How the Federal Budget could impact your business Measures to ease cost-of-living pressures and increase economic confidence were centrepieces of an $8.6 billion spending program in the recent Federal Budget, handed down on the eve of the election campaign by Treasurer Josh Frydenberg. The big headline-grabbers were a 22.1c cut in fuel excise until September…
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First-home buyers have had a boost in the recent Federal Budget as housing affordability takes the spotlight in the upcoming election campaign. The Home Guarantee Scheme, which guarantees mortgages for first-time buyers and single parents, has been increased by 50,000 places and extended beyond its original June closure. The First Home Guarantee enables first-time buyers…
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One of the first and biggest decisions you need to make when you’re applying for a home loan is whether you want a fixed or variable interest rate. Your decision can depend on several factors, such as your financial goals, whether rates are predicted to rise or fall, and the purpose of your loan. With…
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Nobody is showing more confidence in the immediate future of property than investors. The latest data shows a 6.1% rise in the value of housing loans made to investors in January according to the Australian Bureau of Statistics (ABS). A total of $11 billion was loaned to investors – that’s a new record and the…
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The difference in the average price of a house and an apartment has never been bigger according to CoreLogic – but that situation may not last. This means that if you’ve been considering purchasing an apartment, now could be a good time to act. With three capital cities now boasting $1 million-plus average house prices,…
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There are a lot of events that have impacted Australia’s economy in 2022 – we’ve all seen the cost of living increasing, plus the uncertainty brought about by the prospect of an interest rate hike or the widespread consequences of war in Europe. However, according to Chief Economist at Ray White, Nerida Conisbee, these are…
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One of the great surprises of the pandemic has been the resilience of commercial office rentals with new data from the Property Council of Australia showing demand is increasing. While the national office vacancy rate rose from 11.9% to 12.1% during the six months to January, it was due to an increase in supply rather…
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The latest data is busting the myths that COVID-19 had destroyed the commercial property market according to the Chief Economist at Ray White, Nerida Conisbee. Nerida says fears that commercial vacancy rates would skyrocket and lease incomes nosedive had been well and truly busted with even retail and commercial office space performing better than expected,…
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Business confidence has returned to the positive levels that it was at before COVID-19 struck, according to Roy Morgan. The Roy Morgan business confidence index was 101.5 in January 2022 which compares to 101.6 in January 2020, just before the pandemic started. The performance of the index charts the highs and lows of the pandemic,…
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Consumer spending has begun to rise as pandemic restrictions ease and Australians emerge from lockdowns. The latest data from the Australian Bureau of Statistics show both sales and profits are improving as consumers become more comfortable in crowds and start to get out and about again. Business turnover increased month-on-month in 12 of the 13…
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