Winter Update; Rising Interest rates, inflation and markets, a new financial year and

Winter has arrived with a bang, and we are experiencing extremely cold weather – even in Queensland. Those who enjoy snow sports are no doubt very happy with the level of cover on the ski-fields so early in the season.

The Federal Election has come and gone, and our new government is settling into their new roles. Australians have had their say and although we may not all be
happy with the outcome, it’s fair to say there are some major challenges we all face as a nation. Greater unity and working together may be more productive right
now in tackling the big issues, instead of the inter-party bickering we often see.

High rates of inflation and the resulting recent increases in interest rates in an attempt to curb this rise will continue to put pressure on many Australian families, especially as more interest rate rises are expected. This is at a time when energy prices are also under huge upward pressure and many people are increasingly concerned about being able to afford food, electricity, and gas.

As we are nearing the financial year end, there are many things to consider and last-minute changes to make to ensure we optimise our tax savings. There are also a few changes income tax wise in the new financial year and we need to be aware of all of these too, ensuring we avoid any pitfalls but also benefiting where possible.

We all need a friend and we have given you a few suggestions on how to find new friends and why we should nurture old friendships.

Lastly, try our French Onion Soup and Cheese Toast Recipe and keep warm!