by Troy MacMillan | Mar 23, 2020 | Economy
What a difference a month makes. On 20 February, Australia’s benchmark ASX200 index closed at 7,162 – a new record high. By 19 March, it had dropped a colossal 33.7% to 4,747. The plunge dragged Australia’s share market into a bear market, which is defined as a drop...
by Troy MacMillan | Mar 13, 2020 | Budget, Economy, Family
Australia’s personal debt is among the highest in the world. Data from the OECD reveal that, if the average Australian earns $80,000 net, they are spending $169,600 per year. For many of us, paying down debt is top priority when it comes to financial health. Yet, we...
by Troy MacMillan | Mar 4, 2020 | Budget, Economy
Expatriates who own property in Australia as their main residence used to be exempt from capital gains taxes on the sale of their home. But since 12 December 2019, the main residence capital gains tax (CGT) exemption for foreign residents was officially removed. If...
