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Showing posts with the label Australias

Welcome to Australia's hottest holiday home market

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The area has long had holiday properties, but these are on the rise. More than half of the homes, 53 percent, were uninhabited on the eve of last August’s Census, up from 46.5 percent in 2001. The population increased by 976 people to 5012 at that time – and more than 600 since 2016 – and the number of private homes counted increased by more from 1400 to 4,722 houses. Sea-changers have been drawn to Tasmanian cities such as Bicheno. Census data shows the median rent was $250 per week in August, up from $160 in 2011. The proportion of tenants putting more than 30 percent of income on rent more than quadrupled at that time, reaching 31.7 percent. Board general manager Greg Ingham is well aware of the housing shortage. He had rented a one-bedroom cabin in a caravan park with his wife since moving to the area nearly two years ago. Glamorgan-Spring Bay Council general manager Greg Ingham and mayor Robert Young. “I love living in the community I work in … and it’s th...

Australia's seven women's rugby team took a long time to reach gold

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It might be 6am on the Gold Coast, but champagne was already popping up in Levi’s household. Australian seven women’s rugby POOL B: 38th Australia Africa 0 POOL B: Australia 50 Scotland 0 POOL B: Australia 12 Fiji 19 SF: Australia 17 New Zealand 12 GOLD MEDAL GAME: Australia 22 Fiji 12 “It’s never too early to start drinking when your two daughters win Commonwealth Games gold medals,” said Maddi Levi, after she and her sister Teagan helped Australian women win seven rugby gold medals. “I believe [mum will] been there all day celebrating.” The Levis spoke with their family at home after a dominant 22-12 win over Fiji at Coventry Stadium. “They must be crying but a lot of swearing!” said Levi. “We have to stand side by side [on the dais] so a bit sentimental. We’ve achieved a Commonwealth Games medal, not many people can do that in their lives, let alone have their sister next to each other.” [ Maddi Levi had a gre...

'Australia's food sector is desperate, grossly underestimated'

“Prices at the farm level are rising, so farmers are doing their best,” he said. “The dairy losers, but as the sun sets in the west, times change, circles occur. When assets are at their worst, that’s when we are at their happiest.” The Micro Cap Activist Fund (MCAF), run by Mr Iafrate’s Melbourne-based company Armytage Private, was set up after commissioning a financial services empire to target small-medium-priced finance. The fund is one of the top return equity funds of the past three years according to Morningstar data thanks to the busy M & Activities among small financial services companies and have received 10 takeovers since 2019. The list includes Hub24’s bid for rival Xplore Wealth, Apex Group’s acquisition of Mainstream Group, 360 Capital’s deal with Evans Dixon, and Iress games for OneVue. Iafrate said he owed a fall in royal commissions, benefiting from mispricing in the market as big banks rushed out of the advice business. ...

Scary graphics reveal the full impact of Australia's cost of living crisis on grocery spending

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The reason your weekly grocery store is becoming so much more expensive has been revealed because the cost of living crisis continues to hit shoppers at the checkout. The weekly staple, which saw its biggest price increase in a year, was mentioned in the data behind this week’s announcement that inflation was at its highest level in two decades. Vegetables, fruit, breakfast cereals, breads, eggs, oil, butter and margarine all spiked in price last year according to the Australian Bureau of Statistics (ABS). Smile and hold on: The reason your weekly grocery store is getting so much more expensive has been revealed as the cost of living crisis continues to hit shoppers at checkout The opposite graph has depicted an alarming rise in the cost of basic foodstuffs, with vegetables, cereals and other household staples topping the list of sharp price increases. The ABS released its quarterly Consumer Price Index (CPI) figures – a key measure of inflation – on Wednes...

Australia's Amanda Spratt cries as women's Tour de France returns 'emotional'

Australian cyclist champion Amanda Spratt bursts into tears after crossing the line on the Champs-Élysées during the first stage of the historic women’s Tour de France. Key points: Spratt isn’t sure she’ll have the chance to ride in the women’s Tour de France event Australians Tiffany Cromwell and Nicole Frain are top-ranked Australians at 11th and 12th respectively Dutchman Lorena Wiebes wins the first stage after sprinting with former Olympic champion Marianne Vos Since 1903, men’s racing has been the pinnacle of international cycling and regularly attracts more than 1 billion spectators worldwide. Now, for the first time since 1989, the Tour de France Femmes is back, finally allowing veterans like the 34-year-old Spratt to compete. “When I got to the podium there I started to tear up a little; I think I got a little sentimental in my old age,” the 34-year-old told SBS on Sunday. “I think it just made me realize how big this moment was....

Australia's premier city where you can still buy a house for under $250k

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Homebuyers on a budget can still buy properties for under $250,000 in the suburbs just half an hour’s drive from downtown Brisbane. The Queensland capital has been Australia’s best-performing capital real estate market during the pandemic with home values ​​surging 27.4 percent in the year to June. A median home price of $892,133 would be beyond the reach of the average breadwinner looking to pay off a home without being under the pressure of a mortgage. Apartments in Brisbane usually cost $501,074, buying something near the city. But there’s still pockets in Logan, a satellite town half an hour’s drive southwest of downtown Brisbane, where the midpoint price of a single unit is at half that level. This means buyers on a tight budget, who want to also be closer to the Gold Coast, will be less affected by a spike in interest rates with borrowers already experiencing the Reserve Bank’s biggest hike since 1994. In Woodridge, 23km southwest of central Brisbane,...

REVEALED: Australia's biggest tax scam and its tricks

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Thousands of Australians have been duped for shrewd tax-related behavior with those in the building and construction sector topping the list. Aussies across the country made a total of 43,000 tip-offs to the Australian Tax Office (ATO) in the 2021-22 financial year, with businesses, customers, employees and members of the public picking up the phone to report suspected violators. Hairstyling and beauty services came second on the list, followed by cafes and restaurants, road transport, and related management advice and consulting services. More than 13,400 calls were made to ATOs in the state, followed by Victoria, 11,500, and Queensland, 9,200. While Sydneysiders are the main culprits, Australians in regional locations are also exposing their alleged local criminals. Sunshine Coast Hinterland and Cairns in Queensland, Wellington in Sydney and Wodonga and Mornington Peninsula in Victoria were among the top five regional locations for tip offs – nearly 7,000 calls came from people outsi...