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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Buying local this Christmas could raise over $1bn for small business

By Adrian Flores

December 16 2020
Share

Invest

Buying local this Christmas could raise over $1bn for small business

By Adrian Flores
December 16 2020

New research suggests that Australians could deliver an estimated $1.12 billion to the small-business sector this Christmas just by buying one more gift from their favourite local business.

Buying local this Christmas could raise over $1bn for small business

By Adrian Flores

December 16 2020
Share

New research suggests that Australians could deliver an estimated $1.12 billion to the small-business sector this Christmas just by buying one more gift from their favourite local business.

According to the Season of Small Research from Intuit Quickbooks, only just over one-third (36 per cent) of all gifts this year will be bought from small businesses.

Further, on average, Aussies say they expect to cut back on their Christmas shopping this year by buying one less gift.

For those who do shop with local small businesses, the research found that they believe the benefits are more personal than just supporting the local economy, with 51 per cent of those who shop with small businesses saying they do so because they are able to give back to the community.

In addition, 43 per cent say they shop local to find more niche products, while 40 per cent see it as a more intimate experience.

The research also found that 28 per cent of Aussies say supporting small business is like eating a family home-cooked meal, while a quarter (24 per cent) say it gives them the same feeling as wrapping their hands around the perfect hot drink.

Meanwhile, shoppers who prefer to shop with larger businesses said they do so because there are more products to choose from (62 per cent) and they get better deals and discounts (60 percent).

Intuit Australia’s head of customer experience, Gabrielle Dracopoulos, said there has been a significant amount of financial turmoil for small businesses this year.

“The great news is that just by buying one extra gift from a small business this Christmas, you could make a huge difference to the people that give so much to the community, be it a neighbour, a friend or a family member,” Ms Dracopoulos said.

“Small businesses really are the lifeblood of the community, and without our support, we could be looking at a very different small-business landscape in the new year.”

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