Lowest-paid workers score raise of up to 8.6%
Employers will have to pay higher wages to workers on award wages and the National Minimum Wage (NMW), following a review by the Fair Work Commission. As of 1 July 2023, award wages will increase by 5.75%, while the NMW – which applies to employees who aren’t covered by an award or registered agreement – […]
- Author: admin
- Date: 3 July 2023
Property investors enjoying rising rents and yields
Australia is currently a landlord’s market, with rental conditions favouring investors over tenants in many parts of the country. That’s explained by the very low vacancy rate (i.e. the share of vacant properties), which fell from 1.5% to 1.2% between May 2022 and May 2023, according to CoreLogic. Investors in much of Australia are enjoying […]
- Author: admin
- Date: 26 June 2023
Govt housing incentive reaches milestone
The federal government’s Home Guarantee Scheme (HGS) has now helped 100,000 people buy or build their own home since being launched in 2020. The National Housing Finance and Investment Corporation, which administers the HGS, said 34% of the 100,000 people who’d been supported had been regional Australians, while 20% had been key workers such as […]
- Author: admin
- Date: 26 June 2023
Days on market poised to fall: leading property economist
One of the most crucial property indicators is days on market, or the average time it takes properties to sell, and the way this indicator has bounced around over the past year reflects the ups and downs of the housing market. As noted by Ray White Group Chief Economist Nerida Conisbee, days on market across […]
- Author: admin
- Date: 26 June 2023
Office tenants pushing for more EV infrastructure
Australia needs to increase its electric vehicle (EV) charging stock to prepare for an expected influx of EVs in coming years, according to new research from property group CBRE. To gauge infrastructure readiness, CBRE conducted a stocktake of EV charging stations in Sydney, Melbourne, Brisbane and Perth by analysing: CBRE found an EV charging station […]
- Author: admin
- Date: 26 June 2023
5 reasons you may be able to get a lower interest rate
This afternoon the Reserve Bank of Australia (RBA) chose to move the cash rate to 4.10%. With the cash rate increasing by 4 percentage points since the start of 2022, many households have felt the pinch of rising interest rates. On top of that, many fixed-rate loans are due to expire in the second half […]
- Author: admin
- Date: 6 June 2023
Social media platforms slammed for anti-competitive behaviour
Small businesses are suffering harm from Facebook, LinkedIn and other social media platforms, according to a new report from the Australian Competition & Consumer Commission (ACCC). The report, which examined how consumers and businesses interact with social media services, found evidence of: ACCC Chair Gina Cass-Gottlieb said the consumer watchdog was concerned about the level […]
- Author: admin
- Date: 30 May 2023
How to protect yourself from scams and identity theft
Scamwatch has urged businesses and consumers to be on the lookout for increased scam activity and to take steps to protect themselves. Criminals use data breaches, such as the 2022 Optus data breach, to target people through phishing emails, phone calls, and SMS or social media messages, according to Scamwatch. To protect yourself, don’t click […]
- Author: admin
- Date: 30 May 2023
What the federal budget means for small business
The federal government delivered a range of small business-friendly programs and incentives in its recent budget. Under the Energy Bill Relief Fund, eligible small businesses will receive up to $650 in electricity bill relief. Under the Small Business Energy Incentive, businesses with aggregated annual turnover of less than $50 million will be able to deduct […]
- Author: admin
- Date: 30 May 2023
Top 10 commercial property asset types revealed
Commercial vendors and buyers have become more cautious as interest rates have been rising. Nevertheless, there were still more than $17 billion worth of sub-$5 million transactions conducted during the year to May 2023, according to Ray White Commercial Head of Research Vanessa Rader. The asset types that attracted the most activity were: The top […]
- Author: admin
- Date: 30 May 2023
