Category: Wealth Management

RBA Interest Rate Announcement 2nd August 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return […]

Quarterly economic update: April – June 2022

Our latest quarterly economic update covers our domestic economy, including inflationary fears, rising cost of living prices, the recent basic wage increase, and the slowing of the property market. Cryptocurrency is also discussed. The inflation story The price of a lowly head of lettuce has never been a recognised barometer of the strength of the […]

Interest Rates 101

How (and why) does the Reserve Bank control interest rates, and what does it mean for your home loan, bank deposits and other investments? While we understand banks charge interest on their home loans, exactly what determines the rate? Following recent rate rises, should we be worried that interest rates will spike even higher in […]

Super explained: catch-up contributions

We’ve all heard that super is a tax-advantaged structure for retirement savings, and more people are realising that “catch-up contributions” are available – but what exactly does that mean? But first – why contribute more to super? Superannuation does impose restrictions on access to your money. It is, after all, intended to provide for your […]

RBA Interest Rate Announcement 5th July 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Inflation is forecast to peak later this year and […]

RBA Interest Rate Announcement 7th June 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased significantly. While inflation is […]

RBA Interest Rate Announcement 3rd May 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 25 basis points to 35 basis points. The Board judged that now was the right time to begin withdrawing some of the extraordinary monetary support that was put in place to help the Australian […]

Quarterly economic update: January – March 2022

Robust domestic economic growth Australia is rebounding from the pandemic, with domestic economic growth forecast to reach 3.5 per cent this financial year. Some analysts predict it might be even stronger, possibly reaching as high as 4 per cent. Driven by Government spending Much of this is due to the lingering impact of the Federal […]

RBA Interest Rate Announcement 5th April 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The Australian economy remains resilient and spending is picking up following the Omicron setback. The strength of the Australian economy is […]

2022 Federal Budget

Tuesday night’s pre-election Federal Budget contained a variety of spending and support initiatives aimed at low and middle income earners, families and businesses. There were very few changes to superannuation, but a number of taxation and related measures. Please note that these proposals are not yet legislated, and as always, the team at AGS Financial […]

RBA Interest Rate Announcement 1st March 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The global economy is continuing to recover from the pandemic. However, the war in Ukraine is a major new […]

RBA Interest Rate Announcement 1st February 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, much like other central banks overseas, with […]

RBA Interest Rate Announcement 7th December 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The Australian economy is recovering from the setback caused by the Delta outbreak. High rates of vaccination and substantial […]

RBA Interest Rate Announcement 2nd November 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The Australian economy is recovering after the interruption caused by the Delta outbreak. Inflation has picked up, but in […]

Foundations of a Wealthy Lifestyle

A study conducted by the Australian Stock Exchange reported an increasing number of younger “Next Generation” investors, with the average age of current investors being 46, and “intending investors” being 34. These younger Australians were found to be knowledge seekers, keen to take on life and begin their journey towards financial security. If this describes […]