Posts Tagged ‘cost of living’
Overwhelming: Taxes about to increase as cost of living gets tighter
Federal Treasurer, Jim Chalmers has indicated that some tax and revenue measures may need to be adjusted (aka increased) in the next annual Federal Budget in May 2023, or as soon as 25 October when a mini budget is scheduled to be presented to Parliament. With interest rates and everyday expenses also rising, it’s important…
Read MoreEconomic outlook: consumer position, cost of living, property and investment
Australian businesses are having a tough time. Australian consumers however, have money in their pocket. Here are some statistics from the Australia Bureau of Statistics June report. Slower consumer spending over the last two years means Australians have saved quite a bit of money, and their spending grew the Australian economy by 0.8% during the March…
Read MoreCost of Living stress
The cost of living is worrying Australians. Consumers have been spooked in recent weeks by eye-watering petrol prices and grocery costs. The Central Coast has the added pressure of rising council rates and property/rental prices to boot. Nervousness remains, with the war in Ukraine set to continue to disrupt oil supply and the cost of…
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