Dobbrick Financial Services Blog

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LOW INTEREST RATES AND WHAT IT MEANS FOR YOU

by Dobbrick Financial Services on April 4, 2017 No comments

For a record 8 months in a row, the Reserve Bank of Australia left official cash rates on hold at 1.5%.

So what does this all mean? According to a recent survey by Reuters, the decision to keep the cash rate at generational lows was no surprise to most Economists. If you are a retiree that has relied on your cash income from savings, you may have your hand forced to look for an alternative investment as your situation could be a little vulnerable.

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Dobbrick Financial ServicesLOW INTEREST RATES AND WHAT IT MEANS FOR YOU

Airbnb TAX WARNING

by Dobbrick Financial Services on March 2, 2017 No comments

A debt crackdown similar to the recent robo-recovery Centrelink debacle which sent bills to thousands of Australians is now shocking Airbnb hosts and leaving them with fines worth thousands of dollars.

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Dobbrick Financial ServicesAirbnb TAX WARNING

MARKET UPDATE – JANUARY 2017

by Dobbrick Financial Services on February 14, 2017 No comments

The Reserve Bank of Australia Board did not meet in January 2017. We currently expect the RBA to maintain interest rates at 1.5% for the duration of 2017.

The Australian dollar was stronger off the back of commodity prices over the month. The AUD ended the month up 5.02% against the USD at $US0.7570.

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Dobbrick Financial ServicesMARKET UPDATE – JANUARY 2017

THE POWER OF COMPOUND INTEREST

by Dobbrick Financial Services on February 6, 2017 No comments

One of the best ways we can teach our kids about money and money management is through pocket money. Introducing kids to a healthy savings plan from their pocket money can make a real difference to their future and give them saving skills that can last a lifetime. 

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Dobbrick Financial ServicesTHE POWER OF COMPOUND INTEREST

MARKET UPDATE – DECEMBER 2016

by Dobbrick Financial Services on January 30, 2017 No comments

 

The Reserve Bank of Australia (RBA), as widely expected, left the cash rate unchanged at 1.5% at the December 2016 Board meeting.

The Australian dollar was weaker against the strengthening USD throughout December. The AUD ended the month down 2.4% against the USD at $US0.7208. The AUD was also weaker against the other major currencies. 

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Dobbrick Financial ServicesMARKET UPDATE – DECEMBER 2016

MARKET UPDATE – NOVEMBER 2016

by Dobbrick Financial Services on December 13, 2016 No comments

The Reserve Bank of Australia met on 1 November 2016 and, as widely expected, the cash rate was held unchanged at 1.5%.

The Australian dollar was mixed against most major currencies over November. The AUD was down 2.8% against the USD to $US0.7394 and also weaker against the sterling (-4.92%), but rose against the euro (+0.53%) and yen (+5.65%). 

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Dobbrick Financial ServicesMARKET UPDATE – NOVEMBER 2016