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News

Household Spending Increased

Posted on by Laze Spasevski
September was the 19th consecutive month in which household spending increased, according to the latest data from the Australian Bureau of Statistics. Australians continue to be in a spending mood, and businesses throughout the economy are benefitting. And the level of spending in September was 28.0% higher than the year before – with increases occurring in all nine categories monitored ...
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Breakdown of Property Buyers

Posted on by Laze Spasevski
Home loan activity has fallen since earlier in the year, but Australian Bureau of Statistics’ breakdown of Property Buyers shows that first-home buyers have held up better than that of other buyer groups. Between April, when national property prices peaked, and August, the most recent month for which we have data, total home loan commitments fell 13.9%, according to the Australian Bureau of Sta...
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Rents Rising

Posted on by Laze Spasevski
Rents Rising
New analysis has revealed two big reasons why rents, which are already rising steeply, are set to continue increasing. First, the number of properties listed for rent is much lower than pre-pandemic, in both capital cities and regional areas, according to PropTrack economist Angus Moore. So supply has fallen. Second, Australian Bureau of Statistics data show a significant increase in mig...
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Tax incentives For Small Businesses

Posted on by Laze Spasevski
Tax incentives For Small Businesses
  The federal government has introduced draft legislation for two tax incentives for small businesses designed to help train employees and improve their digital capacity. The Technology Investment Boost will let small businesses deduct an additional 20% of the cost incurred on business expenses and depreciating assets that support their digital adoption, such as portable payment dev...
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Property Prices Increase In The Long-Term

Posted on by Laze Spasevski
Property Prices Increase In The Long-Term
Property prices may go up or down in the short-term, but history suggests they increase in the long-term. That’s the key takeaway from a CoreLogic analysis of property prices over the 30 years to July 2022. Australia's median property price increased 382% during that 30-year period. Houses outperformed units (453% v 307%) and metro locations outperformed regional locations (409% v 294%)....
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BNPL Can Affect Your Borrowing Power

Posted on by Laze Spasevski
Are you planning on buying your own home? If you are using BNPL, it can affect your borrowing power when applying for a home loan. Australians are increasingly using credit cards and buy-now-pay-later services, which could potentially have implications when they make home loan applications. Credit card applications in the June 2022 quarter were 6.0% higher than the June 2021 quarter, accord...
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Buyers Remain Active

Posted on by Laze Spasevski
Buyers still remain active in the property market, judging by the latest home loans data from the Australian Bureau of Statistics. Borrowers signed up for $28.4 billion of new home loans in July. That was 11.3% lower than the previous year but 47.3% higher than the average over the previous 15 years. So while conditions are much more buyer-friendly than they were during the recent proper...
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Buyers Enjoying More Choice

Posted on by Laze Spasevski
more choice
Buyers are increasingly enjoying more choice, with a growing number of properties listed for sale in many parts of Australia. The number of for-sale properties across the country in July was 0.6% higher than the month before, according to PropTrack.   Even better, listings in July were 4.9% higher than the year before, which is the largest year-on-year increase since 2010. &nbs...
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Automotive Bodies to Electrify Vehicles

Posted on by Laze Spasevski
In a development that will delight many, Australia's peak national and state automotive bodies have reached agreement about how to electrify the country's fleet of cars, trucks and other vehicles. The organizations agreed to a series of principles, including: Embracing the electrification of the Australian motor vehicle fleet Maintaining the repair and efficiency of the legacy inter...
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Demand is Increasing For Office Spaces

Posted on by Laze Spasevski
Office Space
Demand is increasing for CBD office spaces. This signifies a reversal of the trend we saw emerge during the 2020 and 2021 Covid years where offices were left almost abandoned in many cities as businesses pivoted to work from home arrangements. However, when looking at the numbers they appear to be suggesting otherwise. Australia's CBD vacancy rate in the six months to July was 12.0%, com...
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