Australia’s unemployment rate ticked up to 4.6 per cent in September as a further 138,000 jobs were lost due to lockdowns in NSW, Victoria and the ACT.
EMPLOYMENT
Australia's employment is strong, but not to the Kiwi level, and set to be held back further by extended lockdowns, meaning different interest rate outlooks.
Australia’s economic downturn appears to be going from bad to worse as virus lockdowns in the nation’s biggest states become broader.
The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 4.4 per cent in August to an 11-month low.
The rental property affordability crisis is hurting the people we’re relying on the most.
Reserve Bank governor Philip Lowe will have another opportunity to explain the central bank’s policy intentions during a speech on the labour market.
Essential workers are being pushed to the edge of the city fringes due to a lack of affordable housing, a new report has found.
Construction company Pindan group has gone into external administration, potentially leaving hundreds of subcontractors thousands of dollars out of pocket.
With the economic recovery continuing to unfold, firms are looking to ramp up their investment, and with it, they are looking for more staff.
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South East Queensland’s unprecedented sales swell continues to attract interstate developers and underpin major projects, with ID_LAND, Little Projects, Sammut Group, Azzura Corporation and Pikos Property making big progress on more than $800 million worth of new developments in recent weeks.
Property price records are tumbling across Victoria, with more than 170 suburbs in Melbourne laying claim to a median house price of $1 million or more, while several key regional locations have also breached the seven-figure barrier.
New lending restrictions will affect different parts of the property market more than others - dig into the details and find out what the changes mean for first homebuyers, investors and trade-up buyers.
Australians downsizing to luxury apartments are driving a rapid rise in prestige property values, with sales of apartments worth $10 million or more in the first half of the year running at nearly eight times more than the 10-year average.
Pent up demand from Sydney buyers emerging from lockdown and Melbourne purchasers likely to soon follow is expected to result in a resumption of the big price gains recorded in the first half of 2021, with both cities remaining in a state of housing undersupply.
Victoria’s state government has made a range of changes to its Windfall Gains Tax prior to it being introduced to Parliament, but industry groups say the move is the “wrong tax at the wrong time” that will have a big negative impact on housing affordability.
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Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
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The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …
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