Category Archives: Business

Unsustainable High Housing Prices May Put Australia’s Economy “At The Precipice”

Online retailers like NRL merchandise in Australia enjoy more benefits than their counterparts who prefer to maintain a physical store. Online stores avoid the need to invest in property because they only need a website and bit of storage space for the products they are offering. They do not have to hire salespersons because the task can be efficiently performed by an online customer service.

According to a warning from Industry Super Australia, a peak body for industry super funds, unsustainable high property prices may put the economy of Australia “at the precipice” of a once-in-a-century if global borrowing costs will increase by more than 150 points. In Melbourne and Sydney, the housing prices have risen to almost 7 times the average weekly earnings last year. This is more than 4 times the housing prices in 2000. While real bond yields, the proxy for lending costs, have more than halved, the highly indebted homeowners will still suffer.

ISA’s chief economist Stephen Anthony told The Australian Financial Review that in 2000, housing prices have gone ballistic to a point that it seems unsustainable. With the rapid increase in borrowing costs that banks face through the global markets, highly exposed homeowners will be in trouble. What is happening right now is like the long-term US rates which have risen this year by 40bp since Christmas.

Figures that track the ratio of Australia’s dwelling prices to earning since 1880 wherein the ratio was just over three, add concerns that there might be a possible hard landing in the hyper-charged property market. According to Mr. Anthony, housing prices in Melbourne and Sydney are facing a near one-in-five risk of price correction because the increase is faster than wages in other cities. Only a few triggers re needed to set off a correction in housing prices. This is once-in-a-lifetime event that has not happened in Melbourne since the population boom in 1880.

Because of the savings generated by online stores from rentals and staff hiring, they are able to offer NRL merchandise in Australia for a more affordable price. If you are going to shop for your favourite NRL team’s clothing, opt to do so online because it is definitely more convenient.

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Restaurant Fitouts For Huge Establishments

Designing a huge restaurant is not an easy feat because there are many things that have to be considered. There competition in the restaurant industry is quite high and your business should stand out in order to have a high traffic of customers. One factor that could positively impact the traffic is the interior fitout design. This has been proven in restaurant fitouts in Canberra where the design makes or breaks the business.

The first thing that should be considered is the layout. The main goal of an ideal layout is to make sure there is enough space for the customers as well as the employees working. There should be a smooth flow inside the restaurant. To make sure that your layout is perfect for the space you have, hire a professional interior fitout designer in your area. A well-designed space will ensure that your employees will be able to move quickly thus providing the best service to the customers. Layout means deciding where the chairs and tables should be and where to place the billing counter.

The next major thing you have to decide is the restaurant’s theme. Success lies in combining unique features with standard themes that will give the customers a feeling of familiarity while feeling in awe of new things. The most preferred cuisines nowadays are Indian, Italian, Western and Asian. Your cuisine should reflect the theme inside your restaurant.

The concept of your restaurant should be consistent with the decorations you have or planning to buy. The decors should complement the overall design in order to improve its appearance and vibe. Hanging objects are the best way to decorate a wall. It can even reflect the owner’s preference.

Choose paint colours that will improve the mood and vibe inside the restaurant. Try combining a mixture of modern furniture with vintage ones. For a designer look, go with a classic wine bar with a remarkable artwork. Make sure to take into consideration the lifestyle as well as character of you target customers to make them feel at home. To help you with planning, hire professionals that specialize in restaurant fitouts in Canberra to get an expert opinion.

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Giant Glass Rubik Cube ‘Tasting Room’ Built In Australia

Australia has a bit of a reputation for being a strange place, with some articles about the country talking about wine-tasting koalas, and the fact that winter in most countries is summer for the land down under, among other things. A glass company, not unlike Economy Glass, has recently revealed a new eclectic project.

Now, a giant glass Rubick’s Cube has shown up and opened its doors to the country, after having spent 14 years as a mere concept waiting for the technology and innovation from architects and glass companies, like Economy Glass, in order to become a reality. The d’Arenburg Cube opened recently in the 13th of December in Australia (14 in the rest of the world), owned by Chester Osborn, a winemaker and the mind behind this glass edifice, says that this unique architectural challenge is an acknowledgement of the similar level of complexity in making fine wine.

The five-story building is situated around the vinery of McClaren Vale. The glass outside the building is double-tempered reinforced with aluminum, giving in and the inside a very Willy Wonka-like vibe. The Cube is not only a tasting room for fine wine, but also holds a dining restaurant, with a lot of vantage points for the proper view over the surrounding Mourvédre hills. Osborn says that he conceived the Cube as a sort of a museum focusing alternate reality museum, featuring strange and eclectic 3D art which details the steps of the winemaking process.

For example, a one-to-one scale statue of a cow in the museum stands to represent a winery’s biodynamic practices. Meanwhile a skeleton in the museum representing if someone falls into a fermentation vat, with other statues in the building representing the wine-making process.

According to Osborn, the art pieces are designed to be viewed from different perspectives, a representation of how people could drink the same wine, and have different ideas on how it is. He says that the building is a new reality, very specific to each wine, and very specific to the d’Arenberg brand.

The Cube can be entered with a fee of AU$8, with the South Australia government investing over AU$2M during its development in order to draw tourists into the area and the region.

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Tax Loophole Costing The British Millions Of Pounds In Taxes

Majority of real estate agents use the internet for their marketing campaigns; however, there are still agents that follow the traditional way of offering properties to potential customers. Occasionally, you will find a real estate agent riding a Suzuki motorcycle to get the job efficiently. They have driven long distances on the motorcycle they got from Suzuki motorcycle dealers to search for possible leads.

In the United Kingdom, there is no ban on foreigners owning UK property and there are no suggestions that foreign companies are doing wrong. Most of the registered foreign ownershipscan be found in residential and commercial properties. However, a major ramification may occur when the foreign owner decides to sell the property.

There a legal loophole which means that foreign companies will not pay corporation tax when they  make money during the sale of a commercial real estate property. UK individuals and companies are required to pay the corporation tax. It is estimated that at least one third of commercial properties all over the UK are owned by offshore companies which are basically tax havens. If the legal loophole is closed, it will generate between £5 billion and £8 billion taxes for the UK every year.

Stella Creasy, Labour and Cooperative MP for Walthamstow, is leading a campaign for the closure of the legal loophole so that foreign companies will pay taxes for the profits generated from the sale of commercial properties in the UK. She says that is unfair for UK businesses to be paying taxes while offshore companies don’t.

The figures are actually big and the tax loophole is costing the British taxpayer billion of pounds in taxes while foreign companies can get away with massive tax-free profits. Most countries tax foreign companies on the profits they make on the sale of commercial properties but the UK government refuses because it is too complicated to introduce.

If you are a real estate agent who wants a more efficient and convenient transport to take you from point A to point B, your best option is Suzuki motorcycle dealers in the UK that offer new and quality used road bikes and demonstrator bikes throughout the year.

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The Impact Of Recycled Tyres On Sport

If you are a sports fan, you might think that recycled tyres are only utilized in sporting venues when there are synthetic athletic tracks available. This is true that recycled tyres are employed in making synthetic tracks but it is not the only application. If you see sand or grass on the venue, don’t assume right away that they are real. As much as there are campaigns in providing budget tyres on the Gold Coast, there are also efforts in making sure that old tyres are not dumped carelessly.

If you look at a synthetic pitch made for soccer or hockey, you might be left in awe after a closer view reveals that rubber granules from recycled tyres are used in such a sophisticated manner. This is used because of its capacity to absorb shock, it is stable and when used as a base layer it can prove to be very durable.

Annually, Australia gathers a total of 56 million old tyres used by passenger vehicles. It is a challenge for the government to handle such a huge amount of rubber waste but it is greatly aided by rising demand for recycled rubber to be utilized in sports surfaces. Aside from the benefit it has to the environment, synthetic surfaces have also benefited the players on the field. Players expressed their contentment because it has help in their traction, the impact injuries are lower and facilities can be used no matter the weather.

Tyre Stewardship Australia is an industry cooperative program that is supported by both the federal government and the state. It has been approved by the ACCC and works in partnership with the Local Government Authorities in campaigning the importance of the sport surface as it has helped not the just the environment but the community as well. The cooperative is working to conduct research in order to improve their current products.

Aside from the sport surfaces, rubber granules are also combined with coarse river sand to be used in arenas. Hopefully once the budget tyres on the Gold Coast are ready to be dispose, it can be used in useful projects such as this.

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Commercial Real Estate Sector Unscathed By Republican Tax Rewrite

The EIN Number also called Tax ID is an employer identification number required for businesses. For those who find it daunting to apply for Tax ID through the IRS website has the option of online resources that provides unique features and services. It can take time to locate the Tax ID application from the IRS website but Zoom Filings is prepared to assist to get the job done faster and more efficiently.

The commercial real estate sector has emerged unscathed from the Republican tax rewrite. For months, the industry of commercial real estate development has been seriously concerned with the tax plan that is in the works. There are fears that the tax plan may make it more difficult or expensive to take out huge bank loans. There is also the possibility for the tax plan to damage demand in the property market.

However, if the tax plan that was unveiled this week by the House Republicans was to be the basis, the industry has little to worry about. According to Thomas Bisacquino, president of NAIOP, a commercial real estate development group, the industry was left as a whole and the old provisions will still work.

Real estate developers were rather fearful of the special tax treatment of “carried interest” fees that are taxed as capital gains instead of income. If there will be an amendment the developers may no longer be able to deduct any interest expenses from their taxable profits. There were also certain concerns that exchanges of commercial property that currently enjoys tax deferral could face immediate taxation.

Developers are thankful because the bill did not include changes to the industry. Taxes have a big effect on the industry. In 1991, a tax overhaul was responsible for sinking prices of commercial real estate. It also ushered in an economic downturn.

Even real estate developers are required to obtain Tax ID before they can proceed with business activities. For a more simplified and efficient process, a better option is Zoom Filings that provides an easy one-page form which will allow a business to apply for Tax ID within a few minutes without any hassle.

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