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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...

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...

Single Touch Payroll Phase 2: avoid common mistakes

Single Touch Payroll (STP) was introduced as a way for employers to send super and tax information directly to the ATO through the use of STP-enabled software solutions. STP Phase 2 is now in full swing, having commenced on 1 January 2022. It requires more detail on the amounts reported through STP; for example, salary sacrificed...

ATO target areas for tax time 2023

Tax time 2023 is fast approaching and as with previous years, the ATO has provided some insights to the areas it will be focusing on consisting of rental property deductions, work-related expenses, and capital gains tax. Specifically, the ATO will be targeting loan interest expenses, working from home deductions, and possible capital gains tax where...

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