Show Notes
Every Australian capital city has just fallen at the same time for the first time in 15 years, and some of the latest housing data is getting ugly.
In this episode of The CEO Breakdown, John looks at Morgan Stanley’s forecast for a 10 to 15% national property correction, falling sales and auction clearance rates, and why he believes there are still very few signs that the bottom of the market is in.
He also breaks down Stockland’s 71% fall in buyer enquiries, the pressure hitting developers and construction businesses, and what another potential RBA rate rise could mean for borrowing capacity and property prices.
Outside housing, John looks at NAB cutting thousands of roles, rising unemployment, the growing risk of a 2027 recession, government spending and the massive cost blowout surrounding Snowy 2.0.
Plus, John reacts to the number of Australian politicians who own investment property, discusses the recent changes to negative gearing and capital gains tax, and responds to the growing pressure being felt by Australian small business owners.
The bigger question is whether Australia is simply going through a property correction, or whether the problems are starting to spread through the wider economy.
Need an accountant?
GET A FREE CONSULTATION FOR ALL ABN HOLDERS https://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzw
OUR SERVICES https://latitudeaccountants.com.au/accounting-services/
TikTok https://www.tiktok.com/@latitudeaccountants
Instagram https://www.instagram.com/latitudeaccountants/
YouTube https://www.youtube.com/@LatitudeAccountants
LinkedIn https://www.linkedin.com/company/latitude-accountants/
Facebook https://www.facebook.com/latitudeaccountants/
Website https://latitudeaccountants.com.au/
This content is general information only and does not constitute financial, tax, accounting, legal, property or business advice. Speak with a qualified adviser about your own circumstances.
#AustralianProperty #PropertyMarket #InterestRates #RBA #AustralianEconomy #Recession #HousingMarket #CEOBreakdown #LatitudeAccountants
More from The Lat Chat
ASIC MoneySmart has plenty of advice on how Australians should budget, save and manage their money. But how realistic is it when you actually try to follow it?
In this episode of The Account Rant, John Saade sits down with Bethany Parker, a national bench press champion, two time world powerlifting champion and John’s own powerlifting coach, to break down some of the most controversial techniques and rules in the sport.
Running your business through a company can be a great structure, but using that company incorrectly can create tax problems you never expected.In this video, Jacob Fahmy breaks down five of the biggest tax mistakes he sees company owners make, including treating company money like personal money, paying super late, buying vehicles through the company without considering FBT, ignoring ATO lodgements and leaving tax planning until after the financial year has ended.Jacob explains how Division 7A can apply when company money is taken personally, why unpaid super can create additional costs and director consequences, and why putting a car through the company does not automatically make it a good tax strategy.He also explains why lodging your BAS on time matters even when the company cannot immediately pay the debt, and why proper tax planning needs to happen before 30 June while there are still decisions available to you.The key takeaway is simple: having a company does not automatically mean you have a good tax structure. You still need to understand how money comes out of the company, when your obligations are due and the tax consequences of the decisions you make.Need an accountant?GET A FREE CONSULTATION FOR ALL ABN HOLDERShttps://forms.zohopublic.com/john205/form/GENERALENQUIRYFORM/formperma/VYEBrsCV_ompEVvnkA0eygWlJxXO5OajFsjjngf_jzwOUR SERVICEShttps://latitudeaccountants.com.au/accounting-services/[email protected]://www.tiktok.com/@latitudeaccountantsInstagramhttps://www.instagram.com/latitudeaccountants/YouTubehttps://www.youtube.com/@LatitudeAccountantsLinkedInhttps://www.linkedin.com/company/latitude-accountants/Facebookhttps://www.facebook.com/latitudeaccountants/Websitehttps://latitudeaccountants.com.au/This content is general information only and does not constitute financial, tax, accounting, legal, property or business advice. Speak with a qualified adviser about your own circumstances.#CompanyTax #Division7A #FBT #ATO #BusinessTax #TaxTips #Accountant #LatitudeAccountantsChapters00:00 5 Company Tax Mistakes00:42 Mistake 1: Treating Company Money as Your Own03:02 Mistake 2: Paying Super Late04:52 Mistake 3: Putting Your Car in the Company07:12 Mistake 4: Ignoring ATO Lodgements09:00 Mistake 5: Not Tax Planning10:49 How to Avoid These Tax Problems11:38 What’s Coming Next
Sydney’s property downturn is showing more signs of stress, with auction clearance rates falling sharply, sellers discounting, borrowing capacity tightening and unemployment moving higher.
In this episode of The Account Rant, John Saade and Catarina Santini break down where the money actually goes when a business is profitable on paper but the cash seems to have disappeared.