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FEDERAL BUDGET 2020: GEORGE MARKOSKI FROM POSITIVE PROPERTY WEIGHS IN ON HOW IT WILL IMPACT PROPERTY

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GEORGE MARKOSKI FROM POSITIVE PROPERTY WEIGHS

On Tuesday the Treasurer released a historic Federal Budget designed to lift the economy out of the doldrums. 

A number of job creation and wage subsidy measures in the budget should George Markoski help rapidly reduce our unemployment rate especially amongst our youngest workers who have been hit hardest during the pandemic. 

After coming within a whisker of balancing the budget at the end of 2019, the Treasurer revealed the budget deficit is now projected to blow out to $213.7 billion this financial year, or 11 percent of GDP, the biggest deficit in 75 years. The figures are eye-watering, but the Government is determined to do what it takes to keep Australians in jobs and grow our way out of recession.

While the net debt position of $1 trillion is a bit of a shock, there is no question that the government had to do something fiscally significant to kickstart our economy. 

This is a real restart of the economy. Yes, it will take 10+ years to pay it back, but with the Government borrowing at interest rates less than 1% for 10 years, if there was ever a time to borrow to not just stimulate the economy, but create valuable assets, then now is the time. 

Touted as one of the most significant Federal Budgets since the Great Depression, and the first since the economic devastation sparked by the COVID-19 pandemic, Treasurer Josh Frydenberg said the next phase of the journey is to secure Australia’s future. 

The 2020 Federal Budget includes hundreds of billions of dollars of economic stimulus measures, the likes of which we’ve never seen before.

Key highlights at a glance

Taxes

  • More than 11 million Australians will receive tax cuts with a permanent cut of $47 a week for high-income earners.
  • Middle-income earners will also receive a one-off $21 with extension of the low and middle-income tax offset into 2020-21.
  • From 2020-21, the upper limit of the 19% personal income tax bracket will rise to $45,000 and the 32.5% marginal tax rate upper threshold will lift from $90,000 to $120,000.

Jobs

  • The Morrison government will pay businesses up to $200 per week to hire young Australians as part of a $4bn budget measure that aims to reverse an increase in youth unemployment during the recession.
  • The new incentive will target firms that employ young workers who had previously been receiving Jobseeker.
  • It follows Sunday’s announcement of expanded training subsidies, with the government pledging to cover half the wages of 100,000 new apprenticeships and traineeships.

Welfare

  • The government has announced two additional economic support payments of $250 to pensioners and other eligible recipients, worth $2.6bn.
  • Extension of the Jobkeeper payment support for a further six months until 28 March 2021.
  • Extension of the coronavirus supplement until 31 December 2020 at a rate of $250 per fortnight from 25 September 2020.
  • The budget doesn’t provide any clarity about the future of Jobseeker payment rates after Christmas.

Education

  • $1bn will be injected into Australia’s university research sector.
  • Funding for 50,000 online short courses to upskill workers and unemployed Australians in teaching, health, science, information technology and agriculture.
  • $299m to provide an additional 12,000 undergraduate university places in 2021.

Small business

  • Businesses with a turnover of less than $5bn – all but the top 1% – will be able to deduct the full cost of capital assets purchased after budget night and first used or installed by 30 June 2022.
  • Small and medium businesses will also be able to apply “full expensing” to second-hand assets; businesses earning $50m to $500m will be able to do so for assets of less than $150,000.
  • Companies with turnover up to $5bn will be able to offset losses against previous profits on which tax has been paid, to generate a refund.
  • Exempting from the 47% fringe benefits tax employer-provided retraining activities to employees who are redeployed to a different role in the business.
  • $4.5bn investment in NBN Co and $29.2m to accelerate the rollout of the 5G network.

Health

  • 23,000 new packages for older Australians waiting to receive at home care, at a cost of $1.6bn.
  • $2.3bn in announced funding for investment in Covid-19 treatments and vaccines and funding for the listing of new drugs on the pharmaceutical benefits scheme, including Lynparza for women diagnosed with ovarian cancer.
  • $750m in funding for Covid-19 testing and $171m for the extended operation of up to 150 dedicated respiratory clinics to manage and diagnose Covid-19 cases.
  • $798.8m for the National Disability Insurance Agency and NDIS Quality and Safeguards Commission.
  • A targeted capital gains tax exemption for granny flat arrangements where there is a formal written agreement, applying to arrangements with older Australians or those with a disability.

Environment

  • The Morrison government’s environment and energy budgets consist largely of pre-announced items, including funding for its technology roadmap for reducing Australia’s emissions and $52m for the expansion of Australia’s gas industry.
  • Tuesday’s budget reiterated the government’s plan to fund the Australian Renewable Energy Agency (Arena) for a further 10 years from 2022 to a total of $1.4bn. Over the next four years, the agency will receive $223.9m.
  • The government is spending $50m on carbon capture and storage to fund pilot projects it claims will “dramatically cut” emissions from industrial facilities and there is $70.4m over five years for a regional hydrogen export hub.
  • The environment minister, Sussan Ley, said the government would spend $67.4m on oceans and marine ecosystems.
  • Earlier this year the government announced $25m to reduce the timeframes for approvals for major projects. Tuesday night’s budget adds an extra $12m in funding over the next two years.
  • There is $52.9m for investments in gas – announced in September – including $10.9m for planning of gas infrastructure.
  • The government will spend $249.6m over four years on waste and recycling policies, including $190m for a recycling modernisation fund for new infrastructure to sort plastic, paper, tyres and glass waste and $233.4m to upgrade facilities at national parks.

Infrastructure

  • $14bn in new and accelerated infrastructure projects over the next four years in every state and territory, including Melbourne to Brisbane inland rail and Western Sydney international (Nancy-Bird Walton) airport
  • $3bn towards shovel-ready projects to support further job creation and economic recovery, including for small scale road safety projects.

Housing

  • An additional 10,000 places in first home loan deposit scheme in 2020-21 to support the purchase of a new home or a newly built home.

Super

  • Australians will automatically keep their superannuation fund when they change employers, stopping the creation of unintended multiple accounts.
  • A new online YourSuper comparison tool will help people compare the performance of funds which will be required to meet an annual performance test.

I believe the budget will be metaphorical rocket fuel for property prices across Australia. The pandemic has upended the rule book when it comes to economic management and this budget was destined to be an outlier compared to any other in living memory.

What’s happening in the market right now?

Prior to the announcement, property experts markets were holding up much better than a lot of property experts thought they would, predicting a 30-50% drop, whereas the majority of markets didn’t get to double digits (apart from VIC and WA). 

Dwelling values were steady in numerous locations, apart from Melbourne, with the low volume of stock creating strong competition amongst buyers.

In the markets we certainly aren’t seeing any bargain prices – and that state of affairs will not change in the months ahead. That’s because one of the early indicators of future property price growth is when there is an undersupply of rental properties, which starts to force rents upwards.

I am encouraging my members to buy now before the upcoming property boom.

In the parts of the country that we’re buying in for our members, we’re competing with homebuyers and savvy investors for the best opportunities. Our members have been steadily growing their wealth, thanks to our tried and tested Markoski Method™.

These are uncertain times and with the budget ‘rocket fuel’ now underway, it’s hard to determine how long the opportunity to take advantage of the upcoming boom will last. 

How will the budget impact property prices?

This budget indicates that the Government wants our economy to rebound as quickly as possible and is obviously prepared to spend whatever is necessary to make that happen.

When it comes to the impact on property prices, I believe the budget measures will supercharge the next round of growth. Although property prices never really contracted by much, I’m confident that we’re going to see a sharp recovery.

If you want to hear more on my thoughts about the impact of the budget listen to my podcast series The Positive Property Show

At the end of the day as long as you have a sound investment strategy, thinking of the long term, you’re going to be safe no matter what the markets are doing. I haven’t got a crystal ball, neither does anyone else, and there may be a short little dip, however the prospects of long term property investing looks awesome regardless.

Educate yourself so you can take advantage of the upcoming boom. Join like minded investors who are wanting to live life on their own terms in our free Positive Property Group

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BUSINESS

The Latest Lead Generation Strategies That Companies Are Using in 2022

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The Latest Lead Generation Strategies That Companies Are Using in 2022

According to studies, 49 percent of business owners say lead generation and customer acquisition are the main focuses in their business.

The number of leads that a small business owner can generate is directly related to their revenue.

Unfortunately, most companies are not maximizing the number of leads they receive due to a lack of lead generation strategies.

But don’t worry. Keep reading to learn the latest innovative marketing strategies that you can use today to start generating more leads for your company.

1. SEO And Content Marketing

The demand for digital content has increased over the past few years and will continue doing so in 2022. This means that this is one of the most beneficial methods that you should incorporate into your strategy.

So how can you make this work for your business?

The first thing that you should do is develop a content strategy and map it out with the help of professionals.

This will allow you to identify the different tools and techniques that you need to use to increase conversions. Click here for more info about this.

Then, create blog posts and publications that will provide value for your clients.

You can also implement digital PR into your content marketing campaign because this can help improve brand awareness as well as boost traffic through SERPs (Search Engine Results Page). 

2. Paid Advertising

Another effective lead generation method is paid advertising. Paid advertising allows businesses to attract customers by promoting their products or services on various platforms such as social networking sites.

With social media networks such as Facebook and Instagram growing at a rapid rate, business owners should take advantage of the social media traffic to gain more clients.

3. Offline Lead Generation Methods

Even though online platforms continue to dominate lead generation, companies can still utilize offline strategies such as referrals to increase opportunities. This works even better if you offer exclusive deals.

You also need to pay attention to the behavior and interests of your target market so you can determine whether they would be interested in what you have to offer.

4. Event Marketing

Event marketing is perfect for generating qualified B2B leads. This is because it enables businesses to interact with their audience more personally.

Even though this is a time-consuming method, it can help companies deliver their corporate messaging and provide information about their products and services.

When choosing which events to participate in, make sure that you pick relevant ones that your target audience would attend.

5. Get Referrals From Existing Customers

One of the most important lead generation strategies is to get referrals from existing customers because if they like what you have done for them, there’s a chance that you could convince more people to invest in your business.

Allocating budgets for special promotions or incentives such as discounts or giveaways will encourage clients to refer other prospects who may be interested in buying your products and services. 

Want More Lead Generation Strategies?

While some of these lead generation strategies may be familiar to you, others may be new. It’s important to keep up with the latest trends to stay ahead of your competition in your marketing efforts.

Want more articles like this? Check out our blog!

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BUSINESS

What You Should Know Before Buying a Small SUV

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What You Should Know Before Buying a Small SUV

Cars have come a long way since they were invented in 1886. In terms of design, functionality, comfort, and performance, cars have gotten a lot better and the same really is true for most products of technology. Today, there are tons of different car manufacturers, designs, models, and types of cars to choose from. As a matter of fact, there are over 20 different types of cars, including SUVs, Crossovers, Coup, and Convertibles, that are available to consumers around the world today.

However, we’ll only be going over some important considerations when buying an SUV. But before we go into all of that, let’s briefly discuss why cars or vehicles, in general, have become a big part of our existence and everyday life. Civilization and the continuous improvement in technology have both played a big part in transforming vehicle ownership from a luxury to a necessity or need. Visit https://blog.timesunion.com/ to learn more about the importance of owning a car today.

In the past, although the earth wasn’t any smaller, cities weren’t as huge as they are today. Therefore, for the most part, they could get by on land using horses and carriages as the primary mode of transportation. But with civilization and the fast-paced advancements in technology, cities got a lot bigger, and neighborhoods grew farther apart. It wasn’t long before there arose the need for a more practical, efficient, and faster mode of transportation.

What is an SUV?

SUV is an acronym for sport utility vehicle. In the US and in other countries, SUVs are considered light trucks rather than cars. Quite frankly, this makes a lot of sense as most come with some of the off-roading capabilities typically found or associated with real trucks. The term covers a wide range of 4-wheelers that can be used off-road with a performance of a light truck.

While the term can be used to describe larger vehicles like the Chevrolet Suburban, Range Rover, and the G-Wagon, it can also apply to smaller vehicles like the Honda CRV with minimal off-roading capabilities. Today, SUVs have become incredibly popular among consumers because of their many benefits and advantages.

They are typically larger than regular cars which means they can accommodate more passengers while providing ample leg space and comfort. SUVs can cruise through terrains that regular cars won’t be able to drive through. Because they are larger vehicles, they give some level of confidence to drivers when on the road. These are just some of the many benefits that consumers who own sport utility vehicles enjoy.

Buying an SUV

Most people before getting one of these larger vehicles already know why they are getting one and not just for the justifiable hype around them. As we mentioned earlier, some consumers may choose to own one because of their larger cargo space, off-roading capabilities, rugged designs, and a host of other reasons.

If you’re thinking of buying one but are not sure if it’s the right choice for you, here are some of the things you may want to consider. Hopefully, they help you make the right choice.

Seating

One of the first things you’d want to consider when buying an SUV is seating. If you’ll be carrying an average of four people in your car frequently, an SUV might be the right choice for you. Although there are smaller cars that can accommodate four passengers, the level of comfort and leg space they provide can’t be compared to that of a sport utility vehicle.

But you don’t have to go overboard with this, especially if you’re on a budget. Less expensive SUVs like the Hyundai Kona or the 2022 Toyota RAV 4 can get the job done. But perhaps, the Jeep Renegade which some argue is the best small SUV 2022, might be the best option.

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BUSINESS

MyDepot is a service provider that delivers services related to drop shipping at low costs

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MyDepot is a service provider that delivers services related to drop shipping at low costs

Introduction

MyDepot is a service provider that delivers services related to drop shipping at low costs. It is a middle-man and connects the vendors with the drop shipping. It is a reliable service provider and remarkable for those who want to sell their goods on online platforms but are hesitant because of scammers. MyDepot offers a huge variety of products and caters to all needs related to home improvement. You can try and buy these products from a number of stores. It also hosts a number of different suppliers. The products range from sports to furniture and so forth. A good profit is provided by MyDepot and offers bargain prices to its clients.

MyDepot as a Reliable Service Provider

MyDepot is a reliable service provider and tries its best to satisfy its customers. It has high-quality service and suppliers and ensures that the customer demands are fulfilled in an effective way.

Working Process of MyDepot

For finding suppliers and products, there are numerous techniques to browse via the suppliers and products on MyDepot. There is a huge list of suppliers provided by MyDepot, which helps to find the desired supplier in an effective way. There is also a browsing catalog, which allows customizing the search. The website also provides the opportunity to search the products sorted by time, shipping fees, quantity, etc.

MyDepot offers a remarkable function for tracking your order details for the management and tracking of orders. This includes the buyer, date, order status, amount, supplier, etc. Another function offered by MyDepot is that it helps you to build your own inventory. The inventory can be formulated with those products that are appealing. The tutorial is also provided by MyDepot for using this feature in case someone is having any problem using it.

An education tab on MyDepot provides guidance for the selling and finding of the products. The education tab includes some lessons that can teach you about the aspects related to dropshipping. MyDepot delivers a list of elite sellers to its users, which displays the top thirty products from every category. MyDepot also provides a scorecard related to suppliers. Each of the suppliers is scored. This will help you easily assess the return policies, origin of shipping, rates of fulfilment, and timelines. Inventory can also be managed via catalog browsing and selecting the item. You can also publish your chosen item on the sites. Storage, postage, and packaging are handled by the suppliers. Therefore, the function of management of inventory is also provided by MyDepot in an effective way.

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