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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 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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Helping The Businesses And Candidates To Grow With The Best Recruitment Agency!

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Helping The Businesses And Candidates To Grow With The Best Recruitment Agency!

Recruiting good and well-versed candidates is a very important task for any business or company. The success of a company is based on the type of candidates it hires. It is vital for every workplace to have a strong team of potential and efficient employees that will contribute to the growth of the company. This is where a recruitment agency comes into the picture as it helps in finding the best candidates based on the company’s requirements and job profiles. A recruitment agency acts as a link between a company and a job seeker. It intermediates the relation between someone who is looking to hire and someone who is looking for employment opportunities. The basic and most important task of the recruitment agency is to find suitable candidates who fit well in the positions available in a company and help the company grow positively. Keep reading further to know about the recruitment agency that provides great opportunities and positions for recruitment.

Excellent Recruitment Opportunities By Scion Technical Staffing

Recruitment is not limited to any one particular field and recruitment agencies are in high demand in every sphere of the market world as everyone aims at having the best of the candidates. While talking about agencies that provide great recruitments, Scion Technical Staffing ranks our list of recruitment provided by IT Staff Agencies. The company swears by their tech recruiting success and credits their unwavering commitment, excellence, dedication and passion for technology as the reason behind it. As one of the best IT Staff Agencies it guarantees the best and most creative candidates that are impossible to find through any other sources. Scion enjoys its fame of earning a place in the Business Times as well as in The Forbes under the category of Best Executive Recruiting Firms in The World. Scion not only helps in choosing the right candidate but also extends its support and guidance to help you navigate through the entire recruitment process. It swears by finding and securing the best talent for you. Thus, it is no doubt that Scion Technical Staffing is indeed the best among the various IT Staff Agencies available on the web. 

Different Areas Of Recruitment Provided By The IT Recruiter

Scion Technical Staffing deals with various areas to provide the right and truly potential candidates for your company. The IT Recruiter recruits for all the US cities in areas such as Technological Leadership, Marketing, Project Management & Operations, Engineering, Data & Analytics, Creative, Web & Applications, Network, Support & Hardware, Technology Sales and Other Specialities. Thus, Scion truly justifies being the best among the various tech staffing agencies for its commitment, support and dedication in providing the best recruits. Apart from providing recruitment in the above mentioned areas, it also provides an array of specialization in areas such as Cloud Computing, Engineering, Data, IT Security and many more such technical areas which have gained quite a lot of popularity and importance in the technical world. Scion Technical Staffing is the most popular choice among the tech staffing agencies as it employs the best and connects the clients with the extremely motivated, pre-screened and highly talented tech professionals.

To Conclude

Scion Technical Staffing is the best IT Recruiter if you need extraordinary talent to hire for either contractual basis, permanent job or for executive functions. Scion is indeed a critical need for expanding organizations and corporations and ensuring their complete success as it strives to provide with the best and most efficient tech professionals which are impossible to find on the web or in any other recruitment agencies. Thus, Scion truly is a champion in the field of recruitment agencies!

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Choosing the Best Containers for Shipping

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Choosing the Best Containers for Shipping

Planning and organizing shipping is a rather complicated and time-consuming process. The greater part of business owners wants to deliver their goods as soon as possible. No wonder, they often choose the first quotes they find on the Internet. It’s not a good idea while you have to consider lots of details in order to receive our goods not only on time but also intact.

Alongside selecting the proper mode of transportation, it’s necessary to pay attention to the available types of shipping containers. There is a big misconception that it’s just enough to place your items in a standard box, and the parcel will be delivered safely and soundly. The right choice of shipping container is a key element of trouble-free transportation.
A competent and experienced freight forwarder knows for sure that peculiar cargo requires a peculiar container. No wonder, when you cooperate with professionals, you are to choose among the following variations:


●Standard sample.

The standardized sizes of the model are 20 and 40 feet. Yet, the capacity of the items can vary from operator to operator. You may order this variant if you deal with standard cargo. The content is protected against water and dirt;


● Reefer.

This variation is good for shipping cargo that requires temperature control. The most common model comes in 20 feet. Yet, it’s also possible to find 40 feet alternatives;


●Open top.

This type possesses unique characteristics. It is open at the top and covered with a tarp whenever possible. It’s extremely popular in machinery;


●Double door.

Such models have doors on both ends. The samples are very convenient. They encourage fast downloading and uploading processes;


●Pallet wide.

It’s an ideal way out if you need to transport non-standard items. This type allows keeping the cargo tight, so there is almost no chance of cargo slipping;


●Flat rack.

Delivering pipes, machinery components, or busses may be challenging unless you use this kind of tub. It has sides only on the short end of the sample;


●Side door.

This model has doors on the long side of the tub. It’s very convenient to deal with heavy items. The construction gives full access to the content;


Tanks.

They are applied when it’s necessary to transport liquids. It’s better to select models which are made of anti-corrosive materials;


Hardtop.

This variation has points through which a forklift can lift the roof;


Insulated.

This variant is often used when it comes to expedited shipping of perishable goods such as edibles.


●One-trip.

It’s about new samples. You get not only the freight but a new container. It’s possible to sell it later.

Moreover, each of the above-mentioned types may come in various sizes. It’s possible to meet the needs of any business. It’s better to prefer top-quality and reliable models to protect the content.
To sum it up, the importance of the right choice of containers should be highlighted once more time. They are a must for effective and loss-free logistics. If you can’t choose the needed options on your own, you may cooperate with leading freight forwarders. They are to provide you with the best logistics solutions no matter how complicated your order is.

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Aroundtown inclusion in S&P Europe 350 ESG Index

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Aroundtown inclusion in S&P Europe 350 ESG Index

As Germany’s largest commercial real estate company, Aroundtown already has a strong track record in terms of global capital markets. This has largely been due to the leadership & guidance provided by the strong management team.

As announced by S&P Dow Jones Indices, Aroundtown will be included in the S&P Europe 350 ESG Index, effective as of May 3rd, 2021. The S&P Europe 350 ESG Index is based on the S&P Europe 350 Index, of which Aroundtown was already a component. The S&P Europe 350 Index aims to provide a broad-based market index that is balanced between GICS industry diversification, country diversification and selects companies with high stock liquidity and free-float market cap. The ESG Index is a broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weights as the S&P Europe 350.

 For the ESG index a further selection is made which excludes companies based on certain ESG related criteria. Companies whose business activities are significantly related to thermal coal, tobacco and controversial weapons are excluded. Furthermore, companies with low United Nations Global Compact (UNGC) Scores and companies with low ESG scores in comparison to their overall industry, as determined by S&P Down Jones Indices’ subsidiary SAM, are excluded. Weight in the index is based on free-float market cap.

Aroundtown’s inclusion follows its rating by SAM in November of 2020, where Aroundtown was ranked in the 75th percentile among peers, which reflected in particular Aroundtown’s leading position in regard to the Codes of Business Conduct and Human Rights, where it is well ahead of peers.

Its inclusion in the S&P Europe 350 ESG Index is further validation of Aroundtown’s commitment to sustainability and its focus on best practices related to environmental, social and governance issues. In addition to its new inclusion, Aroundtown is already a component of other key ESG related indices, such as the DAX 50 ESG, GPR ESG+ and GPR IPCM LFFS Sustainable GRES.

Aroundtown is the largest commercial real estate company in Germany and 4th largest in Europe (based on market cap). Aroundtown invests in income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. The focus of Aroundtown’s business model is buying, repositioning, and optimizing office and hotel properties. This goes hand-in-hand with sustainability values highlighted by S&P Europe 350 ESG Index – by extracting value from existing properties, Aroundtown supports the transition to a low-carbon and resource-efficient economy.

Aroundtown was developed by by Yakir Gabay  יקיר גבאי before becoming publicly traded a decade later on the Euronext Stock Exchange, Frankfurt Stock Exchange and joined the MDAX index. Avisco (controlled by Yakir Gabay  יקיר גבאי) holds 10% of the company Aroundtown followed by Blackrock at 5%. Other shareholders include Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Aliance-Bernstein, Dekabank, State-Street, bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union-Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.

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