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Official Interest Rates Cut to 4.25% (2/12/2008)
The Reserve Bank of Australia (RBA) has slashed interest rates yet again, this time by a full percentage point. The fourth consecutive drop takes the official interest rate from 5.25 to 4.25 percent.
Australian government announces $10.4b package to safeguard economy
Prime Minister Kevin Rudd and Treasurer Wayne Swan this morning announced a $10.4 billion "economic security strategy" which includes additional support for pensioners, a ramp up in the first home buyers grant scheme, more training places and an acceleration of the Government's infrastructure plans.
Financial Planning Calculators
We have new calculators which are available for your use, please click on the appropriate link and contact us if you would like to discuss your financial planning possibilities with one of our advisers.
Free Guide for Homebuyers!
ONLY 10 COPIES REMAINING! If you're looking to buy a new home, Boutique Finance can help make the process easier with the "Your HOME Your Mortgage" book. Contact us now for your copy.
2008 Federal Budget
The 2008 Federal Budget, the first Federal Labor Government budget in 13 years, has benefited from tax revenues created by the global resources boom. The Government has handed down a larger than expected $21.7 billion surplus for 2008/09, representing a significant 1.8 per cent of GDP.
Borrowing In Super
New legislation allows for borrowing in superannuation, which was previously disallowed. Borrowing in super provides significant opportunities to leverage your super fund investments.
State Budget - Some Tax Relief
The 2008/09 State Budget provides tax cuts of $1.2 billion over the next four years, stamp duty concessions on property purchases, and land tax relief.
Interest Rates Unchanged
The Reserve Bank met Tuesday the 6th of May and has decided to leave interest rates unchanged. The current cash rate is 7.25%.
Damien Rousset joins Boutique
Damien Rousset joined us recently as an Associate Adviser. He will be assisting Advisers with all facets of their clients financial planning strategies, needs and objectives.
Boutique Finance Group Pty Ltd - Introducing Shane Will
With the retirement of Denice Kilpatrick, Integral Mortgage Solutions (IMS), Boutique Wealth Management Group established a new mortgage and finance broking entity called Boutique Finance Group.