Tech, real estate sectors lead Australian shares higher
By Derek Rose The ASX200 has finished up 0.8 per cent, with every sector rising on the back of a tech-led rally on Wall Street. The Australian share market has finished higher, with tech and real estate climbing the most after a tech-led rally in the United States. The benchmark S&P/ASX200 index on Monday rose […]
Slow progress on inflation tempers interest rate hopes
By Poppy Johnston Australia’s annual inflation rate has sunk to a two-year low but is slightly above expectations, which might lengthen the wait time for rate cuts. Australians suffering from the prolonged cost of living crisis paid more for essential expenses such as rents, education fees, insurance and medical bills as data shows stubborn inflationary […]
Renters could save $5400 if there was a cap, Greens say
By Savannah Meacham Queensland renters could have saved $5400 in the past two years if the government had established a cap amid soaring prices and low vacancies. Queenslanders could have saved nearly $5400 over two years if a rental freeze had been introduced to prevent the impact of surging price rises, the Greens say. Rents […]
6-step end-of-year checklist for your conveyancing firm
With just a few weeks to go before the new financial year, now is the time to start working through your end-of-year checklist. An end-of-year checklist can also act as a catalyst for ensuring your books are up-to-date, the business is tidy digitally (and physically if you’ve made it into the office this year throughout […]
What we know so far about the federal budget
By Poppy Johnston The federal budget will be delivered by Treasurer Jim Chalmers on May 14 at a time when the economy is slowing and inflation is moderating but still too high. What is known about the Federal Budget. The third federal budget under the Albanese government is due to be handed down on May […]
Youth on welfare ‘pushed’ into homelessness
By Rachael Ward Many teens receiving welfare are ending up homeless as they continue to spend more than three quarters of their income on rent, a report has found. Teenagers who rely on welfare to pay rent are being pushed towards homelessness and the situation is worse now than a year ago. Analysis from Homelessness […]
Rising rents eating up low-income worker pay gains
By Poppy Johnston Both mortgage and rental affordability worsened over the March quarter based on latest ANZ and CoreLogic analysis. Low-income households are forking out more than half of their income on rent, analysis shows. Property data firm CoreLogic and ANZ bank found rents at the lower end of the market were rising faster than […]
Housing crisis to ‘get worse before it gets better’
By Poppy Johnston Tax reform, building more public housing, and lifting social support payments have all been floated as pieces of the housing affordability puzzle. Australia’s housing crisis is expected to get worse before it gets better and the federal government is facing growing pressure to do more to fix it in the May budget. […]
Build-to-rent piece of housing puzzle but no quick fix
By Poppy Johnston Homes purposefully built for renting long term could help boost rental supply in the future but the emerging model is no silver bullet nor a short term fix. It’s been a tough couple of years to be a renter. As competition for properties has intensified and rents have surged, policymakers have been […]
End of financial year checklist for your conveyancing business
Whether you’re just starting, or you’ve been running a practice for years, be prepared for your end of the financial year with these seven checklist strategies. Considering how to organise your business’ paperwork, learning what you can write off as tax deductions as a business, reviewing your costs and upcoming plans as well as reflecting […]
