Richard Liew

Today we've published the PropTrack Quarterly Rental Report for the March 2024 quarter. The report found that over the quarter national advertised rental prices rose 9.1% of by $50/week. Although rents are still rising rapidly the rate of growth has more than halved from the 19.6% annual rise in March 2023. The number of new rental listings coming to market and the total number of rental listings on the market have continued to fall, down 13.7% and 11.3% respectively over the year. For both new and total listings, the number on the market is the lowest in March of any year since 2010. Renters have a preference to stay where they are and with construction having slumped and new lending to investors only having rebounded over the past year, relatively few rental stock additions are occurring. On average, the typical property advertised for rent is getting 28.9 enquiries which is marginally lower over the year but still indicative of extremely strong demand for rental accommodation. For renters conditions remain extremely tough and the capacity to pay rent is increasingly a challenge. This is likely to see renters that have to move shifting to either smaller properties, less desirable locations or share houses in order to afford shelter. I expect that the rate of rental growth will continue to slow over the coming year however, I still see rents lifting and lifting at a rate well above inflation due to the persistent strong demand and limited supply of rental stock. You can read more here. https://lnkd.in/geuc77rh

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✨ I help small Aussie businesses get more customers online. ️🎙 Episode 085 – "Facebook Ads Metrics that Matter! My Top 5!" Do you know what metrics are worth tracking and what aren’t? 🤔📊 I have spent over $80K of my own cash 💸 learning the intricacies of how Meta advertising works and what Facebook or Instagram metrics really matter for small business owners 📈 and what ones that really don’t 🚫. Join me as I share my Top 5 metrics I use when doing a client ad account audit 📝 that you can check your own ad performance today! 🚀 ✨ Listen to the Full Episode: https://bit.ly/4bbgPQ6 ✨ I can implement the next step in your business's marketing strategy. You're too busy to handle all the marketing projects – I can help get you unstuck and grow online! 📈 Feel confident knowing you're not spending thousands on advertising with zero results. Unravel the complexities of Meta advertising and stop wasting money! 💸 Or finally, see some revenue benefit from that customer email list you've been neglecting. 🎧 Listen to my podcast on Spotify or Apple, "Aussie Online Growing on Shopify," where I share my expertise, case studies, and helpful DIY tips you might like to try yourself. 📞 Book a Free 25-minute Discovery Call if you want someone to execute the next steps for your business and ensure marketing is not your bottleneck to success. To move forward with essential marketing functions and grow your business, book a Free Discovery Call here: https://lnkd.in/giFhdmka

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BIG NEWS 🚨 I’m thrilled to officially welcome Simon Plummer to Arbor Permanent Owners! Simon joins us as Co-Founder and Operations Director in our mission to be the long-term custodians of Great Australian SMEs. A bit about Simon: Simon was once a Big-4 accountant who quickly left, realising he wanted to be in business ownership. He joined a progressive building services company, Johns Lyng Group ($JLG) aiming to acquire equity. He succeeded. At just 25 years of age, he joined the board of directors, playing a key role in taking the company to pre-IPO. His unofficial title at JLG was “The Wolf”, known for his ability to solve complex business problems with a steady-hand and grace. After a stint at the London Business School and cashing out his ESOP, Simon desired to acquire a small business. Despite having the financial capacity, being a 28 y/o meant he wasn't taken seriously by business brokers and corporate advisors, making deal flow a nightmare. He got creative and Co-founded www.resolve.com.au—a website for brokers to list small businesses for sale. The idea was to reach out to those who had previously denied them deal flow and get them in front of thousands of investors, cherry-picking the best businesses before the market got them. Launching that startup was a struggle, however, it worked— Resolve listed ~100 businesses and reviewed a few hundred more from accounting firms, major insolvency firms and business brokers. Eventually, they found their one, BT Engineering Group. Simon sold his shares in Resolve back to his business partner and plowed his focus into his new baby. BT Engineering manufactures bricklaying tools from scratch in Sydney, boasting a diversified customer base, a cult-like following among its customers, and recurring revenue through automated systems at major tools retailers. It proved to be a wonderfully cash-generative business. Simon ran it for two years, launched a digital B2C sales channel in the UK and the US, and watched it grow by over 30% year on year. He then hired a young gun general manager to run the business and took 12 months off to be with his wife and first child. Feeling the urge to find another stable, cash-flowing business, Simon worked with a private equity firm to acquire a much larger, family-owned manufacturing business in Brisbane—Ausdeck Building Systems. He led the business as CEO for the last three years, professionalising the business and exponentially growing it before passing the baton to a new leadership team. Simon and I have known each other for a few years and agreed a “3rd door” needed to exist for family-owned businesses to transition their legacy to the next generation of owners that would take a long-term lens. This was the birth of Arbor Permanent Owners. Simon not only brings operational expertise to our mission— he’s deeply passionate and idolises the entrepreneurial spirit that lies within Australia’s small business sector. Please join me in welcoming Simon!

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Most of the value created by startups that grow to be successful is captured by founders and shareholders. If community building events (like those organised by KiwiSaaS) are important inputs to that eventual success then those founders and shareholders should surely be willing to pay for them directly, rather than expecting everybody else to cover that cost. I strongly advise all the founders I work with to spend *less* time at “ecosystem” events and *more* time focused on making their own ventures one that counts. That is by far the biggest contribution that any individual can make to actually growing an ecosystem. It requires founders to engage in the sector where their customers are, rather than the “ecosystem” where other founders are, and many are reluctant to do that because those are much harder conversations. It’s easy for those who love the vibe of the so called “innovation sector” to dismiss me as a hater, as they have done in the past when I’ve made comments like these. But these are the hard truths.

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🙌 We are very excited to be delivering Archistar into Councils in NSW! It is great to see the NSW government taking action and supporting councils to tackle the Housing Crisis. 🙌 ---- 🕘 “hundreds of thousands of days” could be saved if the councils did not have to request additional information on development applications. ---- 🏫 A big congratulations to the initial 16 councils that have been funded to use AI for development applications! ---- Councils assess approximately 85 per cent of all residential development applications in the state but the process is often beset with administrative delays, duplications, mistakes, and site-specific requirements that aren’t met, planning minister Paul Scully says. “These are all issues that could be identified and resolved before a development application even arrives on a planner’s desk, leaving … planners to approve homes more efficiently,” he said. “Introducing AI into the planning system is about reducing the administrative workload of planners so that they can get on with their main job of planning. “It also helps applicants as it reduces delays by making sure all the required information is provided without repeated requests. This will free up their time and help build more homes faster.” It’s hoped the technology will save time by helping to cut requests for more information.” Read more here... https://lnkd.in/g5D-etmw #nsw #housingcrisis #ai #plantech #councils #developmentapplications #streamline

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Get the help you need for your business support.

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The best way to grow your business is by growing your network...and at LinkedInLocal Central Coast, you don't have to pay a fee to build your network! If your committed to growing your business, networking has to be part of your 'high value activities'. Get along to our next LinkedIn Local Central Coast at The Tame Fox, Erina. #networking #linkedinlocal #leadership #leaderbydesign #buildingtrust

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Choosing the right product for your business is crucial, but it's only part of the equation. The success of your product also heavily relies on selecting the right implementation partner. Well done to Tasman District Council - Te Kaunihera o te tai o Aorere and Solutions Integrator Synergy Enterprise Solutions for the successful implementation of Freshservice in amongst the technological upgrades made to help drive greater outcomes. The improvement in customer experience creates cheerleaders and raving fans in all of us. https://lnkd.in/gX9k_KnS

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What happens when you lock 40 leaders from across industries including legal, agriculture, NFP, education, commercial real estate, professional associations, startup incubators & tech in a room together for a day? Strategic Execution with Hargraves Institute, Dr Graham Kenny & Allan Ryan -∆ a couple of weeks ago was a whole situation. I was thrilled to have the privilege as MC to set the challenge for the multi-dimensional role, value, opportunities, and risks of strategic execution, work with different groups across the day, and facilitate the most dynamic panel of experts I've seen woven together with Huw, Selena and Sandra (aptly, about dealing with volatility). I'll share more later about each of the sessions, some of the brilliant interactions I enjoyed, and the takeaways that emerged throughout. But there's one core message I slowly found words for over the day: It's never for lack of passion or intent that strategy planning and execution isn't happening - it's a structure, systems, bandwidth and incentives issue that forces all levels of business toward short term thinking that costs time, talent, and opportunity. No one person, tool, or methodology can solve that fundamental roadblock. We have to take the opportunity of progress and change and the inexorable march of time to collectively iterate toward systems of business and leadership that make space for strategy development *and* execution. ----------------------------------- 🔔 Follow for salty+optimistic #futureofwork content ✨ Schedule a Discovery Call at calendly(dot)com/katedodd ----------------------------------- #leadership #innovation #professionalwomen #strategy #engagement #culture #experimentation #commercialrealestate #execution #speaker 📸 Unknown

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Self-love is the foundation for everything in life to align perfectly. Remember: you are worthy of love and happiness, always. Visit www.keepconnected.com.au #KeepConnected #Organized #Innovation #TechStartup #EntrepreneurialJourney #CentralizedInfo #StreamlineFlow #SelfLove

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Something we're noticing is that many businesses are feeling uncertain about their next move. So, we've created a short quiz to help you figure out what that "next right step" should be for your business. With just 5 questions and 2 minutes of your time, you'll receive insights into the best course of action for your business based on its current situation. If you've been considering expansion, investing, or innovation, our quiz will provide clarity and guidance. I'll leave the link below - https://lnkd.in/gMPjTT2p

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"The first person on the Post Growth Australia Podcast who is working towards change from within the business sector." That's me. What an honor :-) In the episode, we talk about: · Mine and Oscar's journey from agency to Post Growth Guide · Our handbook "Setting Limits to Growth"; why we wrote it, what you can learn in the handbook, and what we have learned from publishing it · Business cases: Why no one is perfect, some come close, and a few specific examples of businesses we can learn from · My Top 4 for worst excuses for sustainability non-action: And how to counter one of them · Why I believe it makes sense to work from within the business sector (Post Growth Guide's theory of change) Listen here (and if you have any questions after listening, let me know): https://lnkd.in/gfqwMdzs

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Maximise Your Tax Benefits with Smart Financing Options! 📈 With the Federal Budget 2024 released earlier this week and the End-Of-Financial-Year quickly approaching, it's the perfect time to consider financing options that can help you maximise potential tax benefits. Here are some key opportunities you don’t want to miss: 1. Instant Asset Write-Off If your business turnover is less than $10 million, take advantage of the ‘Instant Asset Write-Off’. This allows you to immediately deduct the full cost of eligible assets costing less than $20,000 that are first used or installed ready for use between 1 July 2023 and 30 June 2024. This is a fantastic way to reduce your taxable income while upgrading your business assets. 2. Small Business CGT Concessions Got active assets? You might be eligible for the Small Business CGT Concessions. There are four Capital Gains and Losses (CGT) Concessions available for businesses with an annual turnover of less than $2 million. And guess what? You can apply for more than one of these concessions if you meet the criteria, significantly reducing the capital gain on your business assets. 3. Small Business Income Tax Offset If you operate as a Sole Trader or have a share of net small business income from a partnership or trust, you could benefit from the Small Business Income Tax Offset. This offers up to $1,000 per year, provided your aggregated turnover doesn’t exceed $5 million. This offset can provide a welcome boost to your bottom line. Boost Your Purchasing Power with Lumi… Planning purchases before the end of the financial year to take advantage of tax incentives? Consider securing extra funds through our Business Finance Partner, Lumi. The Lumi Business Line 0f Credit is a low-fee finance option where you only pay for what you actually use, allowing you to make necessary purchases before June 30 without overstretching your budget. *Speak with your tax accountant about how tax incentives may apply to your business. Finance your Marketing Projects For more than 20 years, rev™ Branding has been a leader in providing forward-thinking marketing, communication, and brand advisory services. We help clients implement business growth marketing programs using a range of funding options, including Government Grants and finance lines of credit from providers like Lumi. We’ve assisted dozens of companies in leveraging small business grants and funding options to grow and thrive. Let us help you navigate these opportunities to boost your business. 🔍 Learn more about the various finance options available to fund your business projects and start maximising your tax benefits and driving your business growth! https://lnkd.in/gFJKQme #TaxBenefits #BusinessFinancing #EOFY #InstantAssetWriteOff #SmallBusiness #LumiFinance #revBranding #BusinessGrowth #MarketingFunds #DigitalInvestment

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How to get out of spiraling energy costs and have a efficient electric home, fit for future? Join us in this stellar conversation this Thursday, 6pm joined by Trent Jones, CEO of All Electric Homes as well as Tim Forcey, author of My Efficient Electric Home Handbook! Follow the link to RSVP 👇👇👇👇

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