"REIWA President Suzanne Brown said the Perth property market had eased over the past two months." The time taken to sell a property in Perth has nearly doubled in the past three months. According to the latest data from REIWA, houses sold in a median of 14 days in May, while units sold in a median of 13 days. This compares to nine days for houses and eight days for units in February. REIWA President Suzanne Brown said the Perth property market had eased over the past two mon

Fundamental reforms to the property taxes 26 May 2026 Replacing the 50% CGT discount with indexation From 1 July 2027, the 50% CGT discount will be replaced by cost base indexation for assets held for more than 12 months, with a 30% minimum tax on net capital gains. These changes will apply to all assets, including pre-CGT assets, held by individuals, trusts and partnerships. Transitional arrangements will limit the impact on existing investments by ensuring the changes only

Tribunal decision regarding home office and car expenses overturned 26 May 2026 The Full Federal Court recently allowed the ATO's appeal against an Administrative Review Tribunal decision that a taxpayer was entitled to claim deductions for home office and car expenses. The taxpayer worked full-time for the ABC as a sports presenter and producer. During the 2021 income year, because of COVID-19 pandemic restrictions, the taxpayer undertook one of his work roles from a second