Category: Money

COVID-19’s Impact on the Creatives Industry

Isabella Ross There is no question that COVID-19 has had a significant impact on both the current and future state of the arts industry. With news that all non-essential gatherings of more than 500 people be cancelled, the everyday Aussies who rely on such income from these gatherings will be affected. ‘I Lost My Gig’ has been recording the financial impact of event cancellations and postponements across Australia and New Zealand. Incredibly, creative industries have seen a loss in over $47 million of revenue. A loss of jobs is over 190,000 and the total number of events cancelled is...

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Controlling Finances 101

Isabella Ross With the Christmas and New Year period comes added expenditures, bills and stress. Keeping a hold of your wallet in the holiday aftermath is important for every consumer, but sometimes it can be difficult to know where to begin. Here to help are 3 simple steps you can adopt to start the New Year on the right financial track. Shop Around: Often it is the case that households are paying too much for the essentials – energy, gas and telecommunications service providers. Start by calling the company you are with to see if there are any new...

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Boosting Tax Returns

Isabella Ross It is that time of year again – tax! The coming months are known for brisk weather and the tedious task of lodging tax returns. Sydney Observer had the chance to sit down with Director of Tax Communications at H&R Block, Mark Chapman. Previously, Mark was a tax adviser for over 20 years, specialising in individual and small business tax, in both the UK and Australia. As well as operating his own private practice, Mark spent seven years as a Senior Director with the Australian Taxation Office. Mark is a Chartered Accountant, CPA and Chartered Tax Adviser...

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The Drop in Housing Market Prices

Isabella Ross Now is officially the time for renters to get into the market and search for a good deal. With rental prices at an all-time low, the property market in metropolitan Sydney has dropped by almost 10 percent in the past year. Evidently one of the biggest slides in weekly rent prices has been situated within the lower north shore. The Domain Rental Report released in late 2018 revealed median weekly rent in the area was down $100 to $1000. “Those Sydney regions that were overexposed to investors will be more prone to rental price decreases. That’s already...

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AUSTRALIAN WOMEN WORKING HARD FOR THE MONEY

Antonia Mangos Gender equality in the Australian workforce has become a central issue in recent years, with concerns such as the pay gap and gendered representation being key areas of discussion. This issue has caught the attention of the nation as there appears to be a progression of female empowerment in the Australian workforce. In light of Women’s History Month and International Women’s Day, the NSW Government released data detailing the progression of women in the workforce from 1973 to 2017. Such data reveals the increase in representation for women in a number of industries, including a 28.6 per...

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