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News

Is it the end of the regional property boom?

It’s a question agents, buyers, and sellers alike are beginning to ponder as they emerge from what has inarguably been the absolute wildest of times. The most recent figures show that unlike Virgin Australia, the regional market still refuses to cool its jets—with demand growing to the extent that local tenants are being priced out...

Top 5 NSW suburbs that boomed since COVID

As the dust begins to settle on a turbulent two years, we’ve finally got the data to confirm what we already suspected. The property market went absolutely bonkers during what shall now be known as TCE (The COVID Era). How bonkers? 142% bonkers, to be exact. According to REA Group’s research team PropTrack, since the...

2022-23 Federal Budget

The Federal Treasurer, the Hon. Josh Frydenberg MP, has delivered the 2022 Federal Budget. We’re pleased to provide you with our 2022/23 Federal Budget Summary. Personal income tax changes Increase to low and middle income tax offset (‘LMITO’) The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year,...

Justin Hemmes is transforming a NSW town

Seemingly every suburb in Sydney has experienced the Justin Hemmes Effect (JHE) by now. Slowly but surely, since taking over the reins at Merivale over twenty years ago, Justin has been building one of Australia’s most successful hospitality empires—with close to 80 pubs, hotels, restaurants and other venues now part of its ever-growing portfolio. In...

Floods making some homes uninsurable

A collective sigh of relief could be heard across Sydney last week as an unfamiliar object appeared in the sky. For babies born 16-days-ago, it was the first time they’d seen the mass of light and heat radiating in the sky. ‘We call it the sun’, parents whispered weepily. The stats are in, and they...

ATO’s Attack on Common Trust Distributions

The ATO has announced a major crackdown on the taxation of family trusts. In a long-awaited draft ruling, the ATO has focused on common tax planning strategies involving distributions to companies and family members. This crackdown means that family groups will need to reconsider how they are using their family trust. How will the crackdown...

Director ID Numbers – REMINDER

We again take this opportunity to remind all clients about the requirement for all company directors to obtain the new Director ID number. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporations are now required to obtain a director ID. A director ID is a unique...

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