Wealth

Australia's biggest bank made a profit of almost $10 billion in the past financial year. (Joel Carrett/AAP PHOTOS)
Business
Derek Rose

Massive CBA profit as more Aussies fall behind with repayments

Commonwealth Bank has reported a massive statutory profit for the year, as the number of Australians falling behind on loan repayments rises.

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Tax reform is needed to address Australia's rapidly widening gap in wealth, a think tank says.
Business
Adrian Black

Rich keep getting richer as average Aussies struggle

Ordinary Australians are struggling to make ends meet while the richest enjoy billions in tax breaks, a new report claims.

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Golden eggs in nest on dark vintage wooden background, golden easter eggs
Wealth
Nick Bruining

How to safeguard your super stash in times of market mayhem

Last week’s market turmoil is a sober reminder that investors need to keep an eye on things, even if you’ve adopted a set-and-forget strategy, particularly in retirement.Here’s how you can protect your money.

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Your Money spoke to two highly experienced independent financial planners to build a top 10 list of the questions kids or others likely to administer an estate should ask. 
Wealth
Nick Bruining

The 10 questions you MUST ask Mum & Dad before they’re gone

It’s the talk many families try to put off as long as possible but discussing one’s death with loved ones or those you trust can provide peace of mind, not least for those left behind. Here’s what to ask.

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Video
RBA governor Michele Bullock telling us that the economy is still too hot. Will fresh economic markers due this week change that view?
Markets
Poppy Johnston

The two economic markers that could prompt a rate cut

A couple of big announcements this week could give us the clearest indication yet of when interest rates might finally be cut.

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Rising transport costs have outpaced inflation in the year to June, auto industry research found.
Australia
Jennifer Dudley-Nicholson

New household headache as car costs outpace inflation

Transport is becoming an even bigger household expense, with research showing costs grew by more than 10 per cent over the past year.

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Jim Chalmers probably wishes RBA Governor Michele Bullock wasn’t quite as independent as she is, writes Mark Riley.
Political
Mark Riley

How RBA is quickly becoming a thorn in Chalmers’ backside

The Federal Treasurer has been referring to the RBA as ‘independent’ for the past few years, but it’s a moniker that is making his life increasingly difficult.

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The RBA isn’t going to hand out an interest cut any time soon. It’s up to borrowers to get their own.
Opinion
David Koch

Four ways to hack your home loan and cut your rates

DAVID KOCH: The RBA isn’t going to hand out an interest cut any time soon. It’s up to borrowers to get their own.

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Video
Butler’s Budget Busters: The garden hack for BIG savings
Wealth
Graeme Butler

Butler’s Budget Busters: The garden hack for BIG savings

In this week’s Budget Busters segment, Graeme Butler discusses ‘the simple weekend project that could provide you with savings for years’ — and it starts in your garden.

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The Reserve Bank says it could be six months before an interest rate cut. Here’s why many expect it will be much sooner.
Business
Peter Martin

Five reasons why RBA could cut rates sooner than six months

The Reserve Bank says it could be six months before an interest rate cut. Here’s why many expect it will be much sooner.

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Taxpayers have been urged to get organised early and start thinking about what work-related expenses they may want to claim next near.
Wealth
Molly Magennis

The one thing you should start doing now before lodging next year’s tax return

While it may seem too early to start thinking so far ahead, an ATO top dog suggests otherwise.

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Super funds describe themselves as being balanced even if they hold up to 70 per cent of high-risk growth investments such as shares, privately traded business investments and commercial property holdings.
Wealth
Neale Prior

ASX mayhem offers crash course in devilish details of super

More than half of Australia’s retirement savings are directly exposed to a share market crash thanks to the high-risk settings of most superannuation funds.

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Michele Bullock, governor of the Reserve Bank of Australia.
updated
Business
Matt Mckenzie

Bullock reckons rate cut unlikely any time soon

Reserve Bank boss Michele Bullock has hosed down hopes interest rates will be cut this year, declaring that stopping inflation remains the top priority.

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The Australian Electoral Commission (AEC) is looking to hire more than 100,000 workers in the lead up to next year’s federal election. 
Wealth
Sowaibah Hanifie

The 100,000 jobs on offer paying up to $35 an hour

Jobseekers are being urged to apply and told there is a high chance they will be employed.

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Several suspects can be blamed for Monday’s market meltdown, but understanding why paints a clear image: this shift is not over.
Business
CNBC

Why did global markets crash on Monday and should we panic?

Several suspects can be blamed for Monday’s market meltdown, but understanding why paints a clear image: this shift is not over.

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