The outlook for growth appears increasingly positive for Europe and the US. Macro indicators of employment, corporate profits, consumer sentiment, industrial production and inflation are all supportive of an improved outlook for growth. Morgans explore…
In Australia, both the RBA and Treasury have recently predicted better times ahead. Though recent data has been patchy, an improvement in local prospects will be needed to help justify somewhat expensive share valuations. It…
$1bn National Housing Infrastructure Facility established A $1 billion National Housing Infrastructure Facility will be established to provide financial assistance to local government from 2018‑19 for infrastructure that supports new housing, particularly affordable housing. The…
The problems that any Australian Government is expected to resolve and the wish list they are supposed to fulfil, is extensive regardless of which party is in power. This Budget delivers a series of measures…
Farm Business Concessional Loans Scheme extended Eligibility to the Farm Business Concessional Loans Scheme will be extended to assist farmers and their partners who have received their full entitlement for the Farm Household Allowance (FHA)…
Increase in the Medicare Levy Date of effect: 1 July 2019 From 1 July 2019, the Medicare Levy will increase to 2.5% of taxable income (up from 2%) raising an estimated $8.2 billion across the…
The Government is very keen for private investors – including large scale investors and superannuation funds – to be a part of the solution to Australia’s housing affordability crisis. A series of new measures target…
$20k immediate deduction extended for another year Date of effect: Extended until 30 June 2018 The $20,000* immediate deduction threshold for assets purchased by businesses with an aggregated turnover of under $10 million will be…
The use of the superannuation regime to provide incentives to resolve public housing issues is an interesting measure and one that will spark a lot of debate and interest. Encouraging the over 65s to downsize…
The Government’s economic forecasts are optimistic (and susceptible to change) with global growth expected to recover and Australia’s economy to expand. However, the economic commentary in the Budget is littered with comments such as “uncertainties…
