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l1st

Best Aussie suburbs to find a "renovator's dream"

Most of us have at one time dreamed of discovering a hidden little gem and renovating it into the most enviable house on the street. With the $25,000 HomeBuilder grant, those dreams are closer to becoming a reality for many. But where to look? Well, recent realestate.com.au data might have revealed the answer. They’ve analysed…

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l1st

You might be closer to your first home deposit than you think

You’ve probably heard the federal government is giving $25,000 grants to eligible Australians looking to build or substantially renovate their homes. Today we’ll look at what that means for first home buyers when combined with state and territory schemes. If you’ve been umming and ahhing about purchasing your first home for a while now, we…

12 0
l1st

SMEs get instant asset write-off extension, but EOFY deadline looms

Great news for small business owners: the federal government has extended the $150,000 instant asset write-off to 31 December 2020, but you’ll need to act asap if you want to make use of the scheme this financial year. A few months back, just as coronavirus was ramping up in Australia, the federal government increased the…

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l1st

So, who’s eligible for the $25,000 HomeBuilder scheme?

You might have heard that the federal government will give eligible Australians $25,000 to build or substantially renovate homes as part of the new HomeBuilder scheme. Today we’ll look at who exactly can qualify for the initiative. The $680 million program, which is part of the federal government’s economic response to the coronavirus pandemic, aims…

19 0
l1st

How the instant asset write-off applies to vehicles

Got your eye on a shiny new vehicle for your business thanks to the $150,000 instant asset write-off? We've got the answers to the FAQs many business owners are asking ahead of the looming EOFY deadline. Need a new van for that delivery service your business has started? Or perhaps your trusty old ute is…

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l1st

4 important upcoming business deadlines

Interested in a $10,000 business grant? How about buying a much-needed asset and immediately writing off the cost? Here are four looming deadlines your business may need to start moving on ASAP. We understand that navigating the challenges of COVID-19 is probably taking up your every waking hour at present (and possibly the non-waking hours,…

14 0
l1st

First home loan deposit scheme reaches capacity (for now)

The 10,000 guarantees available via the new First Home Loan Deposit Scheme have been filled or reserved, but for those who missed out there’s a second chance coming soon in July. There have been 5,500 guarantees issued under the federal government scheme, while another 4500 borrowers have guarantees reserved in the coming months. The scheme,…

19 0
l1st

Goodbye stamp duty?

The dreaded and controversial stamp duty tax could soon be a thing of the past, with calls for it to be abolished gaining momentum. The Property Council of Australia is the latest body to add their voice to the chorus this month after both the NSW and Victorian state governments ramped up calls for stamp duty…

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l1st

Relief for SMEs: tardy paying companies given final notice

Promising news for SMEs this week: supply chain financing provider Greensill has given late-paying companies formal notice that it will ditch them if they continue to extend their payment terms beyond 30 days. This is good news for SMEs because cash flow problems - which are often caused by, or exacerbated by, late payments -…

17 0
l1st

Cash rate to remain at record-low level until 2023: experts

Here’s a bit of welcome news for mortgage holders: Australia’s record-low cash rate is likely to remain in place until 2023, according to leading economic and property experts. In March, the Reserve Bank of Australia (RBA) called an emergency meeting, cutting the cash rate for a second time that month and taking it to a…

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