Businesses that fall behind on their tax and superannuation obligations could be reported to credit bureaus, the Australian Taxation Office (ATO) has warned, potentially making it harder and dearer for them to secure loans. After the ATO went easy on enforcement during the pandemic, it said it had returned to “business-as-usual debt collection”. As a … Read more
When you buy your next vehicle, there are three different ways you can get a loan. The first is through your car dealer. This can be convenient, because the dealer can sell you a car and arrange a loan at the same time. But there are a few things to consider when it comes tobig … Read more
There’s been a big increase in the number of properties being listed for sale, which should please anyone in the market for a home or investment property. Throughout Australia, the number of new listings (defined as those less than 30 days old) was 14.3% higher in September than August, according to SQM Research. That included … Read more
Depending on your perspective, rising inflation is either a threat for commercial investors or an opportunity, according to one of Australia’s leading commercial property analysts. Ray White Commercial head of research Vanessa Rader said that while commercial property has often been perceived as a good hedge against inflation, the current inflation rate of 6.1% would … Read more
The Payment Times Reporting Scheme, which aims to improve payment times for small businesses, needs to be updated to better serve the small business sector, according to an independent review of the Payment Times Reporting Act 2020. Craig Emerson, who conducted the review, said the federal government should ban unfair payment practices, increase the powers … Read more
Over the past three years, there’s been a significant increase in the number of new businesses, which may translate into increased demand for commercial property. Between the 2019-20 and 2022-23 financial years, the number of actively trading businesses in Australia rose 11.9%, from 2,314,448 to 2,589,873, according to the Australian Bureau of Statistics. Focusing just … Read more
Why Airbnb is contributing to the sharp rise in rents More property investors are renting out their homes through Airbnb and similar platforms, which is reducing the number of properties in the long-stay rental market and pushing up rents, according to a new report. The Real Estate Institute of Australia (REIA) in its ‘Short Stay … Read more
Albanese govt reforms first-home buyer program The federal government has made it easier for first-home buyers to access the First Home Super Saver Scheme. Previously, if first-home buyers wanted to use the scheme, they had just 14 days to request a release of savings after entering into a contract. That has now been extended to … Read more
Consumers snapping up cars in “unprecedented” numbers Australian car buyers have set their second consecutive monthly record. After consumers purchased 96,859 new vehicles in July – the highest number ever for July – they followed up by purchasing 109,966 new vehicles in August – a record for the month, according to the Federal Chamber of … Read more
The shift to remote working has reduced demand for office space and affected how businesses interact with their workspaces, according to Ray White Commercial Head of Research Vanessa Rader. “Some businesses look to downsize their spaces and perhaps sub-lease, while others have reconfigured the working environment to provide flexibility and collaboration, or relocated to new … Read more
