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Posts Tagged ‘finance’
Understanding Near-Prime and Non-Conforming Specialist Loans
June 14th, 2023If you’ve ever applied for a loan, particularly a mortgage, you’ll be aware of the hoops you’re required to jump through to get a loan approved by a lender, even if you decide to go with a broker. There are documents to provide, budgets to complete, and often a significant deposit to put down. Theread more
Family Office – Growing & Protecting Significant Wealth
May 31st, 2023In our article and newsletter content here at McKinley Plowman, we often touch on the importance of managing one’s finances effectively. This typically involves getting the basics right – setting a budget, making well-informed financial decisions, engaging with an adviser, and so on. While these are relevant for just about everyone, there are additional layersread more
WA Property Market Update May 2023
May 25th, 2023The end of the first half of 2023 is nearly upon us, and with it, the WA Property Market Update for May 2023. A slightly unexpected 25 basis point interest rate rise from the Reserve Bank of Australia (RBA) in May has seemingly not hampered the positive momentum of the broader property markets around Australia.read more
End of Financial Year Preparations – Race to the Finish Line
May 19th, 2023At this time of year, we find ourselves having regular discussions with clients about best business practice for end of financial year preparations. This can include end of year payroll, transitioning to cloud-based software for the first time, changing software providers, or simply reviewing data file accuracy. The key for business owners is to beread more
McKinley Plowman Federal Budget Update 2023-24
May 10th, 2023The 2023-24 Federal Budget was handed down on Tuesday 9 May 2023 by Treasurer Jim Chalmers of the Albanese government. The budget will return to a $4 billion surplus this financial year, followed by a $13.9 billion deficit the following year. Treasury forecasts under this budget inflation will fall from 6% this year to 3.25%read more
Another ATO Rental Property Crackdown
May 5th, 2023Just as they did in 2019, the ATO are launching a campaign to target rental property owners who incorrectly report income and expenses. Data-matching efforts have identified a tax gap of approximately $1 billion, and unsurprising are looking to recoup those funds. Financial institutions are now obliged to share data with the ATO, and thereread more
WA Property Market Update April 2023
April 27th, 2023The end of April sees us into the second quarter of 2023, and the easing of interest rate rises may well bring a greater sense of certainty to the WA Property Market. Some would-be sellers held off listing their property for sale throughout 2022 as a result of uncertainty around where rate rises would end.read more
Is Your Fixed Rate Loan About to Mature?
April 6th, 2023You would have to be living under a rock to miss the news about the RBA’s cash rate increases since May 2022, where we’ve seen it lifted from 0.10% to 3.60% with lenders following suit with interest rate hikes of their own. Throughout this time, many homeowners have been shielded from these rate increases whereread more
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