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Renovations booming despite cost of living presssure

Australians are showering their homes with $1 billion worth of love each month as home improvement spending ramps up. We look at the cost of popular renovations – and how to foot the bill. Belts may be tightening but not, it seems, for renovators. The latest figures from the ABS show Australians spent a whopping $1,044 million...

Sydney’s investor-owned property listings surge

High risk tolerant or low risk tolerant, rapid interest rate hikes and inflation-related financial stresses are turning both ends of the spectrum investment intolerant. Last month, investor-owned listings across Sydney surged to a record 39.8%, with more likely to follow suit in the coming months. Australia-wide, the share of investor-owned listings increased to 32.7%, its...

Small Business Lodgement Penalty Amnesty

As part of the 2023–24 Federal Budget handed down on 9 May 2023, the Government announced this lodgement penalty amnesty program for small businesses to get their tax obligations up to date. The amnesty applies to overdue income tax returns, Business Activity Statements (BAS) and FBT returns that were originally due between the period 1...

House prices in Sydney forecast to increase 6-9% in the next year

Domain’s Forecast Report for the 2023–24 financial year is here, and according to its predictions, the next twelve months looks sunny with a chance of record-breaking growth. The main take away is that Australia’s housing market will continue its redemption arc after making an unexpectedly speedy recovery from the short and sharp 2022 downturn—the steepest Sydney...

The 5 most expensive houses sold in Australia in 2023

In the midst of a cost-of-living crisis that has some of us rethinking our morning coffee routines and midway through a second year of continuous interest rate hikes, one of the most expensive Australian house sales of all time took place in Point Piper. Not to be outdone, record-breaking sales in QLD and VIC followed...

End of year tax planning

As we come to the finish line on another 30 June year end, now is the time to turn your minds to taxation considerations specific to the end of the 2023 financial year as well as the perennial issues that should not be overlooked.   Business clients   Ending of temporary full expensing measure  With...

Top Sydney suburbs driving the market rebound

Finally, a percentage hike that doesn’t correlate with a deep sigh. In May, Sydney home values rose 1.8%, marking our highest monthly gain since September 2021. Up 4.5% over three months, house and unit prices in some areas have climbed by six figures in that same period. Despite the consistent percentage increases that do correlate...

Employers to pay super at same time as wages

The government has announced that from 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages (ie payday super). The three-year lead time is to give businesses, super funds, payroll providers and other parts of the superannuation system sufficient time to prepare for the...

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