An upwards move by the RBA as regards interest rate was anticipated, given soaring inflation. But the timing and magnitude of the lift are likely to be regarded as controversial, given the looming Federal election; not to mention that housing growth may take a hit. This article explains it.

How well off you are depends on who you are. In a study prepared for Australian National University’s Tax and Transfer Policy Institute, Peter Abelson, an economist, provide answers for nine dimensions of well-being as they affect the lives of Australia’s Millennials, Gen-Xers, and Baby Boomers.

Continuing from last month's first installment, Chief Economist for AMP, Dr. Shane Oliver, presents the second batch of what he calls 'the five great charts on investing that are very useful in times of uncertainty like the present.' Check the first batch of charts in our last month's issue.

The AUD fell against the USD once again, and Aussie households are going to take the hit. The lower the dollar falls, the more upwards pressure it will put on inflation and the cost of living. That's because the dollar in your pocket doesn't go as far when you're buying something made overseas.

The Coalition and Labor parties have each produced election policies designed to help low and middle-income earners buy homes. Who is likely to benefit from them and who is likely to suffer is far from obvious. But broadly speaking, both parties’ schemes will hurt buyers and renters. Here’s why.

If you tend not to think about your taxes until they’re already due, you could be causing yourself the unnecessary hassle and may even be missing out on opportunities to boost your refund. The EOFY is still a couple of months away, but you can take action now to help maximise your tax return.