Suburban Office Market Slow Down
Friday, October 11th, 2013The contraction in the Perth CBD office market, following a slowdown in the resources sector has flowed onto the fringe and suburban office market. Suburban office market throughout the Perth Metropolitan area have seen an increase in vacancy rates to almost 12% in August 2013 following the downsizing of construction and engineering firms with an increased number of offices becoming available to the market on a sublease basis. As the increase in supply of office space becomes available there is a trend for businesses to upgrade the quality of space with A-grade buildings being the least affected by vacancy, however ...
Read moreValuations for Self-Managed Superannuation Funds
Wednesday, October 2nd, 2013Asset Valuations are a key component in preparing meaningful self-managed super fund (SMSF) financial reports. These have an impact on the returns for members and ultimately self-managed super funds sector performance as a whole. The valuations are also required to confirm that your self-managed super fund has complied with relevant super law for: Preparing the financial accounts and statements of the fund; Acquiring assets between SMSF’S and related parties; Investments made and maintained on an arm’s length basis; Disposing of certain collectables and personal use assets to a related party of the fund determining the market value of a SMSF in house assets as ...
Read moreRBA Leaves Cash Rate Unchanged At 2.5%
Wednesday, October 2nd, 2013The Reserve Bank of Australia Board met yesterday and decided to leave the cash rate unchanged at 2.5% on the basis that inflation in most countries remain well contained and that commodity prices have declined from their peaks but generally remain at high levels by historical standards. RBA Governor Glenn Stevens stated “changes in the outlook for US monetary policy have increased volatility in the financial markets, but long term interest rates remain very low and there is ample funding available for credit worthy borrowers.” He also stated that “global growth is running at a bit below average this year, ...
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