In this week's Money news in human words, I talked about the personal tax soaring in Australia despite the stage three tax cuts forecast, what that means for bracket creep and how much tax we're actually paying.

The hope of the US winding back on their interest rate increases & how that's going to flow through Australia; the 200 suburbs that have fallen out of the million-dollar property club, home loan repayments with interest rates increases over the last little bit have jumped to their highest proportion of our income on the recent record, and the good news for property buyers with clearance rates increasing around the country over the last week.

This episode is perfect for anyone who wants to understand what's happening in the headlines and what it actually means for your investing.

 

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Note: The advice shared on this podcast is general in nature and does not consider your individual circumstances. The podcast exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, and TMD and obtain appropriate financial advice tailored towards your needs. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055