In late May 2015 the banking regulator (APRA) has tackled the banks in an attempt to curb a rapid expansion in investor lending (and rapidly increasing property prices mainly in NSW and VIC) given 50+ year record low interest rates. In response, the major Australian banks have started increasing interest rates for investment borrowings (by […]
Every 5 years the Australian government commissions an Intergenerational report to assess the sustainability of economic policy setting based on projected population trends and other demographics. A few of the key charts from the report are extracted below. In a financial sense this data highlights the need for the country to review macro taxation policy […]
Many people expected more tough love from the Government to move the budget towards surplus and that was certainly not the case in regards to the small business incentives. However, behind this, the key savings measures target the middle class assuming the budget is approved by the upper house. The key points: The key benefactors: […]
The March 2014 reporting season and recent RBA statistics showed stronger than expected performance from corporate Australia and the broader economy over the past 12 months. Some key items Company profit growth across the Australian market averaged 11 per cent from previous 12 months; 66% of listed Australian companies increased profits; Dividends across the market […]