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Here’s What the Coronavirus Fear Did to Australia’s Stock Market

Here’s What the Coronavirus Fear Did to Australia’s Stock Market

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...
The Costly Mistakes of Paying Down Debt – And How to Avoid Them

The Costly Mistakes of Paying Down Debt – And How to Avoid Them

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...
Expat in Australia? New Tax Changes May Impact You

Expat in Australia? New Tax Changes May Impact You

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...

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