More unemployed and fewer jobs, but recruitment still tough
The job market has improved from an employer’s perspective, but it’s still challenging to find good staff, based on the latest data from the Australian Bureau of Statistics. In December, the unemployment rate was just 3.5%, the same as the previous month, although the number of unemployed workers edged up slightly, from 492,600 to 494,200. […]
- Author: admin
- Date: 31 January 2023
Help is available if you’re feeling mentally or financially stressed
The federal government has extended funding for two support programs for small business owners. The first program is NewAccess for Small Business Owners. This program is: The second program is the Small Business Debt Helpline. This program is: Both support programs are free and confidential. Minister for Small Business Julie Collins said the government wanted to help small […]
- Author: admin
- Date: 31 January 2023
ATO issues important guidance for businesses that use trusts
The Australian Taxation Office has responded to feedback from trustees and their advisors by issuing guidance on trust reimbursement agreements. The guidance, which relates to reimbursement agreements where section 100A of the Income Tax Assessment Act 1936 may apply, will not affect “the vast majority of small businesses operating through a trust”, according to the […]
- Author: admin
- Date: 31 January 2023
Key tips for buying, selling and borrowing in the current market
With property prices declining in many parts of the country, and many people’s borrowing capacity falling as well, this is a different market than we’ve seen in many years. So here are some important tips around buying, selling and securing finance right now. Buyers Buyers are usually the big winners in falling markets, because they […]
- Author: admin
- Date: 23 January 2023
Rents rose at record levels last year
For property investors, 2022 was one for the history books. To begin with, capital city rents increased by 14.6% for houses and 17.6% for units, according to Domain – both of which were records. Furthermore, the year ended with an unprecedented seventh consecutive quarter of house rent rises and sixth of unit rent hikes. “Just […]
- Author: admin
- Date: 23 January 2023
New vs used car: which is right for you?
New or used? It’s a question that almost all car buyers ask themselves at some point and there are arguments for each. Based on our experience, with the help of our network of car dealers and feedback from clients, we’ve put together this guide to help you make the right choice for you. New vs […]
- Author: admin
- Date: 17 January 2023
4 reasons now is a good time for first-home buyers (even with an increased cash rate)
This is the eighth month in a row we have said “The Reserve Bank of Australia (RBA) has increased the cash rate”. In its final meeting for 2022, the bank increased the rate from 2.85% to 3.1% in its ongoing bid to cool rising inflation. This is 3% higher than the start of the year, […]
- Author: admin
- Date: 6 December 2022
Interest rates likely to peak in 2023: forecast
It’s almost certain the Reserve Bank of Australia will increase the cash rate again. But what we don’t know is when or where it will peak. The RBA has raised the cash rate for seven consecutive months to November, taking it from 0.10% to 2.85%, in a bid to slow and ultimately reverse rising inflation. […]
- Author: admin
- Date: 21 November 2022
Is it cheaper to buy or rent?
Buying is cheaper than renting for houses in approximately one in seven suburbs and units in approximately one in five, according to Domain. Domain found that houses in 13.8% of suburbs around Australia were cheaper to buy than rent in September, after comparing rental prices with property prices and assuming a home loan interest rate […]
- Author: admin
- Date: 21 November 2022
6 questions to ask before investing in property
With property prices falling and interest rates rising, you might be wondering if now is a good time to buy an investment property. Ray White chief economist Nerida Conisbee said there were six questions to ask yourself as part of the decision-making process. 1. Can you get a home loan? Your ability to qualify for […]
- Author: admin
- Date: 21 November 2022
