Australia’s consumer watchdog has sounded the alarm about sophisticated bank impersonation scams that have claimed a number of peoples’ life savings. The Australian Competition and Consumer Commission (ACCC) said scammers were using new technology to trick their victims. This included: Making calls appear to come from a bank’s legitimate phone number. Sending text messages that … Read more
The Christmas holidays can be a challenging time for a business’s cash flow, because expenses can rise, income can fall and it can be hard to respond to emergencies when so many people are on leave. With that in mind, here are seven tips to help you manage your cash flow over Christmas. Do a … Read more
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
After rising steadily for more than two years, the average time that Australians have to wait to receive a new car has been trending down for six months. The average waiting time rose from 34 days in June 2020 to 159 days in August 2022 and then fell to 131 days in February 2023, according … Read more
At the Reserve Bank of Australia’s (RBA) March board meeting, it opted to raise the cash rate by 0.25 percentage points. This takes the cash rate to 3.6%, 3.5 percentage points higher than this time last year. As interest rates have increased over the last 10 months, many homeowners have been looking for ways to … Read more
There’s been no improvement in the time in which big businesses pay their small business suppliers, according to the newest data from the Payment Times Reporting Regulator. The regulator recently released its latest half-yearly report – the third in its history since the Payment Times Reporting Act 2020 was legislated – and revealed that payment … Read more
The Reserve Bank of Australia has provided businesses with mixed news in its latest series of economic forecasts out to the June 2025 quarter. On the one hand, the Reserve Bank has forecast: the economy will keep growing until June 2025. unemployment will remain low over the next three years. inflation peaked in December 2022 … Read more
With domestic travel booming and inbound tourism gradually returning to pre-pandemic levels, one of Australia’s leading commercial property experts believes investors may want to take a fresh look at accommodation assets. Ray White Commercial Head of Research Vanessa Rader said Australia enjoyed a busy summer holiday period, with both domestic and international travel sharply increasing … Read more
As of 1 February, paid family and domestic violence leave has become available to employees of businesses with more than 15 staff. This leave entitlement – which will also become available to employees of smaller businesses from 1 August – allows employees to access 10 days of paid family and domestic violence leave in a … Read more
