Posted in Economic

The federal government's JobMaker Hiring Credit stimulus package is to be available to eligible employers over 12 months from 7 October, 2020. Employers can receive up to $10,400 per new employee that has been hired to fill a new position. The key point to remember is that the position must be new, and is not applicable if the employer hires a new employee to fill an existing position in the business. Eligible employees aged 16-29 years will receive $200 per week. Eligible emplo...

Base rates of pay to increase by 3.5% The Fair Work Commission has announced an increase to minimum wages after their 2018 Annual Wage Review.  The increase applies to base rates of pay and will start on 1 July 2018. The new national minimum wage will increase to $719.20 per week (or $18.93 per hour). What to do next: Make sure your employee's details are current; Make sure your employee's are classified in their correct level of exeperience, acco...

What do you know about bitcoin? Dean has a few tips to help you understand: Bitcoin is similar to a currency (cash) and is used to pay for goods and services, usually Internet purchases; The difference is bitcoin is not regulated by any government and therefore governments don't control the supply; There is massive speculation that bitcoin will replace cash for purchases (specifically on the Internet) and this is fuelling the price; Bitcoin ...

A recent RP Data report has confirmed some of the highest residential property gains since 2007 (the year before the GFC). Following are some interesting highlights of the report: Brisbane city property increased 1.30% during the quarter - 5.40% for the year Brisbane city has an average house price of $445,000 Brisbane city's rental income return 4.50% for houses, and 5.40% for units Best performing capital city was Melbourne with +6.40% (but it'...