Good morning Fellow Members,In the latest data released from the Australian Tax Office shows 2.3 million Australians declared rental income in 2021-22, with about 71 per cent of landlords owning only one investment property (just over 1.6 million).About 19 per cent (428,000) own two pro...

Recent ATO Focus: Payment Plans and Rental Property DeductionsBY ED CHAN | MAY 14, 2024In a time of increased oversight and stricter regulations, the Australian Taxation Office (ATO) is emphasising that tax reliefs like payment plans should be accessed only by those who truly need them. Additiona...

Good morning Fellow Members,Do I need to say more Queensland’s cruising industry is flourishing, marking an extraordinary milestone as it continues to grow in the Sunshine State. On Saturday, the arrival of P&O’s Pacific Encounter brought the 1.5 millionth passenger to the Brisbane Intern...

‘The secret’s out’: Suburbs where prices have more than doubled in four years!Good morning Fellow members,The past four years in the property market have been incredibly volatile, with prices surging, before falling sharply and then rising rapidly once again.Despite the ups and downs, price...

Good morning Fellow members, If you plan to keep enjoying your current lifestyle when you retire, it's generally suggested that, if you own your own home, you'll need to save enough to provide you with at least 70% of your current annual income.For the majority of The FIRM's members, this was c...