In today’s meeting, the Reserve Bank of Australia (RBA) decided to hold the cash rate for the first time since they started rising in May 2022. The cash rate remains at 3.6%. This could provide some reprieve to households that have experienced regular hikes to their interest rates over the last 12 months. It has … Read more
Global property group CBRE has forecast a “rent-a-demic” for Australia’s industrial & logistics (I&L) sector. The main reason is that the I&L national vacancy rate is just 0.6% – the lowest in the world – which should lead to strong rental growth in most capital cities in 2023. “This is being propelled by the fact … Read more
The Australian Taxation Office (ATO) has changed how taxpayers claim deductions for costs incurred while working from home. You can choose one of two methods to claim working-from-home deductions – the fixed-rate method (which has been updated) and the actual-cost method (which has not). The revised fixed rate method applies from 1 July 2022 and … Read more
The federal government has announced plans to reduce tax breaks for Australians with superannuation balances above $3 million. Currently, earnings from super in the accumulation phase are taxed at a concessional rate of 15%. This will continue for all super accounts with balances below $3 million. However, from 1 July 2025, the concessional tax rate … Read more
