The start of the cold season has brought through monumental changes to the housing market in New South Wales, as Premier Gladys Berejiklian announced a housing affordability package on June 1, to be implemented at the start of the 2017/18 financial year. The reforms will include the abolishing of stamp duty surcharges on first home […]
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Easing of Sydney’s lockout law provides relief for CBD Businesses
Posted date: December 9th 2016 . Author AdminSydney .
Thursday’s announcement by New South Wales’ Premier Mike Baird to soften its lockout laws may be seen as a relief for business operators in and around Sydney’s CBD and Kings Cross. The state government’s response to the easing of these laws, as recommended by an independent liquor law review, is the extension of the 1:30am […]
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GDP contracts for the first time in five years
Posted date: December 8th 2016 . Author AdminSydney .
Australia’s growth figures were released yesterday, with the revelation that the economy contracted by 0.5 per cent, in seasonally adjusted terms, over the September quarter. As a result, annual growth figures for the June quarter had also been revised down from the previous 3.1 per cent to 1.8 per cent. September’s figure is not only […]
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Commercial Building Disclosure Program updates
Posted date: June 28th 2016 . Author AdminSydney .
The Australian government this week announced important changes to the Commercial Building Disclosure Program (CBD). From the 01 July 2017, the mandatory disclosure threshold on commercial office buildings will reduce from 2000 square metres to 1000 square metres. This means that if you plan on selling a commercial property or have any tenancies coming up […]
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Australian housing bubble
Posted date: June 16th 2016 . Author AdminSydney .
There has been an ongoing debate in Australia as to whether the housing market is significantly overvalued and is due for a significant downturn or as some might put it ‘correction’. Reports from the Organisation for Economic and Cooperation Development (OECD) has warned that the Australian housing market bubble is about to burst. The OECD […]
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