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If you’re running a small business or self-employed, here’s something important to keep in mind: starting from 1 July, the ATO may start reporting overdue tax debts to credit reporting agencies. This can seriously affect your credit rating—and potentially your ability to get finance.

The Reserve Bank might have slashed the cash rate, but that doesn’t mean your lender has done you any favors. Many borrowers are left waiting—and paying more—while their bank decides when (or if) to pass on the savings.

LMI is typically required when you borrow more than 80% of the property’s value. Lenders see this as a higher risk, and LMI protects them against potential losses. The cost of LMI can vary significantly depending on the loan amount, deposit size, and the lender. It can range from a few thousand to tens of thousands of dollars, adding a substantial amount to your upfront costs.

Now that the election is out of the way, thought it would be useful to provide a reminder of Labor's housing policies