Guardian Wealth Partners

27/06/2023

The end of financial year is upon us yet again. Here are some great tips to maximise your investment property returns and deductions! house🏡💰🔑
https://gwpartners.com.au/7-eofy-tax-tips-for-property-investors/

11/02/2021

Savers with the Commonwealth Bank have been dealt another huge blow after the bank cut savings rates on deposit accounts at double the level prescribed by the RBA.
Historical data shows that this is a common trend among the big banks... but is it fair for customers?

Commonwealth Bank has shaved savings rates at twice the level prescribed by the Reserve Bank of Australia.

04/02/2021

As loan repayment holidays come to an end, banks are asking customers to make large lump sum payments in arrears, or increase their monthly repayment amounts significantly.
The National Debt Helpline has received many calls, and there are worries that people may turn to payday lenders...
What are your thoughts on this?

As a pause on home loan repayments begins to lift, banks are asking customers to make large lump sums or add $1,000 a month to their repayments to clear up what they owe in arrears.

28/01/2021

Business data collected by NAB has shown that businesses are becoming less reliant on JobKeeper subsidy payments, which is a great sign for the economy.
However, spending in the hospitality and accommodation sectors are still lagging due to border closures, so there is still progress to be made.

National Australia Bank says businesses are becoming less reliant on JobKeeper, but uncertain and sporadic border closures will hinder the recovery for some industries.

18/01/2021

Superannuation is set to rise 0.5% (to 10%) this year, and continue until it reaches 12%.
While many argue that this increase will very likely cost workers future wage increases, others say that wage growth is expected to stay stagnant regardless...

Will a rise in the rate of superannuation cost workers future rises in their wages? Confidential documents from inside the Reserve Bank of Australian show our central bank's position on this contentious economic question.

05/01/2021

Since 2012, homeowners in Denmark have seen their borrowing costs fall, and now Danish banks are offering loans with 0% interest rates.
Bank across the globe are doing their best to avoid rate hikes - but will any of them go as far as Denmark has?

The once unthinkable notion of borrowing for two decades without paying interest comes as central bankers across the globe shy away from rate hikes.

10/12/2020

Hospitality industries in Melbourne and Sydney's CBD's are showing a lag in recovery compared to the retail industry, which is expected to continue as long as large companies have their employees work from home.
Do you think this will become the new normal?

Sydney and Melbourne hospitality businesses are still financially flailing from the turmoil caused by the coronavirus pandemic that has uprooted their target customer group – office workers.

07/12/2020

The government has proposed some major reforms to Australia's casual workforce, which will affect more than 2.6 million people.
However, the Australian Council of Trade Unions has stated that the reforms could do the opposite of what they hope to achieve, and actually take away rights from the country's hardest hit workers...

Sweeping industrial reforms look set to change the nature of work for more than 2.6 million casual workers in Australia.

03/12/2020

Despite news of the covid vaccine having a generally positive effect on the economy, the RBA believes it will still be a while before Australia's GDP recovers, and has chosen to maintain the cash rate of 0.1% this month.
Fiscal policy support is expected to continue, and the RBA is prepared to do more if necessary.

The Reserve Bank of Australia has retained the official interest rate at 0.1 per cent but has flagged the economic road to recovery out of the coronavirus pandemic will be long and bumpy.

29/11/2020

The Victorian government has decided to ban school banking programs across the state after a number of scandals over the past few years - involving CBA and its Dollarmites program in particular.
Other states have been called upon to follow Victoria's lead and push for more high quality financial literacy programs for kids. What are your thoughts?

Leading consumer advocacy group Choice is calling for other states to follow Victoria's lead to ban school banking after a series of scandals particularly in the Dollarmites program.

25/11/2020

Aussies are being warned not to be drawn in by the appeal of the lowest fixed rates on home loans in history, without properly considering the possible downsides.
Banks still expect to benefit, even with these low rates, so it's important to know exactly what you're getting into.

When you enter into a contract with a major bank, make no mistake, it expects to benefit from it. You, on the other hand, may not, writes David Taylor.

22/11/2020

Following the RBA's rate cut earlier this month, ANZ has slashed the savings rates on two popular accounts by 20 basis points.
This is yet another big hit to Aussie savers, but there's not much else the banks can do during the current economic downturn...
Do you believe this is fair on savers?

ANZ has hit savers with a rate cut higher than the recent carving issued by the Reserve Bank of Australia at the beginning of November.