21/07/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
21/07/2022
20-year comparison shows how drastically the housing market has changed
At the turn of the millennium, the median age of first-time homebuyers was 24.5 years, with mortgages generally taken out on 20-year terms. Today, the median age has risen by at least ten years and 30-year terms are commonplace.
Rent reaches a new high
The rapid increase in rental rates across Australia has many wondering – if your landlord increases your rent, how long must they wait before they can do it again?
Crypto company owes its users billions after crash
Celsius CEO and founder Alex Mashinsky said last week that its cryptocurrency lending platform Celsius Network owes its 1.7 million users billions of dollars.
Aussie creativity on full display at tax time
Australians are always looking to save money on their taxes, and some get very bold and creative with their deductions. A round-up of recent deduction attempts can be found here.
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