Pension surge on September 20 may be clipped by asset revaluation

Many Australian pensioners will see their September pay rise cut or stopped due to asset revaluation.

Why it mattersWithout action, retirees may lose hundreds of dollars in pension they were counting on. But correct asset reporting can help recover it.

AustraliaAustralian pensioners need to review asset values and report spending to Centrelink before September 20 to protect their pension increase.

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Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.