Browse the latest news from BKM Wealth.
Australian inflation ticked up in October
Australia’s annual inflation rose to 3.8% in the year to October (up from 3.6% in September). This is the first “complete” Monthly CPI release from the ABS, which now provides a fuller picture each month. The biggest drivers were housing (+5.9%), food & non‑alcoholic beverages (+3.2%), and recreation & culture (+3.2%).…
RBA Cash Rate Announcement: November 2025
At its November meeting, the Reserve Bank of Australia (RBA) decided to keep the cash rate steady at 3.60%, a move that was widely expected but one that reflects ongoing caution in the face of persistent inflation. What Happened? The RBA board unanimously agreed to hold rates after inflation data for…
Australia’s inflation surprise and what it means for you
Yesterday’s inflation report from the ABS showed consumer prices rose 1.3% in the September quarter, pushing annual inflation to 3.2%, above the Reserve Bank of Australia’s (RBA) 2–3% target band. Economists had expected a softer result, so this was a surprise. What happened? Why it happened? Persistent price pressures in housing…
Important Update for Age Pension Recipients
From 20 September 2025, the government is increasing the deeming rates used to calculate income from financial assets for Age Pension payments in September. This change affects how much income Centrelink assumes you earn from things like savings accounts, shares, managed funds and Superannuation, even if your actual earnings are different.…
Why time is your most powerful investment tool
Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t, pays it.” As your financial advisers, we see firsthand how laying down the brickwork early can really structure your financial future. Whether you’re a young professional just beginning your career…
EOFY 2025: What Australians Should Know Before 30 June
As we approach the end of the 2024–25 financial year, it’s a crucial time to review your financial position and take advantage of opportunities that can improve your tax outcomes, boost your retirement savings, and prepare for upcoming legislative changes. Here’s what you should consider. 1. Superannuation Contributions: Types and Benefits…
How the recent Federal Election could influence your financial future
The Australian Federal Election results are in, and Australia will enter the next term with a Labor majority government, marking Prime Minister Anthony Albanese’s second term with record breaking numbers. Labor has introduced several proposals that could significantly impact your financial planning. Here are the key highlights: These proposals are still…
Retirement savings targeted in major Superannuation cyberattack
Last Friday, several major Australian superannuation funds, including AustralianSuper, Rest, HostPlus, Insignia (formally IOOF), and Australian Retirement Trust, have experienced a suspected coordinated cyberattack, resulting in the theft of hundreds of thousands of dollars from members’ retirement savings. Cybercriminals accessed accounts using stolen passwords, reportedly obtained from the dark web or…
Tariffs hit, Markets react… Is your portfolio ready?
The recent US tariff announcement has led to significant market volatility, affecting equities and bond yields. This highlights the importance of diversification and maintaining a margin of safety in your investment strategy. The new tariffs imposed by the US are a tax on imports into their country, this includes a 10%…
