Audit activity by the Australian Taxation Office (ATO) and other government revenue authorities are frequently triggered by targeted crackdowns, driven using sophisticated data matching and advanced artificial intelligence tools. These technologies allow the ATO and other government revenue authorities to identify discrepancies and areas of interest with remarkable precision. As…

Economists representing all major financial institutions projected that house prices would rise by 3 per cent on the annual average in accordance with some combined trends. These trends include affordability, buyer attitudes, and economic issues. House prices are set to gradually fall from the offset of 2025. Reasons include increased…

While there will be no quick fixes for the coming year, some relief is on the horizon with inflation expected to ease and interest rates likely to drop. For example, falling interest rates will offer some relief for homeowners who are struggling with high repayments. In the meantime, the Reserve…

These losses were triggered by the US Federal Reserve’s call that 2025 will see fewer rate cuts than previously expected. The announcement has been felt globally and the Australian Stock Market had its worst trading day in three months. The S&P/ASX200 fell by 1.7 per cent to 8,168.2 points, wiping…

According to Deputy Governor Andrew Hauser, the direct impact of such tariffs on Australia is expected to be limited, given the relatively small volume of Australian exports to the United States. However, he acknowledged that indirect effects could arise, depending on global reactions to these policies. Hauser highlighted that much…

Cost-of-living pressures continue unabated. However new Australian Bureau of Statistics (ABS) figures for household spending in October show a healthy turning point from several months of up-and-down growth rates, measuring up to 0.8 per cent per annum this last month. The main contributor was services, which upped an average of…

The national gender pay gap among private companies currently sits at 21.1 per cent. While it has improved slightly over the past year, women still earn $28,425 less than men on average. The gap is even wider for women in their late 50s who typically earn $53,000 less per year…

Full-time jobs increased by 9,700 while part-time positions were up 6,200. The pace of job growth slowed compared to previous months where increases averaged 0.3 per cent/month. The figures suggest that the Reserve Bank of Australia (RBA) may have overestimated their earlier forecast of 4.3 per cent by the end…

This downturn comes as markets react to the potential for a Donald Trump presidency and the associated risks of increased tariffs on China. Just weeks prior, the Aussie dollar was at an 18-month peak, trading close to US70 cents. However, a combination of geopolitical tensions and economic forecasts has prompted…

This trend has become particularly pronounced among those aged 55 to 64, a demographic that has seen homeownership without a mortgage nearly halved over the past two decades. Many are facing the harsh reality of continuing to work well into their late sixties, driven largely by substantial mortgage debts. Linda…