Posted on April 16, 2015 by Chris Grieve
Happy Easter, we hope you and your family had an enjoyable Easter long weekend. Welcome to the April edition of the GS newsletter.
As usual it is a busy time in the office with our final lodgement date for returns for the year ending June 2014 looming, it also sees a period where we prepare our clients Fringe Benefits Tax returns and start to look toward planning for the end of the 2015 financial year (not to mention Federal and State budgets coming up and the football is back!).
Posted on March 5, 2015 by Patricia Nicole
Reserve Bank Reduces Interest Rates to Record Low
The Reserve Bank of Australia (“RBA”) has cut interest rates for the first time in 18 months (the last rate reduction was in August of 2013).
The RBA board lowered the 2.5 per cent cash rate by 25 basis points to a new record low of 2.25 per cent.
The move was designed to further stimulate business activity and household spending in the facing of slowing growth, low commodity prices and sluggish investment
By lowering the rate at which banks can refinance, the RBA hopes to bring down the cost of consumer, housing and business credit.
If you believe your current rate of interest is higher than it should be or are considering taking advantage of the low cost of money, call our team to discuss how our mortgage broker can help with your lending needs.