Sell with Confidence
Read More
News

Finance News with Stephen Dullens

By Rachael Vrana

As expected the Victorian state budget, revealed last week, was seen as positive for both individuals and businesses with the state election to be held later this year. There was much spending dedicated to public transport, roads, health and education, with the overall budget expected to be in surplus both now and in the coming years.

Some good news for business with the Victorian state budget dropping payroll taxes from 1 July this year, albeit only by 0.05%, from 4.9% to 4.85%. Importantly, first home buyers also receive a boost, with the stamp duty concession increasing from 40% to 50%. This is a genuine saving for first home buyers and one it is important for us to have knowledge around. 

All eyes now turn to Joe Hockey, who will release the federal budget tonight. Much of this has been leaked to the media, with large savings measures expected to be implemented around pensions, other government entitlements and the size of government.

This is expected to be balanced while significant spending increases around roads and other infrastructure, as well as an increase in tax on petrol and a “debt levy” on higher income earners.   We’ll update you in full next week.

Up to Date

Latest News

  • The benefits of staging

    A great marketing campaign covers off on reach (how far the product is going) and frequency (how often a customer is reminded about that product). This coupled with presentation equates to a comprehensive approach to securing the most customers and creating a competitive environment which we all know equals premium … Read more

    Read Full Post

  • 6 ways Aussies are embracing affordable luxury at home

    If your tastes err towards caviar, but your budget is more beans on toast, you’re likely wondering how to balance your lavish preferences with your limited resources. The good news is that it’s entirely possible to make your home feel more sumptuous, even if you’re if you’re light on funds. … Read more

    Read Full Post