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From 1 July 2023, the Temporary Skilled Income Threshold (TSMIT) will increase from $53,900 to $70,000. TSMIT is the minimum salary that must be paid to a sponsored employee to obtain a temporary skilled visa in Australia. With the rise in interest rates, the cost of living and the high inflation rate, this is the Government’s … Read more

From 1 July 2023, the First Home Buyer Assistance Scheme (FHBAS) has expanded wherein the transfer duty exemption threshold for new and existing home purchases by eligible first home buyers will increase from $650,000 to $800,000, and the concessional rate will increase from $800,000 to $1 million. Customers who have opted into FHBC will continue to pay property … Read more