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Westpac has cut its fixed mortgage rates as competition intensifies among Australia’s major banks, anticipating a potential Reserve Bank of Australia (RBA) rate cut next week. This move signals a shift in the lending landscape, providing borrowers with lower-cost options in a market that has been dominated by high interest rates. Westpac Leads Fixed Rate

For most high-income earners, contributing to superannuation (super) is a tax-efficient way to save for retirement. However, there are tax rules in place to ensure fairness, especially as your income rises. Under Division 293 of the Income Tax Assessment Act, high-income earners may face an additional 15% tax on their concessional (before-tax) super contributions if

As a medical professional, your main priority is delivering exceptional care to your patients. But managing a successful medical practice requires more than just medical expertise—it demands effective financial management and strategic planning. This is where specialized accountants for doctors come in. With an in-depth understanding of the unique financial challenges faced by medical professionals,

Navigating the world of investments can be both exciting and daunting, especially for young Australians just starting out. With the right guidance, even modest investments can grow into substantial returns over time. BOA & Co is here to help you understand the best investment opportunities available today, tailored specifically for the unique needs of younger

If you’re in the market for a new home loan or considering refinancing, cashback deals can offer a significant financial boost. These offers can help cover upfront costs, reduce your mortgage burden, or even fund some home improvements. However, with cashback incentives becoming scarcer, it’s more important than ever to carefully compare your options before

Variable-rate mortgage holders who are waiting for relief from the Reserve Bank of Australia (RBA) might find themselves needing to explore alternative solutions. With the RBA signaling that a rate cut is unlikely this year, homeowners with variable rates may need to be proactive in reducing their monthly payments. If you’re a homeowner looking to

Debt can be a significant hurdle on your path to achieving financial stability and reaching your goals, such as saving for a home deposit or securing a mortgage. With the recent announcement by the Federal Government providing some relief for those with student loans, it’s an opportune time to assess your overall debt situation and

Mortgage payers have been warned against complacency, despite expected welcome news around Tuesday’s all-important cash rate announcement. Economists and experts have tipped that the Reserve Bank of Australia (RBA) will hold the cash rate on Tuesday, but borrowers have been advised to prepare for potential future hikes, as the board is unlikely to rule out

Anyone with a home loan right now is likely to be feeling the pressure from the rising cost of living and will be hoping their interest rates will go down. But any changes to mortgage bills will depend on what comes out of the Reserve Bank of Australia (RBA) meeting this week. Here’s a quick