Biggest fall in new home building in 19 years. Victoria dominates regional job losses
Biggest fall in new home building in 19 years Victoria dominates regional job losses Construction work done; Regional Payrolls ¾ Construction activity: Construction work done fell by 0.7 per cent in the June quarter (consensus: -7 per cent). The value of construction work done is down by 2.2 per cent on a year ago to…
3 tax tips for Inheriting property
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Defaults delayed, not defeated
As a second wave of COVID-19 rolls around the world, both consumers and corporates remain under pressure. A flood of liquidity and prompt government action have successfully delayed many defaults, but that does not mean the default cycle is over. Having benefitted from the recent rally in credit markets, we believe it’s important to remain…
The way forward is littered with landmines
Even though markets have seemingly settled down over the last two months, investors are still faced with a difficult environment to navigate. Simon Doyle shares how in his 30 years of investing, 2020 has been one of the most difficult environments to date. I have been in markets for over 30 years, and the first…
How COVID-19 has changed the way we work
One of the many things COVID-19 has had a dramatic impact on is the way many of us work. Those fortunate enough to be able to work from home have been able to adapt to this new reality – and it certainly has been “new”. Perhaps the biggest question for both employers and employees is…
CommSed Daily Report Tuesday
Latest news The Australian sharemarket is off to its best start in a fortnight, with the ASX 200 lifting by 2.04 per cent to 6,047.2, following solid gains from US and European markets and better manufacturing data. Keep in mind that shares briefly hit fiveweek lows on Monday and slumped by 2 per cent on…
Brisbane petrol prices hit 4-month high. Record lift in inflation; Job ads rebound.
Brisbane petrol prices hit 4-month high Record lift in inflation; Job ads rebound Weekly Petrol Prices; Job advertisements; Inflation gauge Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 1.6 cents to 124.1 cents a litre last week. And the national average diesel petrol price fell…
Mistakes can lead to investing opportunities
Most people are familiar with the saying ‘Fool me once, shame on you, fool me twice, shame on me’. Although made famous more recently by George W Bush, it’s genesis is much earlier, found in a book1 dating from 1651 that cited an Italian proverb: ‘He that deceives me once, it’s his fault; but if…
Australia needs a six-month GST holiday
Treasurer Josh Frydenberg has spent billions trying to save us from recession. The winding down of JobKeeper scheduled for September means he’ll have to spend billions more. Many of the stimulus measures talked about are focused on the traditional targets of infrastructure and residential construction. But this recession is different to previous ones. It has…
