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The market has seen a strong return to normality following the post election
period, with returns and clearance rates increasing significantly from the previous
8 weeks. May and June have been particularly active months, reflecting renewed
confidence and momentum in the industry. Equipment volumes are up, and buyer
activity remains healthy, indicating robust demand. This surge is being driven by
several key factors, including business consolidation, individuals selling off
assets, downsizing operations, and updating machinery fleets.
From 1 July 2025, the ATO will no longer allow tax deductions for interest charges on unpaid tax debts. This includes general interest charges (GIC) and shortfall interest charges (SIC) – a change that could significantly impact anyone with outstanding ATO liabilities.
Annual house price growth slowed, but income growth hasn’t caught up.
A better balance between demand and supply is slowly taking place across Australia.
Some further moderation in house price growth is likely in 2025.
For family-owned and small Australian businesses, making the decision to sell can be both challenging and emotional. However, the right approach can help you navigate this process while balancing emotional ties and the need for business continuity.
In Australia, seasonal businesses such as those in tourism and agriculture may face unique financial challenges due to their reliance on peak periods. While profits can soar during busy seasons, off-peak times can often lead to cash flow struggles.
Today, consumers and investors are increasingly prioritizing companies committed to sustainability. Sustainable business development goes beyond just following regulations; it’s about integrating environmental and social responsibility into your core business practices.
Digital receipts are electronic versions of traditional paper receipts, sent via email or accessible through mobile apps. Digital receipts are becoming more popular due to their convenience and efficiency, alongside the government mandated transition to e-invoicing.
AI, or artificial intelligence, involves using computers and machines to help mimic the problem-solving and decision-making capabilities of the human mind. As of May 2023, around 68% of Australian businesses had already implemented AI technologies, with an additional 23% planning to do so within the next year.
For personalised service, the very best financial products and exceptional customer service where you really matter, look no further than the professional team at Mainland Finance
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