Britons living in Australia should consider whether a pension transfer is right for them sooner, before interest rate hikes slam an enhanced window of opportunity shut. This is a warning from deVere Group, an independent financial advisory, asset management and fintech that has more than 80,000 expat clients and $17bn under advice globally.
As the economy continues to battle ongoing waves of COVID-19, businesses who are struggling to pay legacy debts may be left wondering what their future might look like. The Australian Tax Office encourages taxpayers to lodge their returns on time to get stimulus payments like Jobkeeper, even if the taxpayer couldn’t pay the underlying tax debt.
Alternative assets fund managers, who are currently holding more than $13tn in assets under management (AUM) — continuing the year-on-year growth since 2010 — are expected to hold $23.21tn by the end of 2026. This is according to Preqin, the global leader in alternative assets data, tools, and insights.
Inflation surges have been experienced in Australia, climbing by 3.5%, meaning that an individual may have to pay an extra $500 every month for their mortgage. With the cost of petrol and building materials increasingly soaring, Westpac, Australia's second-largest bank, is also forecasting six RBA rate rises within the next two years.
IAB Australia has released the digital advertising industry’s submission to the Government’s Privacy Act Review Discussion Paper. In its response, IAB Australia sets out the critical importance of finding the right balance between protecting individuals’ privacy and ensuring that the online interactions which have become essential to everyday lives are not halted.
SiteMinder, the world’s leading open hotel commerce platform, has today unveiled the lists of distribution channels that over the past year brought the highest booking revenue to hotels in Australia and more than 20 other of the world’s most popular tourism destinations. The list for Australia––in line with global trends––reveals a more holistic online commerce strategy, consisting of both new and established methods, is being taken by hotel businesses to reach new customers and produce revenue.
Australia and New Zealand has stated that house price growth will slow over the next year to 6% after median house prices boomed 21.9% over the year to September. Lloyd Edge, Director of Aus Property Professionals and author of Positively Geared, believes that house prices won’t decrease unless APRA intervenes and tightens the availability of credit.
The impact the pandemic has had on business travel is well documented and the changing market conditions are leading to a significant shift in the industry. Rebuilding Business Travel – Insights from global TMC leaders on the business travel industry outlook and recovery strategies for 2022, the latest report from Amadeus explores the opportunities, challenges, and growth strategies that will shape the future of business travel.
Despite a sudden increase in unemployment across many countries at the start of the COVID-19 pandemic, personal equity has proven to significantly grow across many OECD countries throughout 2020, according to new research by Compare the Market. Of the 20 countries studied, South Korea recorded the greatest positive change in household net wealth last year despite the onset effects of COVID-19. The nation saw a 19% increase, jumping from US$46,810.10 per capita in 2019 to US$55,675.78 per capita in 2020.
Despite the various challenges presented by COVID-19, the Agribusiness, Food & Beverage industry has been a resilient capital markets performer with Australian businesses achieving outstanding results in the domestic and global Mergers & Acquisitions and Initial Public Offering (IPO) markets. Grant Thornton today released its Bite Size Dealtracker 2021 taking a closer look at domestic and global trends of M&A and IPO activity for Agribusiness, Food & Beverage business from 1 July 2020 to 30 June 2021.