Home ownership is becoming far less attainable. The great Australian dream has become an unattainable fantasy for more people, with a new report showing home ownership is becoming increasingly out of reach. Data collected by the Australian Institute of Health and Welfare shows a dramatic fall in the proportion of households with outright ownership of their residence and an increase in the percentage of renters and mortgagors. The rate of households who own their own …
Continue reading Home ownership dreams dashedAusvision News
Countdown lights to replace red man in NSW
THE familiar red flashing man is getting the flick at more than 30 intersections around NSW, in a push for pedestrian safety. HE will be replaced with yellow countdown timers, in a $1.5 million investment announced by the NSW government on Wednesday. Two Sydney intersections have been trialling the countdown lights, where pedestrians can see how many seconds remain to cross the road, and another 29 will be upgraded with the timers.”You actually see something …
Continue reading Countdown lights to replace red man in NSWHow to pay no tax on $1m
William Buck tax services director Greg Travers says it’s certainly possible for someone earning more than $1 million to reduce his or her tax bill to zero, or close to it. Debate over tax minimisation has flared after Labor’s national conference last week agreed that a future government would look at a so-called Buffett rule, which could ensure everybody with income over $300,000 paid 35¢ in the dollar in tax. The idea is to eliminate the limit the use of deductions so taxpayers cannot …
Continue reading How to pay no tax on $1mone of Australia’s fastest growing suburbs
In just a few short years Crace in Canberra went from this in January 2010. Picture: nearmap.com Source: Supplied CANBERRA’S suburb, Crace has been identified as the fasted growing suburb in Australia. The population in the suburb which sits north of Canberra, grew 57 per cent in the past financial year – the fastest level of population growth during the period. The suburb is about 13 kms from Canberra’s CBD. How the suburb had changed by May …
Continue reading one of Australia’s fastest growing suburbspublic health system is in ‘crisis’
Victorian patients could soon be handballed between hospitals that perform more work on weekends as the state government tries to overcome huge waiting lists for care that can leave people languishing for years. On Monday, Victorian Health Minister Jill Hennessy revealed the “hidden waiting list” to see a specialist doctor in a public hospital ranged from a week to more than a year depending on what sort of care a patient needs and the hospital …
Continue reading public health system is in ‘crisis’5% tax cut for small business passes
Unincorporated businesses will get a five per cent tax cut up to $1000 for the financial year after another tranche of the government’s small business package was passed by parliament. The tax cut was one of the measures announced in the 2015 budget and is part of a package that includes a $20,000 instant asset write-off for businesses with a turnover below $2 million. It also included a tax cut for small companies from 30 …
Continue reading 5% tax cut for small business passesFake flyer distributed to residents before street shut down for lavish wedding of local mayor
A fake flyer was distributed to residents in a west Sydney suburb before the street was shut down without council approval to make way for a lavish wedding of a local deputy mayor. Property developer and Auburn deputy mayor Salim Mehajer left Lidcombe locals and police seething yesterday when he summoned a fleet of four helicopters, a seaplane, and more than $50 million worth of luxury vehicles for his wedding procession, which was attended by …
Continue reading Fake flyer distributed to residents before street shut down for lavish wedding of local mayor50 dead, dozens missing in China blast
The death toll in the tragic Chinese warehouse explosion has hit at least 50, with more than 700 people injured. Two huge explosions tore through the industrial area where chemicals and gas were stored in the northeast Chinese port city of Tianjin Authorities also said they have lost contact with 36 firefighters at the scene and 12 of them have been confirmed as among the dead. They were among more than 1,000 firefighters sent to …
Continue reading 50 dead, dozens missing in China blastJames Packer quits as Crown chairman as casino profit slumps
James Packer has quit his role as casino company Crown’s chairman, but will remain on the board of the company. Mr Packer is Crown’s majority shareholder, and the company said it intends to appoint him as a senior executive director. The billionaire will also remain co-chairman of the company’s subsidiaries Melco Crown Entertainment in Asia (mainly Macau) and Alon Resort in Las Vegas. Mr Packer said that, far from reducing his focus on Crown, the …
Continue reading James Packer quits as Crown chairman as casino profit slumpsWages grow at slowest rate in at least 17 years
The Australian Bureau of Statistics said on Wednesday private sector wages, excluding bonuses, grew just 0.5 per cent in the June quarter. Private sector wages grew at their slowest rate for at least 17 years in the 12 months to the end of June, confirming a trend that many economists say has stopped the unemployment rate surging but held back consumer spending. The Australian Bureau of Statistics said on Wednesday private sector wages, excluding bonuses, grew …
Continue reading Wages grow at slowest rate in at least 17 years