Tax stats reveal the state of the Australian community

Tax stats reveal the state of the Australian community

Every year, the Australian Taxation Office (ATO) compiles the tax data they collect. The recently released 2015-16 ‘tax stats’ encapsulate the data from 16 million income tax returns lodged for the 2016 income year for 13.5 million individuals, 940,000 companies, as well as superannuation funds, partnerships, and trusts. Here’s some of what they found: Highest […]

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It’s time to talk about debt

It’s time to talk about debt

Australia’s household debt is among the highest in the world and rising, thanks largely to worsening housing affordability and plentiful consumer credit. So how do we measure up and should we be worried? Most global comparisons measure total household debt as a percentage of net income. At last count, Australia’s household debt to income was […]

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A Global Sea change: 2016 Year in Review

A Global Sea change: 2016 Year in Review

A Global Sea change: 2016 Year in Review. Despite the solid gains in shares and residential property, Aussie consumers finished the year in a sober mood. If 2016 taught us anything, it was to expect the unexpected. Britain’s vote to exit the European Union and Donald Trump’s election as the next US President surprised the […]

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