South Australia’s Spring property market is blooming with auction clearance rates this month at their highest level in 19 months. Data released by the Real Estate Institute of SA shows auction clearance rates last week (October 13) hit 78% – compared with 53% at the same time last year – and the strongest performance since just before the March 2018…
The Marshall Liberal Government has introduced into State Parliament its Land Tax (Miscellaneous) Amendment Bill 2019, to deliver a fairer, more equitable tax system in SA, drive increased business investment and save South Australians $70 million in land tax over three years. Treasurer Rob Lucas said the Bill confirmed the Government’s major policy intentions of reducing the overall amount of land…
The State Government has moved to correct some of the confusion, myths and falsehoods being perpetuated by its opponents about its revised land tax reforms, with many South Australians being wrongly led to believe they are going to pay more tax as a result. The Government’s Land Tax (Miscellaneous) Amendment Bill 2019 will be introduced…
Increasing numbers of South Australians are achieving the great Australian dream of home ownership, with the number of First Home Owner Grants paid so far this financial year at its highest level in five years. In the first three months (July, August and September) of 2019-20, a total of 887 individuals or couples were paid the First Home Owner Grant…
The Marshall Liberal Government has welcomed the latest Deloitte Access Business Outlook which paints a positive picture of South Australia’s economy, underpinned by strong export and commercial construction sectors and buoyed by near-record jobs growth as well as a massive surge in the number of people willing to work. In fact, the national report – released today – says SA…
Adelaide’s residential property market is a rising star and outperforming all other mainland capital cities – including Sydney, Melbourne and Brisbane – in terms of stability, according to independent analysis by national valuer Herron Todd White (HTW). The HTW national property clock for October, which rates markets based on sales activity and growth, shows Adelaide’s market is rising towards the…
South Australian business confidence has defied a national downturn and remained stable in September, according to the latest NAB Monthly Business Survey. The independent survey of 1,400 business across the country showed business confidence in SA and NSW remained unchanged last month while confidence in Victoria (-6), Queensland (-3) and Tasmania (-1) all dropped. This is in stark contrast to the…
Treasurer Rob Lucas today said the State Government rejected a Property Council proposal to impose an average new land tax bill of $1,595 on 213,000 landowners who currently don’t pay any land tax at all. This crazy proposal is included in the Property Council’s submission to the Government over proposed land tax reform proposals and…
The State Government welcomes the decision by the independent industrial umpire to order the Ambulance Employee Association (AEA) and all its members not to encourage or promote any industrial action relating to the working of overtime during October. The State Government had been advised there were concerns about the ability to provide the expected level of ambulance services on each…
The Marshall Liberal Government has successfully reached agreement with the Police Association of South Australia (PASA) for a new interim pay and conditions agreement for sworn police officers. The deal – which extends the life of the existing Enterprise Agreement to June 30, 2020 – will strengthen SAPOL’s capabilities by making more police officers available…