The Reserve Bank of Australia has moved in line with expectations, raising the nation’s cash rate interest by 0.25bps to 4.35 per cent. Analysts had been widely tipping an interest rate hike following Australia’s latest inflation data, which surprised to the upside. Borne from that release we got a more hawkish RBA. Shelter and energy remain key drivers that are keeping consumer prices...
How Vacant Residential Land Tax will effect property owners The Victorian Government has introduced a Vacant Residential Land Tax, and property owners need to be aware of its implications. In this video, we dive into the details of this tax and discuss how it will affect property owners in Victoria, Australia. 🏡 What is the Vacant Residential Land Tax? We start by explaining what the Vacant...
Australia has been experiencing a gradual increase in interest rates set by the Reserve Bank of Australia (RBA). These rate hikes, aimed at managing inflation and fostering economic stability, have become a topic of interest for both homeowners and investors. Following its June meeting on Tuesday, the RBA announced the cash rate would rise by 0.25 percentage points, from 3.85 per cent to 4.10 per cent. We...
Coronavirus Rent Relief Grant payments have increased to $3,000 for eligible residential tenants, under new measures announced by the Victorian Government. The Rental Relief Grant is a one-off payment for residential tenants who have reached a rent reduction agreement with their landlord. I’m a renter in Victoria. How do I get the $3,000 payment? Once you have lodged your new agreement with...