If you are a wage earner, complete an income tax Withholding variation (itWv) to minimise holding costs so you can get tax savings back regularly during the year.
The following article shows why our Treasury is a prisoner of the Treasury department. Morrison returned from overseas calling on the RBA to not lower rates. Morrison should have come back pointing out the RBA was reaching its charter of maintaining full employment. He should have come back calling…
Treasurer Scott Morrison has emphatically signalled he opposes more interest rate cuts by the Reserve Bank of Australia, arguing monetary policy has "exhausted its effectiveness". "Its ability to impact and influence is diminishing," Mr. Morrison told The Australian Financial Review in Washington…
Watch my response to the RBA’s Monetary Policy Decision in my latest video https://www.youtube.com/watch?v=ToStqxPTrv8&rel=0 On hold yet again... As you know the Reserve Bank of Australia, as we predicted, sat on its hands and took no action to help the economy and jobs at its October meeting. I…
RBA (A) What it should do (B) What it will do on Tuesday (C) Why will the RBA do that? (A) What it should do It should drop rates immediately to 0.5% to simply match UK and fellow OECD countries. The banks should immediately pass this interest rate drop on in full as banks have always done it in…
The blue line on the below chart indicates the 2.9% that Australia is thinking of offering investors around the world for our thirty-year loan. I take two points from this. Firstly, it supports the case for "low rates for longer" and therefore the case not to fix until the long term becomes clearer…
Dr Chris Kent, the RBA's assistant Governor, this week has made two puzzling statements that go to the credibility of the Reserve Bank. Chris Kent's key remark was to flag "the abatement of those two substantial headwinds" and highlight that this "would be a marked change from recent years". They…
Before the RBA Decision on Interest Rates In this video we talk about what the RBA should be doing before it's meeting. Kevin's Response to RBA Decision after the Meeting At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. (Source: Statement by Glenn Stevens…
I believe the next interest rate move will be down a timid 0.25 per cent. to 1.25 per cent. The Reserve Bank of Australia (RBA) is drip feeding us! The RBA should drop rates straight to 1 per cent and announce that banks must pass it on in full. If the Australian dollar rises (which the chart says…
I think since we started the club our predictions on interest rates have been spot on. We gave 2 predictions; What the Reserve Bank of Australia (RBA) should do & What the conservative RBA will do Readers will note that the RBA soon had the reputation of "too little, too late". It proved very quick…
This week I want to ask the questions - Why does the finance industry hate low rates and why has the media finance spokesman never predicted a drop in rates? Of course it goes with our continuing story - you can't believe the media if you want to get educated. We know the media are just there to…
Mortgage Lending Figures Are In! VIC - leading the way with 16.6% of mortgage increases NSW - 12.2% SA - was up 12.2% aslo QLD - 4.5% WA - there was a drop of 13.4% in mortgages A great sign was that the non-majors have lifted their share to 29.1% of the market. These figures have come from AFG…
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