Foreign investors who buy homes in Australia only to leave them empty will face a massive new tax hike, in a bid to ease the nation’s ongoing rental crisis. On Sunday, Treasurer Jim Chalmers will unveil the package, first reported by The Sunday Telegraph. As it currently stands, overseas investorsContinue Reading
Australia could still avoid a recession despite fresh forecasts providing a grim backdrop for the upcoming budget, the Treasurer says. The International Monetary Fund slashed the outlook for the Australian economy overnight and warned the chances of a global hard landing and inflation remaining higher for longer, have risen. JimContinue Reading
With 800 Australians due to retire every day for the next decade, giving them access to a whopping $1.5 trillion in superannation, Baby Boomers are being encouraged to stop hoarding and start spending their retirement funds – or risk new taxes being imposed. Policy reforms focused on improving how AustraliansContinue Reading
Thousands of Aussies are gearing up for a big weekend of shopping, starting with Black Friday sales on November 25 followed by Cyber Monday the following week. Despite the economic benefits on the retail industry this weekend will provide, there is one sector that is set to lose a wholeContinue Reading