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Important Update: New Tax on Super Balances Over $3 Million from July 2025
From 1 July 2025, the Federal Government will introduce a new tax that may affect individuals with high-value superannuation balances. Known as Division 296, this measure introduces an additional 15% tax on earnings related to super balances above $3 million. This change is designed to apply to a relatively small segment of the population and will not impact existing super tax rates for balanc...
Interest Rates Just Dropped Again — What It Means for You
Today’s announcement sees another interest rate reduction and this is the second cut since February, fantastic news for both buyers and sellers. Lower interest rates always create a shift in energy. It gives people the confidence to act. Whether you're thinking of buying your first home, upsizing, downsizing or making a move you've been holding off on — this change in the cash rate could be th...
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