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One of the country’s leading property economists has delivered an argument for why prices for established homes are poised to enjoy significant growth. Ray White Chief Economist Nerida Conisbee said problems in the construction and rental markets would push people to buy established homes (i.e. those that aren’t brand new), which would drive up prices. … Read more
Consumers are confidently snapping up new vehicles, and while they continue to gravitate towards the biggest brands, they’re also showing increasing interest in greener vehicles. A total of 269,002 new vehicles were sold in the first three months of 2023, which was 2.5% more than the first quarter of 2022, according to the Federal Chamber … Read more
Australia’s consumer watchdog has sounded the alarm about sophisticated bank impersonation scams that have claimed a number of peoples’ life savings. The Australian Competition and Consumer Commission (ACCC) said scammers were using new technology to trick their victims. This included: Making calls appear to come from a bank’s legitimate phone number. Sending text messages that … Read more
The Christmas holidays can be a challenging time for a business’s cash flow, because expenses can rise, income can fall and it can be hard to respond to emergencies when so many people are on leave. With that in mind, here are seven tips to help you manage your cash flow over Christmas. Do a … Read more
In today’s meeting, the Reserve Bank of Australia (RBA) decided to hold the cash rate for the first time since they started rising in May 2022. The cash rate remains at 3.6%. This could provide some reprieve to households that have experienced regular hikes to their interest rates over the last 12 months. It has … Read more
Global property group CBRE has forecast a “rent-a-demic” for Australia’s industrial & logistics (I&L) sector. The main reason is that the I&L national vacancy rate is just 0.6% – the lowest in the world – which should lead to strong rental growth in most capital cities in 2023. “This is being propelled by the fact … Read more
The Australian Taxation Office (ATO) has changed how taxpayers claim deductions for costs incurred while working from home. You can choose one of two methods to claim working-from-home deductions – the fixed-rate method (which has been updated) and the actual-cost method (which has not). The revised fixed rate method applies from 1 July 2022 and … Read more
The federal government has announced plans to reduce tax breaks for Australians with superannuation balances above $3 million. Currently, earnings from super in the accumulation phase are taxed at a concessional rate of 15%. This will continue for all super accounts with balances below $3 million. However, from 1 July 2025, the concessional tax rate … Read more
With interest rates rising, it’s important to make sure your mortgage rate is still competitive – which is why so many Australians are refinancing right now. However, refinancing can be more challenging when property prices are falling, as they are in many parts of the country. That’s because your equity (or the debt-free share of … Read more
It’s been a tough few weeks for the banking industry, with US lenders Silicon Valley Bank and Signature Bank collapsing and Swiss giant Credit Suisse forced to accept a takeover offer. As a result, you might be wondering what is the likelihood of an Australian bank collapsing? And what would happen if a bank did … Read more
