Rates & Economic Outlook

1 in 4 Aussies is now looking to change their job

With the economy beginning its recovery from the COVID-19 downturn, Australian workers are now actively seeking new employment, a survey has revealed. Stats released by Gartner Inc showed that 24 per cent of Australians are now actively looking for a new role, with workers intent to stay in their current …

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Calls for gender lens on budget and ‘real jobs’ for young people ahead of 11 May

A lot of hope is resting on the upcoming budget after the Treasurer reaffirmed that fiscal strategy will take a backseat as economic recovery becomes the focal point for this year. This budget is expected to embody a number of things, from being the first genuine care economy budget, to one …

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‘Can you help me?’: The pandemic’s impact on rural Australians

COVID-19 has pushed many rural Australians to breaking point after an already tough summer, an accountant has told nestegg. Simone Palfreyman is the principal of Palfreyman Chartered Accountants in Cessnock and has seen a number of clients suffering due to business closures and separation of family and friends due to …

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‘This will be another pandemic budget’: Frydenberg

The Australian government will use next month’s budget to target Australia’s unemployment rate and reduce taxes paid as it looks to support the economy post the COVID-19 downturn. In a speech made ahead of the 11 May federal budget, Treasurer Josh Frydenberg said he plans to delay budget repairs to instead focus …

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Tax rate uncertainty: Should investors consider realizing gains sooner vs. later?

Investors hate uncertainty. Today’s tax rate environment is the definition of uncertainty. This lack of clarity makes financial planning challenging. If tax rates are going up, should investors do anything today in advance of changes that may or not happen? How might possible tax increases impact existing portfolios? For appreciated assets, …

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Economic recovery fails to relieve financial stress

Despite Australia’s rapid economic recovery from the COVID-19 pandemic, one in three Australians is still feeling financially stressed, just weeks before JobKeeper and JobSeeker end, new research shows. Survey data by the University of Melbourne and the Melbourne Institute shows that 31 per cent of respondents are now reporting difficulty in paying for …

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