Here’s what’s making news regarding the economy, superannuation and commercial property market:
- Unemployment climbs to 4.2%
- ATO gives super warning
- Office yields rising
- Car delivery times update
The Australian Bureau of Statistics has reported a slight rise in the unemployment rate, from 4.1% in June to 4.2% in July. While the economy remains quite weak, the Reserve Bank of Australia (RBA) doesn’t believe the unemployment rate will exceed 4.4% between now and the end of 2026.
The Australian Taxation Office (ATO) has reminded businesses of the four superannuation guarantee (SG) deadlines that need to be met each financial year – 28 October, 28 January, 28 April and 28 July.
The office sector could present opportunities to businesses that want to buy their own premises and investors who want to secure a good deal, according to a leading commercial property analyst.
There's good news and bad news for companies that want to invest in a new vehicle. On the one hand, average waiting times have fallen significantly from their pandemic peak; on the other hand, waiting times are still higher than before the pandemic.