How do interest rates affect your investments?
Interest rates are an important financial lever for world economies. They affect the cost of borrowing and the return on savings, and it makes them an integral part of the return on many investments. It can also affect the value of the currency, which has a further trickle-down effect on other investments.
So, when rates are low they can influence more business investment because it is cheaper to borrow. When rates are high or rising, economic ...
New COVID Support from Federal and NSW Government
On 13 July 2021, the Federal and NSW Governments announced extra support for NSW residents impacted by the latest Sydney lockdown. Here is a summary of the support now on offer:
Federal support - Covid-19 Disaster Payment
a payment of up to $600 per week (up from the previous $500) for individuals impacted by Covid lockdowns.
The full $600 payment is for workers who have lost more than 20 hours of work per week.
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