 50% to 60% in the next year. Megaport (ASX: MP1) and Neuren Pharmaceuticals (ASX: NEU) are grabbing the interest of investors looking for big gains. Megaport, a top performer in the ASX 200, has … Read more