Adelaide’s ‘rising’ housing market outperforming other capitals: national valuer

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…

SA business confidence stable, conditions up – contrary to Property Council’s alarmist claims

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…

Government rejects Property Council’s proposed new $1,595 land tax bill for more than 200,000 ‘Mum and Dad’ investors

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…

Government welcomes decision of independent industrial umpire

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…

AEU bosses urge teachers not to write remarks on student report cards as a way of ‘taking back control’

Some students across South Australia will be bringing home end-of-term report cards without any written teacher comments about their progress and ability, attitude or areas for improvement, following an ‘outrageous and deeply offensive’ Australian Education Union directive designed to disadvantage students and parents. Union bosses from the AEU are again urging their members not provide…

‘Intolerable, unfair’ system as 22,300 property ownerships shoulder the land tax burden

Detailed analysis conducted by Treasury has now revealed that 22,300 property ownerships comprising individuals, companies and trusts in South Australia own multiple properties and are already paying land tax on aggregated land values. Put simply, this means that many South Australians have continued to invest in property even though they might be paying land tax…

Big savings for ‘mum and dad’ investors as vast majority – or 92% – to pay less land tax, as top rate slashed to 2.4%

The Marshall Liberal Government has tonight announced details of its bold land tax reform package – including an immediate slashing of SA’s top marginal tax rate from the highest in the nation at 3.7% to just 2.4% (which is the average of all mainland states) – which will benefit tens of thousands of South Australians…