Category: Money

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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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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The Basics of Buying Your First House

Natalie Di Paola Buying your first house can be quite intimidating, with many not knowing where to start or what might be involved in the process. The first and most important step is to be prepared financially. Your budget will help you decide what you can and cannot afford. Also, having a deposit saved will not only help your credit worthiness, but also speed along the buying process. David Woods from LJ Hooker, Roseville used to be a broker and says that the first thing he would look at was whether the buyer had a deposit or not. “If...

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Gender Gap In Superannuation

Tina Wu The gender pay gap in superannuation may be another symptom of the overarching issue of gender inequality in the workforce and society failing to accommodate women who choose to have children. This issue is highlighted clearly with statistics revealing that the average super balance for women being $150,000 less than the average for men. “Several factors are contributing to women’s lower super balances,” says Dr Martin Fahy, CEO of the Association of Superannuation Funds of Australia. “Women take time out of the paid workforce to have children and are more likely to care for family members. “They...

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