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Source: Switzer Broker 7 March 2014

Suburbs that blend housing affordability, large block sizes and amenities have topped the list of the Aussie/RPData Top 100 suburbs for family living.

Kingston in Greater Hobart was the top metropolitan suburb in Australia for family living, with a median house price of $250,000.

“The combination of affordable home prices (the median house price is just $350,000), large average block size (828sqm) and slightly more than three bedrooms on average (3.3) fits the ‘family’ profile very well,” the report said. “Added to this, is the availability of local amenities such as schools and shopping centres and the overall attractiveness of Kingston as a family location.”

Morayfield in Brisbane came in second (median house price $310,000), followed by Lauderdale in Greater Hobart ($330,000), Byford in Perth ($439,00) and Taylors Lakes in Melbourne ($495,000) rounding out the top five.

Melbourne took out top honours as the city with the highest number of suburbs in the metro top 100 list, with 31 suburbs in total. Brisbane followed with 22 suburbs included in the list, then Sydney (21), Adelaide (nine), Perth (four). Darwin had just one suburb in the top 100 (Bellamack), while Canberra had none.

The Top 100 list ranked suburbs on factors including house prices, typical block size, average number of bedrooms, historical capital gains and a range of proximity attributes involving schools, health care facilities, child care centres and retail facilities.

According to the list, family households valued living in a detached house on a large block of land, while the opportunity for capital growth was important, as were locational aspects such as proximity to schools, health care and shopping facilities.

The list reveals that while the many family desire to live close to the city or coastline, suburbs located in the middle to outer ring had the highest proportion of housing markets contained in the results.

“These markets tend to offer more affordable housing options that are located on larger blocks of land compared with suburbs closer to the CBD. The level of amenity and proximity to essential services such as schools and health care also play a large role in the analysis.”
In the top 10 regional suburbs for family living, Orange in the Central West region of New South Wales came in at number one (median house price $333,500). Wallan in the Goulbourn region of Victoria ($322,500) was second, followed by Bacchus Marsh in the Central Highlands of Victoria ($332,00), Dubbo in North West New South Wales ($280,000) and Warragul in the Gippsland region of Victoria ($306,000) rounding out the top five.

The top 10 suburbs within each capital city are:

Sydney

  • Forestville – median house price $910,000
  • North Rocks – $751,000
  • Beecroft – $1,041,250
  • Castle Hill – $874,000
  • Blaxland – $457,250
  • West Pennant Hills – $941,500
  • Carlingford – $797,000
  • West Pymble – $965,000
  • Turramurra – $1,118,500
  • Katoomba – $350,000

 

Melbourne

  • Taylors Lakes – $495,000
  • Diamond Creek – $498,000
  • Cockatoo – $335,000
  • Ringwood North – $602,000
  • Greenvale – $540,000
  • Upwey – $415,000
  • Mooroolbark – $430,000
  • Beaconsfield – $480,250
  • Chirnside Park – $450,000
  • Langwarrin – $384,500

 

Brisbane

  • Morayfield – $310,000
  • The Gap – $569,000
  • Kenmore – $558,000
  • Albany Creek – $487,500
  • Eatons Hill – $529,500
  • Bray Park – $344,250
  • Redbank Plains – $286,000
  • Alexandra Hills – $392,500
  • Narangba – $430,000
  • Collingwood Park – $295,000

 

Adelaide

  • Aberfoyle Park – $369,000
  • Belair – $480,000
  • Banksia Park – $340,500
  • Flagstaff Hill – $436,000
  • Highbury – $385,000
  • McLaren Vale – $375,000
  • Pooraka – $303,500
  • Happy Valley – $352,500
  • Aldgate – $605,000
  • Modbury North – $330,000

 

Perth

  • Byford – $439,000
  • Floreat – $1,201,000
  • Forrestfield – $420,000
  • Wanneroo – $454,500
  • Thornlie – $435,000
  • Kalamunda – $622,500
  • Canning Vale – $580,000
  • Lesmurdie – $593,000
  • Atwell – $550,000
  • Kelmscott – $360,000

 

Hobart

  • Kingston – $350,000
  • Lauderdale – $350,000
  • Lenah Valley – $370,000
  • Sandy Bay – $588,600
  • Claremont – $240,000
  • Lindisfarne – $359,000
  • Geilston Bay – $344,000
  • Blackmans Bay – $405,000
  • South Arm – $330,000
  • Glenorchy – $230,000

 

Darwin

  • Bellamack – $282,500
  • Howard Springs – $620,000
  • Jingili – $596,500
  • Leanyer – $635,000
  • Humpty Doo – $630,000
  • Stuart Park – $775,000
  • Nakara – $605,000
  • Rapid Creek – $707,500
  • Wulagi – $585,000
  • Tiwi – $557,500

 

Canberra

  • Deakin – $830,000
  • Kaleen – $549,950
  • Curtin – $682,500
  • Evatt – $470,000
  • Kambah – $485,000
  • Campbell – $887,000
  • Aranda – $761,500
  • Fadden – $612,000
  • Nicholls – $704,750
  • Wanniassa – $510,000

Source: 26 Feb 14 Craig Jackson Flying Solo

Cloud-based accounting packages have many benefits. In this article we’ll look at the benefits while also comparing Xero and MYOB Live.

As most solo and micro business owners are aware, the only way to get things done is (largely) to do it yourself, which often leads to excessive hours spent on non-income producing activities like bank reconciliation, invoicing and paying bills.
Whilst a cloud accounting product won’t do the work for you, it can streamline your bookkeeping and record keeping processes, enabling you to complete these tasks on your terms – which is the reason you started your own business, right?

The benefits of cloud-based accounting packages

Many cloud-based accounting packages promote benefits such as new time-saving techniques and better security. Here are some more:

Availability
Access your file anywhere, anytime. View and edit the latest information from your office, home or on the road; using devices such as laptops, smartphones or tablets.
No installation or IT maintenance required
“ I believe that for most solo and micro business owners…it’s invaluable to use any technology that improves efficiencies and reduces time spent on accounts. ”
Most cloud products don’t require software installation on your computer, eliminating the need for time-consuming updates and backups.
Sharing is easy
Eliminate the need to send USB keys or discs to your accountant. Sharing your information ensures that everyone is always up to date and using the latest set of figures.
Bank feeds
Data from your bank account or credit card is automatically downloaded into your accounts. In my opinion, this is the area with the most time-saving benefits, and this function should almost be mandatory across all businesses!
As you can see, cloud-based accounting packages have many benefits, but keep in mind that they don’t replace the need to regularly review your accounting processes and procedures.

Cloud accounting products

There are many products available on the market including QuickBooks Online, Reckon, Xero, Sassu and MYOB Live, but the most common request I receive is to compare Xero and MYOB Live.

Xero
Xero is the only product created specifically with the cloud in mind. It requires no software installation and can be used on any device, including smartphones and tablets.
Xero enables your business to become ‘paperless’ by allowing you to upload invoices and attach them directly to the transaction – providing an easy mechanism for the storage of additional information and greater transparency of each transaction from an auditing perspective.
I believe one of the most exciting aspects of Xero is its ability to integrate with various third party products and services, much like apps on your smartphone. This ensures the software can be customised to your specific requirements without needing to have expensive customised reports designed for you.
MYOB Live
MYOB Live is a product that most businesses will be familiar with. It requires software to be installed on the device, but a number of services, such as bank feeds, are now in the cloud.
MYOB Live enables you to toggle between online and offline mode, allowing you to continue to work if you lose internet access. However, this can create multiple versions of the file so don’t forget to perform a data sync regularly.
No need for the shoebox full of receipts
I believe that for most solo and micro business owners faced with compliance obligations, it’s invaluable to use any new technology that improves efficiencies and reduces time spent on accounts.
Select the right product. Get the right outcome.
If you decide to move towards a cloud-based accounting package, it’s crucial that you select the right product and get the software set up correctly. Cloud-based accounting packages have their advantages, but they need to be tailored to your individual business requirements to ensure you get the maximum benefit.
How are cloud-based accounting packages beneficial for your business?

simplecompass5Stay tuned for news and tips about bookkeeping, online accounting software and the services we offer.

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