The Real Estate Institute of Queensland (REIQ) is accusing the state government of treating the property market like a “cash cow” it can milk for profit. The state government announced plans to change existing regulation that sees investors with portfolios split across various states and territories pay less land tax than those with property located…
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The ATO has released new information for individuals who need to access their superannuation early on compassionate grounds during the Christmas shutdown period. The ATO offices will close from midday Friday, 24 December 2021, reopening on Tuesday, 4 January 2022. The ATO said that for those who need a compassionate release of super determination before…
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Learn how managing the fine line between work from home and living at work is worsening sleep working. Australia has recorded some of the longest working hours among full-time employees in OECD countries over the past two decades. The direct and indirect costs of sleep deprivation in Australia are estimated at A$51 billion a year.…
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NAB has come out in support of CoreLogic’s assessment that the property market is at or near its peak. CoreLogic’s most recent Home Value Index, released this morning, suggested that the slower growth in November of 1.3% suggests that the market is close to an apex. November was the slowest month since January, and CoreLogic analyst Tim…
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Up to 15 per cent of current households would have been able to enter the property market in the 1990s but are now forced out, an economist has said. Independent economist and University of Tasmania vice-chancellor’s fellow Saul Eslake appeared before the House of Representatives tax and revenue committee for its ongoing inquiry into housing affordability last…
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According to the Australian Taxation Office, more than 600,000 taxpayers have invested in crypto assets in recent years, and many have failed to declare their capital gains. The technology that supports cryptocurrencies is relatively new, but the tax laws that apply are well established under capital gains tax provisions for cryptocurrency investors. Australia is supporting…
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Business confidence has seen a resurgence across industries in October, as NSW and Victoria reopened and companies returned to pre-pandemic trading. A newly released survey conducted by HSBC found 65% of Australian businesses are optimistic they can generate growth over the next 12 months, in line with international peers. However businesses named supply chain chaos…
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The majority of mortgage holders are already maintaining higher loan repayments than required and won’t be shaken by a climbing cash rate, according to the Reserve Bank. Reserve Bank of Australia (RBA) assistant governor (economic) Luci Ellis appeared before the House of Representatives standing committee on tax and revenue on Monday (15 November), for its…
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Interest rates are rising, but it’s the banks rather than the RBA that have moved first. Tom Uhlich of Boss Money looks at what’s driving the change – and at the implications for the property market. We haven’t seen it in years. The RBA has not raised interest rates for more than 130 months. But we all knew it…
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Prime Minister Scott Morrison has hinted that the popular tax-saving measure may return in 2022. The federal government has teased the possibility of extending its popular tax offset ahead of the next election. In a recent interview with The Herald Sun, Prime Minister Scott Morrison played coy when asked whether the current federal government would consider…
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