APRA has announced its first formal debt-to-income (DTI) limit, marking a significant shift in how banks assess and manage mortgage risk. While this applies to all borrowers, the implications for medical professionals—especially IMGs, registrars, GPs and practice owners—are distinct and worth understanding early.
If you’re running a small business and decide to sell it – or dispose of some of its assets – the Capital Gains Tax (CGT) retirement exemption can be a game-changer. This concession can significantly reduce, or even eliminate, the tax payable on the capital gain.
If you’re looking for ways to give your children a boost in saving for their first home, the First Home Super Saver Scheme (FHSSS) is a smart option to consider. It’s a tax-effective strategy that allows young people to grow their deposit faster, provided they meet the eligibility criteria and have never owned property before.
