Latest news with #RichardWebb
CBS News
14 hours ago
- Business
- CBS News
The average home price in the Twin Cities is over $400k
In the market to buy or sell a home? Real estate is hitting new highs in the Twin Cities. In America's 16th largest metro area, it's sweet summertime. High temps aren't the only increased numbers, but the ticket price on homes are too. "I think what matters is affordability to people, and that seems to be a problem right now," said Richard Webb who's a Realtor with the Webb Group, and has helped people buy and sell in the metro since 2004. "Right now if you're a seller, you start with a little leverage. In 2010 if you were a seller you had no leverage." Minnesota Realtors, an organization uniting those who help clients buy and sell statewide says seller activity in the Cities is now 4.4-percent higher while buyer activity is up 0.8%. This new data adds that the metro is seeing a record high median of $401,000. The first time it's over 400K. Webb says millenials are a demographic buying like crazy, and the price they're willing to pay has definitely kept his business busy. "It's unaffordable for an average young couple," said Carolyn Brochman, who lives across from a Minneapolis home for sale. Brochman also went through the buying and selling process recently. "I found it extremely stressful," she told WCCO. The market is competitive. "Almost every house we see if getting multiple offers," said Webb. "Work with a seasoned agent that can help you position your offer most competitively." Webb added that every suburb across the metro is on people's radar. Webb told WCCO that area inventory is improving despite currently being a sellers market. The metro's many Fortune 500 companies also are a big influence. The Webb Group is based in Edina and can be reached at 952-223-1462. More information can be found in their website. Minnesota REALTORS recent report can be found here.
Yahoo
30-06-2025
- Business
- Yahoo
Superannuation alert for Aussie workers ahead of major July 1 change: 'Has to go down'
Millions of workers around Australia will benefit from a huge superannuation change that comes into effect on July 1, however, there are some who could be worse off. While the minimum wage and superannuation contribution rates are going up, those on certain contracts might find their take-home pay actually goes down. This could apply to those who have a salary package that is inclusive of superannuation. CPA Australia's superannuation lead, Richard Webb, told Yahoo Finance it's worth checking your contract or agreement ahead of Tuesday's change. "Broadly, the mathematics for people on total remuneration packages is such that if one goes up, the other has to go down," he said. More superannuation changes flagged as Baby Boomers get anxious Days left for millions of Aussies to claim ATO $20,000 tax benefit ATO reveals 10 highest paying jobs in Australia At the moment, your employer is obligated to send 11.5 per cent of your pay to your superannuation fund. From July 1, that rate will go up to 12 per cent as the mandatory minimum. It's been going up by 0.5 per cent increments since 2020. The Australian Retirement Trust (ART) said this five-year plan would see a 30-year-old earning $100,000 each year retire with an additional $125,000. 'This half per cent step may seem small, but for working Australians, it's like reaching the summit of your own financial Everest,' ART's Anne Fuchs said. 'Since the Superannuation Guarantee (SG) was introduced in 1992, it has become the cornerstone of Australia's retirement system – evolving from a modest 3 per cent contribution to a robust framework that provides you with meaningful savings for your future.'The SG rate increase will benefit a lot of workers as many of them will have organised a salary plus superannuation package when they scored their job. If they're getting paid $100,000 per year, for example, that means their employer will contribute an additional $12,000 to their retirement nest egg. But, if their pay was $100,000 per year including super, their actual pre-tax take-home would be $88,500. With the changes to super from July 1, that number could drop by $500 to $88,000 to account for the 0.5 per cent jump. There's no official data on how many Aussies have a salary package that includes super. When you're looking at job adverts, if it displays how much the pay is, it will usually reveal whether super is included in that number or if it goes on top. If the number isn't displayed, it's worth asking the recruiter or hiring manager what the setup is, so there are no surprises when you get your first pay cheque. Webb said it's worth checking your contract to see if it mentions how your pay is structured. If you don't have that document handy, there is another course of action. "Go and chat to your employer and see how they think this is going to work out," he said. "In most situations, employers are already geared up to get these questions from their employees, and may actually have something ready to go that they can give to them that explains it all." Employers who don't have that knowledge need to start reading up on all the changes happening from July 1 to ensure staffers don't get accidentally "blindsided". "It's a great reminder for employers to make sure that their employees have got the right idea about how things are going to change," he in to access your portfolio
News.com.au
28-06-2025
- Business
- News.com.au
Sting in the tail for some workers in super boost
Workers are being urged to check with their pay packets to ensure an increase to the super guarantee doesn't result in their pay being docked. As the final increase to Australia's super guarantee comes into effect, employers will be required to devote a record 12 per cent of workers' salaries into their super for the first time. For most workers on an award agreement, it's happy days, with employers forced to tip in extra super without any reduction in their take-home pay. But there's a sting in the tail for a minority of workers who are on a total remuneration package including super, because it could mean less take-home pay. In fact, for up to 40 per cent of Australians who have an individual pay arrangement with their employer that pays superannuation as part of their salary package, the 0.5 per cent could result in a reduction in take-home pay. CPA Australia's Superannuation Lead, Richard Webb said while the super guarantee was positive for a majority of workers, some would cop a pay cut from July 1. 'If your employment contract includes a total remuneration package including super, this could mean less take-home pay at the end of the month,' he said. 'However, for those on award or enterprise agreements, your pay agreement is more likely to be a salary, which means the change will not affect your take-home pay. 'It's a good idea to check with your employer to see how they view the changes and what it means for you. Otherwise, you might get a shock if your take-home pay is a little less than expected.' Nearly 30 years after the Hawke-Keating Government introduced superannuation starting at just 1 per cent, around 14 million workers are set to secure the new boost. New Treasury analysis shows that millions of Australians will be better off at retirement as a direct result as the super guarantee lifts from 11.5 to 12 per cent. 'These reforms will make a meaningful difference for millions of Australians who work hard on low and award wages, and Australians working towards a well-deserved, dignified retirement,'' Treasurer Jim Chalmers said. 'Under Labor, inflation is down substantially, real wages are up, unemployment is low, our economy is growing, debt is down and interest rates are falling, but we know people are still under pressure. 'All the progress we have made together means we are well placed and well prepared at a time of global economic uncertainty and volatility. 'Since we've come to government, we've increased the superannuation guarantee four times, and this means an extra $98,000 at retirement for a 30 year old earning the average full-time income.' For example, a worker at age 30 earning the average full-time income (around $103,000) will have an extra $21,000 at retirement as a result of this 0.5 percentage point increase alone. However, Treasurer Jim Chalmers said taking into account all of the Albanese Government's increases to the Superannuation guarantee (from 10 per cent to 12 per cent), this worker will have an extra $98,000 at retirement.
STV News
24-06-2025
- Business
- STV News
Premier Sports agree deal with SPFL to show Premiership bottom-six matches
The SPFL has agreed a new deal with Premier Sports that will see the broadcaster show two post-split bottom six matches live from next season. Premier Sports signed a five-year contract with the league body last year that allows them to show 20 live Premiership games per season but only for pre-split games. Sky Sports' contract gave them exclusive rights to the post-split games for top and bottom-six fixtures, though their output has tended to focus on the top half of the table. All three parties have now agreed a new deal that will see two post-split matches, which could decide relegation or play-off places, shown on Premier Sports. Those games will be in addition to the original agreement, taking the broadcaster's selections up to 22 games per season in total. SPFL chief executive Neil Doncaster welcomed the move. 'This is great news for Scottish football fans and our William Hill Premiership clubs,' he said. 'We know supporters have been keen to tune into the most exciting games in the bottom six as clubs battle to avoid relegation, and we've been discussing that situation with our broadcast partners over recent months. 'We'd like to thank Sky Sports and Premier Sports for their support in agreeing this change to their broadcast contracts, and for their continued excellent coverage of our national game.' Richard Webb, director of operations at Premier Sports, commented: 'We're delighted to be expanding our SPFL coverage to include the matches that matter right to the very end of the season. These post-split games often carry huge drama and significance and we're proud to bring them live to fans from next season. 'We would like to thank the SPFL and Sky for making this possible. Alongside our growing portfolio of Scottish football coverage, this is another great step forward for Premier Sports in Scotland.' The matches will also be available to subscribers on Premier Sports via STV Player+, in addition to Scottish Cup, Premier Sports Cup and United Rugby Championship games. Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
The Herald Scotland
24-06-2025
- Business
- The Herald Scotland
SPFL agree deal allowing broadcaster to show more games
A five-season contract was signed last year which allowed Premier Sports to show 20 Premiership games a season, but they were only permitted pre-split matches. However, positive discussions between the pair and Sky Sports, the league's other broadcast partner, means further games will now be available for fans. Premier Sports will now screen 22 live Premiership games a season. Read more: SPFL chief executive Neil Doncaster said: 'This is great news for Scottish football fans and our William Hill Premiership clubs. 'We know supporters have been keen to tune into the most exciting games in the bottom six as clubs battle to avoid relegation, and we've been discussing that situation with our broadcast partners over recent months. 'We'd like to thank Sky Sports and Premier Sports for their support in agreeing this change to their broadcast contracts, and for their continued excellent coverage of our national game.' Richard Webb, director of operations at Premier Sports, commented: 'We're delighted to be expanding our SPFL coverage to include the matches that matter right to the very end of the season. These post-split games often carry huge drama and significance and we're proud to bring them live to fans from next season. 'We would like to thank the SPFL and Sky for making this possible. Alongside our growing portfolio of Scottish football coverage, this is another great step forward for Premier Sports in Scotland.'
