In good news for small businesses, the Treasurer announced in the Budget that the $20,000 asset write-off scheme for small businesses will be extended.
What we thought was the housing affordability budget, and then the health budget, and then the education budget, turned out to be an all-round budget focused on lowering the high cost of living. We break down the winners and losers.
We've heard Treasurer Scott Morrison promise "better days ahead" for Australia. Now it's time to find out just who are the winners and losers of the 2017 Federal Budget.
Treasurer Scott Morrison has vowed that there are "better days ahead", speaking at a doorstop interview in Canberra ahead of the release of the 2017 Federal Budget.
As widely expected, the RBA kept the cash rate on hold today at the record low setting of 1.5%. While a broad range of economic factors would have been discussed at the meeting, the housing market would have been front and centre in the conversation.
The Reserve Bank of Australia seems to be stuck between a rock and a hard place, today announcing it has left the cash rate on hold at the record low setting of 1.5% in a widely anticipated decision.
NAB and Westpac have jacked up owner-occupier and investor home loan rates, and we can safely predict Commonwealth Bank and ANZ will follow suit. But there is one bright spot for borrowers.
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