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 […]
5 ways your conveyancing firm can reduce overheads
Whether you run a big or a small firm, expenses are something a business owner is always looking to cut. Before you consider downsizing the business, lawyers and conveyancers should first consider how to reduce overheads outside of staff. Taking the time to review your current processes can yield surprising results when it comes to expenses. Reducing them isn’t easy, it […]
4 small business challenges and how to overcome them
Running or starting a small business in today’s climate certainly presents its challenges. So, we’ve outlined the four most prevalent challenges in the conveyancing industry that small businesses face every day, and how to overcome them. 1. Reluctant Business Progression One of the biggest challenges in the growth stage of business owners is getting stuck in their comfort zone. Perhaps your practice has used the same […]
Public transport fails to keep up with apartment boom
By Rachael Ward There are calls for a bigger focus on public transport during residential planning processes as Melbourne’s apartment boom outstripped the number of services. Public transport services in greater Melbourne have not kept up with the city’s apartment boom, prompting calls for a bigger emphasis on transport during planning. The number of apartments […]
Higher taxes on foreigners pitched to free up homes
By Samantha Lock Overseas buyers could face higher state taxes to buy property in NSW as the government looks for ways to free up homes for local residents. Foreign buyers could be slugged with higher taxes for buying existing NSW homes as the government looks for ways to address the housing crisis. NSW Treasurer Daniel […]
