Don’t Let This Year Be So Taxing Seminar

June 16, 2011 § Leave a comment

FREE Seminar Invitation… You’re Invited!

Jack Stuk from Mills Oakley Lawyers has been invited as the special speaker for the night. Jack has helped executives, commercial and business clients achieve their goals for over 25 years including the “Front end structuring” of many major commercial transactions. Jack is frequently called upon to share his knowledge and experience, and has been quoted in Business Review Weekly,The Age and other publications in taxation related features.

You need at attend this seminar and please bring a friend if you and he/she want to achieve any of the following:
– Protect your assets and pay less tax through negative gearing,
– Create wealth using you Self-Managed Superfund,
– Find out whether ATO is targeting your business for auditing,
– Minimise your tax through smart tax planning measures.

When: 22nd June, 2011
Where:
Berth, 45 Newquay Promenade, Docklands
Time: 6:3opm
Finger food and soft drinks will be provided during the registration
6:30pm – 7:00pm

What a great opportunity to enhance your knowledge!
RSVP to Jess by the 17th June and catch up with the JC Street Girls on the night.
Email:  jess@jcstreetrealestate.com.au

Click the following link for more information about Jack Stuk:
http://www.millsoakley.com.au/index.php/jackstukcv-menu.html

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Reserve Bank Interest Rate Announcement

March 1, 2011 § Leave a comment

It was a case of steadying the ship as expected when the Reserve Bank met today and decided to keep interest rates on hold at 4.75 per cent.

The move comes on the back of comments by the Reserve Bank Governor Glenn Stevens last month that rates would stay on hold in the near future. 

“Mortgage holders will be breathing a sigh of relief,” says Domain.com.au blogger Carolyn Boyd. “Even though today’s decision looked like a forgone conclusion, there is always an element of doubt.” 

Each 0.25 per cent interest rate rise adds another $60 to the monthly cost of an average Australian mortgage

The official interest rate is currently 4.75 per cent. Mortgage holders on variable interest rates are being charged a standard variable rate of about 7.83 per cent by their lenders

By keeping rates on hold the Reserve Bank has presented borrowers with an opportunity to beat their lenders at their own game, and pay more off their mortgages before the next rate rise, which is now expected to be quite late in the year. 

Source: Domain.com.au

Auction preview 30 and 31 October

October 29, 2010 § Leave a comment

  • Last weekend: 1,126 auctions, clearance rate of 67 per cent
  • This weekend last year: 338 auctions, clearance rate of 83 per cent
  • This weekend 2008: 176 auctions, clearance rate of 66 per cent

Comment

Unlike the past few years, the market is delivering stable and consistent outcomes. It’s also clear that conditions continue to be very favourable to buyers.

This fact was highlighted last weekend, when there were over 1,000 auctions and the proportion sold was consistent with previous weekends.

Some suburbs are defying the trend; last weekend four suburbs achieved perfect clearance rates: Collingwood, North Melbourne, Carnegie and Nunawading.

The REIV expects current strong levels of listings until Christmas and sees no evidence that the clearance rate will vary substantially from the current position.

This is a good spring to be a buyer, especially of homes being offered at auction.

Source: REIV

Docklands: Future visions

October 26, 2010 § Leave a comment

Ten years after work began in Docklands, it is home to thousands of residents and hundreds of offices, but it is still thought of as a soulless, corporate wasteland. As the precinct prepares for the next decade, can it shake off its bad reputation?

Developing and providing for this community will be the focus of the second decade of Docklands. For 10 years, private developers have dominated the transformation of the 190-hectare waterfront site, investing more than $6 billion in commercial and residential high rises and snapping up 98 per cent of all developable land. As the population is predicted to grow from 6000 to 15,000 and the number of workers to double by 2021, critics say it’s about time planning authorities shifted their attention to the needs of the people who live and work here.

Read the full article here

Nine moves key shows to Docklands

October 26, 2010 § Leave a comment

The Nine network will shoot its Melbourne-based productions from the Melbourne Docklands Studio from next year.  

Nine has signed a five-year deal to move productions including Millionaire Hot Seat, The Footy Show and the coming National IQ Test from their traditional Richmond base to Docklands’ Sound Stage Four and then Sound Stage Five in a year after it is re-fitted with motorised lighting systems, control rooms and storage facilities.

Read more…

State Government still taxing taxes

October 6, 2010 § Leave a comment

The REIV has called on both the State and Federal Governments to remove the tax on tax rort of stamp duty being levied on GST in commercial real estate transactions.

When the GST was introduced in 2000 it created an anomaly in which state property taxes – stamp duties – were being charged not just on the actual cost of the property but also on the GST paid.

REIV CEO Enzo Raimondo said “the GST is a tax on goods and services; it was not intended to be a   tax on tax.

Read more…

Reserve Bank Interest Rate Announcement

October 5, 2010 § Leave a comment

It’s good news for mortgage holders today – the Reserve Bank has opted to keep rates on hold.

Although there has been talk of rate rises in recent weeks, the RBA has adopted a wait-and-see approach for another month and left official rates at 4.5 per cent. 

“Many people were bracing themselves for bad news today,” says Domain.com.au blogger Carolyn Boyd. 

Each 0.25 per cent interest rate rise adds another $50 to the monthly cost of an average mortgage. Australian mortgage holders are already paying about $300 more per month in repayments than they were a year ago. 

Boyd says there is a chance of one or more interest rate rises before the end of the year. Mortgage holders should prepare now and start paying a little extra off their loans each week or month. 

The property market has remained steady in recent weeks and there has been a slower than usual start to the spring selling season. It is expected the property market will remain balanced through spring. 

Source: domian.com.au

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