How Can Homegrown Businesses Benefit from the Rising Housing Prices in Australia?

If you are just starting out as a homegrown small business in the Australian gig and small business enterprise economy, you might want to take a look at the present real estate landscape. As reported by Financial Review, supercharged immigration has caused rapid inflation in the housing market, therefore citizens are being suggested by financial experts to move to homegrown solutions to create a good balance between demand and supply. 

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Rising housing prices in Australia may directly affect inflation in rent, rise in property taxes, increased home-office costs and similar shared industries. However, there is a brightside to this for small and medium enterprises owners, sole traders, freelancers and independent contractors! 

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Especially skilled workers and maintenance workers, who are registered sole traders, can find opportunities to maximise their savings from BAS and annual business tax returns as well as accommodate their own prices according to the sites they work at. So if you are a sole trader specialising in one or more gigs from the list below, make sure to get in touch with us today:

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• Electricians 
• Sanitation and plumbing 
• Gardening and landscaping 
• Carpentering 
• Other skilled work freelancer

                         Let Our Expert Accountants Help Your Business Grow

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Keep an eye out for the Real Estate Trends 

The prices of property highly influence the conditions of a locality. Here’s how you can use real estate trends to your own advantage:

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• Advertise your business in localities where you are likely to strike a good deal.
• Create service packages that can be flexibly charged 
• Build a good reputation to receive referrals 

Check on the Local Market Growth

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It is crucial for small business owners to keep tabs on local market growth and rising competition. It helps you decide your own prices, make wiser business decisions and advertise your business efficiently. Just be mindful of:

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• The skilled workers trends on platforms like AirTasker, Service Seeking and Ozlance
• Join Facebook groups and communities specially created for skilled workers jobs and resources
• Make sure you have better to offer in terms of service, quality and/or price than your local competitors

Entrepreneurship Opportunities 

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Owning small and medium enterprises or businesses does not only mean sticking to one single skill or industry. Entrepreneurship is an important aspect of growing your business. Before you dive deeper into becoming a superb entrepreneur, we would like to point out a few things you must keep in mind:

• Be mindful of your savings, you need to save more on business expenses and overall management to make sure profits are steady 
• Work smart besides working harder, use automation and resources to focus on key factors like engaging with clients, earning more and mastering your skills to make your services class apart 
• Look for long-term partnership opportunities with other small businesses that regularly need your help 

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Use a Class Apart Tax solution 

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Taxes can be one of the biggest changing points to boosting your sole trader earnings. Don’t overlook your taxes just because you own a small business. Sole traders like yourself often end up neglecting taxes because there are no resources at a reasonable price. 

No need to bargain with a big corporation, we’ve got just the thing up our sleeves to maximise your tax returns by 2X more than previous year: 

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• Automated business expense tracking tool 
• Instant accountant consultancy 
• Real-time tax savings estimate 
• Smooth, timely and hassle free lodgement 

All summed up in one! So next time when real estate is hard on the overall finance scenario you would be the Pro Gigster who knows all the trends, taps into the local market, knows all entrepreneurship hacks and seals every deal! 

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