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Tighter lending

How tighter lending criteria will impact you

Australia’s thriving property market has recovered so swiftly since the brief pandemic-induced recession of 2020, that authorities have stepped in to pull the reigns on runaway real estate prices. As a result, lenders have been asked to tighten serviceability criteria. Nationally, dwelling values are up 20.3% higher over the past 12 months, every capital city experiencing significant …

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Super changes add flexbility – Work test to kick in at 67

Just when you thought you had a grip on the superannuation rules, they change again. This time though, the changes are mostly positive, especially for older super members keen to top up their savings. From July 1, changes came into effect allowing you to work longer and continue contributing to your superannuation. Under changes to …

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Bringing down the house…with contributions to superannuation!

From 1 July 2018, retirees will be eligible to make superannuation ‘downsizer’ contributions. This new super measure became law on 13 December 2017 and will allow an individual aged 65 and over to use the proceeds in relation to one sale of their main residence to make ‘downsizer’ contributions of up to $300,000 (or $600,000 …

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Superannuation Changes

The Australian Government Senate recently passed proposed legislation which gives effect to the much discussed superannuation reforms. The legislation contains the measures originally announced in the 2016/17 Federal Budget with some changes. The majority of measures commence from 1 July 2017 (unless otherwise specified below). Some of these changes may represent a real opportunity for you, …

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