Cash boost for millions as indexation kicks in for Centrelink Rent Assistance, JobSeeker and other Services Australia payments

Cash boost for millions as indexation kicks in for Centrelink Rent Assistance, JobSeeker and other Services Australia payments

More than five million Australians are set to get a cash boost at the end of the week as Services Australia payments are indexed on top of additional increases to Rent Assistance payments. The indexation will be applied to a range of pensions and payments including the Age Pension, Disability Support Pension and Carer Payments, … Read more

Urgent call out to find mystery South Australian millionaire: ‘Time is running out’

Urgent call out to find mystery South Australian millionaire: ‘Time is running out’

Officials are urgently hunting a mystery millionaire after warning they have less than two weeks left to claim their winnings. The call-out is to the South Australian resident or visitor who has one of the winning $1 million Monday and Wednesday X Lotto tickets drawn on Wednesday 27 September 2023. WATCH THE VIDEO ABOVE: Time … Read more

Ottawa to expand 30-year amortizations, raise insured mortgage cap – National

Ottawa to expand 30-year amortizations, raise insured mortgage cap – National

The Liberal government on Monday announced proposed changes to the Canadian mortgage market, expanding the availability of 30-year amortizations and raising the cap on insured mortgage products. First-time homebuyers, as well as those purchasing new builds, will soon be able to take out insured mortgages with a 30-year amortization, up from the typical 25-year payback … Read more

Petrol prices plummet across Sydney in major win for motorists

Petrol prices plummet across Sydney in major win for motorists

Petrol prices have plummeted to a two-year low across Sydney in a major win for motorists and their household budgets. In an even bigger win, analysts believe fuel is likely to be cheaper for at least the next 12 months. WATCH THE VIDEO ABOVE: Sydney drivers ready for a cheap fuel frenzy. Know the news … Read more

People Are Setting Themselves on Fire and Getting Punched in the Face to Pump Their Crypto Coins

People Are Setting Themselves on Fire and Getting Punched in the Face to Pump Their Crypto Coins

The vast majority of these coins never get off the ground. Others attract early attention, then tank after the creator sells off their holdings without warning. A minority of the coins hold value over a longer period. Meme coins serve no strict purpose other than to act as a vehicle for financial speculation. Fluctuations in … Read more

Average income for each Aussie age group

Average income for each Aussie age group

Men aged 35 to 54 are Australia’s highest earners with an average salary of $103,955, according to Canstar data. Close behind are men aged 45 to 54, who bring home an average salary of $101,400. Meanwhile, women in the same age brackets take home just $83,200 and $85,800 on average respectively — or a difference … Read more

Regreen-Excel files IPO papers with Sebi; aims to raise Rs 350 crore

Regreen-Excel files IPO papers with Sebi; aims to raise Rs 350 crore

Ethanol plants manufacturer Regreen-Excel EPC India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The company’s initial share-sale comprises a fresh issue of equity shares worth Rs 350 crore and an offer-for-sale (OFS) of 1.14 crore equity shares by promoters, according to the draft … Read more

markets: How will Biosecure Act impact Indian pharma companies? Aditya Khemka explains

markets: How will Biosecure Act impact Indian pharma companies? Aditya Khemka explains

“There should be an alternate vendor that can support you, even if at higher prices or higher cost. So, I think that is where the Indian players come in. Remember, last we checked, Indian API exports were around $4 billion and that number compares to China’s API exports of roughly $40 billion,” says Aditya Khemka, … Read more

Mortgage holder survey reveals the disturbing proportion of incomes spent on Australian home loan repayments

Mortgage holder survey reveals the disturbing proportion of incomes spent on Australian home loan repayments

The widely accepted threshold for sustainable mortgage repayments is 30 per cent of the mortgage holder’s income. But a recent survey has shown an alarming number of Australians are blowing out that budgeting ratio. Two in five homeowners are paying more than 30 per cent of their wages on mortgage repayments, with almost one in … Read more

Cash boost for millions as indexation kicks in for Centrelink Rent Assistance, JobSeeker, and other Services Australia payments

Cash boost for millions as indexation kicks in for Centrelink Rent Assistance, JobSeeker, and other Services Australia payments

Millions of Australians are set to get a cash boost within weeks as Services Australia payments are indexed on top of additional increases to Rent Assistance payments also due to kick in this month. Centrelink JobSeeker recipients will also be moved to a higher rate, and receive an extra $71.20 per fortnight. The indexation will … Read more