Albanese govt reforms first-home buyer program
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 […]
- Author: admin
- Date: 25 September 2023
Ombudsman launches inquiry into govt tendering process
Australia’s small business ombudsman, Bruce Billson, has launched an inquiry to examine how reforms to commonwealth procurement rules have affected the small business sector. Mr Billson said many small businesses had told him they felt excluded from the chance to tender for federal government procurement contracts. “They have low awareness about procurement opportunities unless they […]
- Author: admin
- Date: 5 September 2023
The office market is experiencing a flight to quality
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 […]
- Author: admin
- Date: 5 September 2023
ATO will use big data to ensure businesses pay their fair share of tax
The Australian Taxation Office (ATO) has flagged that one of its “key focus areas” for this financial year will be to improve the tax compliance of the small business sector. As part of that focus, the ATO said it would take a digital-first approach and encourage small businesses to do likewise. This would allow the […]
- Author: admin
- Date: 5 September 2023
Best-performing commercial property in 2023
Industrial has been the standout asset class of 2023, amidst challenging times for the commercial property sector, according to one of Australia’s leading commercial property experts. Ray White Commercial Head of Research Vanessa Rader said commercial property had experienced a tough 2023, due to fast-rising interest rates and the challenge of obtaining finance. That’s led […]
- Author: admin
- Date: 5 September 2023
5 important considerations before refinancing
Following its meeting today, the Reserve Bank of Australia (RBA) chose to hold the cash rate at 4.1%. This is the third month in a row the Bank chose to hold the cash rate following positive signs in inflationary data. With the cash rate currently four percentage points higher than it was at the beginning […]
- Author: admin
- Date: 5 September 2023
Vacancy rates remain low from Brisbane to Perth, Adelaide to Darwin
Australia’s vacancy rate fell to 0.9% in July, compared to 1.0% the month before and 0.9% the year before, according to Domain. In national terms, supply and demand strongly favours property investors, although conditions differ from market to market Sydney’s vacancy rate was 1.2% in July, the same as the year before. “Annually, vacant rental listings […]
- Author: admin
- Date: 29 August 2023
How to buy a new vehicle in this booming market
Last month was the biggest July in the history of new vehicle sales, according to the Federal Chamber of Automotive Industries (FCAI). Australians took delivery of 96,859 new vehicles, which beat the previous July record (92,754), set in 2017, by 4.4%. FCAI Chief Executive Tony Weber attributed the record result to an ongoing increase in […]
- Author: admin
- Date: 29 August 2023
Why ANZ’s $4.9bn acquisition of Suncorp was rejected
Australia’s competition watchdog has refused to authorise ANZ’s acquisition of Suncorp Bank. The Australian Competition & Consumer Commission (ACCC) said it had rejected the $4.9 billion deal, which was announced in July 2022, because it might reduce competition in the banking sector. “We are not satisfied that the acquisition is not likely to substantially lessen […]
- Author: admin
- Date: 29 August 2023
How falling savings could mean Reserve Bank rate hikes may be over
One of Australia’s leading economists has forecast a positive spring selling season – in part due to a sharp decline in household savings. “With savings rates now plummeting, what does this mean for property?” Ray White Chief Economist Nerida Conisbee said. “With retail trade falling for the third straight quarter, savings rates plummeting and inflation […]
- Author: admin
- Date: 29 August 2023
