Sport and Fishing………. 38 to

Tackle World Moruya Fishing report 18th Nov 2022

Moruya River. The river con nues to improve yet again this week. Now we just need the day me temps to come up a er a rather chilly week! There have been plenty of flathead on the move as the river temps and clarity markedly improve. There have been the usual chopper tailor down around Preddy’s wharf as well as few trevally. As the water temp increases the bream ac vity will con nue to also improve. Fingers crossed we will see some whi ng ac vity back over the flats this summer. Further upstream around the town bridge the. Flats in the centre of the river have been holding flathead and the odd bream. Both Adam be targeted using live nippers or so plas c presenta ons. Tuross river. Tuross con nues to prove itself that areas premier flathead fishery this week, with plenty of good sized flathead being caught and released. With river condi ons con nuing to improve throughout the system, fish can be found wherever you are prepared to look. Four ways has bream producing good bream from the snags and the adjoining holes. Up around the Bodalla bridge, the river has cleared up, and reports of flathead and bream are top of conversa on. The seals that had gone downstream with the rains have reappeared back up around the Bodalla bridge, no doubt back chasing the bait sources up there. Rock and Beach. Salmon have been the main stay along most of the local beaches, headlands and breakwalls, with a few trevally also being taken around the Broulee island area. With the warmer waters around you can expect to start seeing a few whi ng and bream in the beach gu ers in close chasing worms and pipis. Offshore. With the winds that have been prevailing this week, I haven’t had too many reports from outside. My best guess would be that there are s ll good numbers of both flathead and snapper to be had in around the magic 30-40m mark and around the ar ficial between the Moruya breakwall and Broulee. We are well and truly stocked with all sorts of goodies in store now. If you haven’t been following our social media posts, we are now your local Kings Adventure stockist. We have lots of new kings product in store, from driving lights to swags and gazebos and everything in between. Come in and checkout the new gear, perfect for Xmas presents of summer camping adventures.

Stay safe everyone and remember, “ everyday’s a good day for fishing…” Team Tackle World Moruya.

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South Coast Property Specialists (Carlene Franzen) Tips #1123: Stamp Duty Reform Underway

NSW Premier Dominic Perro et has announced that his (ini al) reform to Stamp Duty is now up and running. He said in a na onal first, first home buyers will now be able to choose between paying a smaller annual property tax or an upfront stamp duty on their first home. “First home hopefuls will now be able to a end auc ons and inspec ons this weekend across NSW knowing that the First Home Buyer Choice is on the table,” Mr Perro et said. “As prospec ve buyers inspect homes this weekend, they can now choose to opt into the First Home Buyer Choice and receive a refund in January on the upfront stamp duty they pay for homes valued up to $1.5 million. “From January 16, first home buyers who opt into the annual payment won’t have to pay any stamp duty at all.” Treasurer Ma Kean said the new program signed into law today would help thousands of young people and families shave about two years off the me needed to save for a deposit. “Young families can save thousands in the long run by op ng for the annual payment, with Treasury es ma ng about two-thirds will choose this because of the financial benefit,” Mr Kean said. “There’s no limit on the number of eligible first home buyers who can apply for the First Home Buyer Choice.” First Home Buyer Choice details:  Eligible first home buyers who sign a contract of purchase on or a er 16 January 2023 will not have to pay stamp duty, provided they choose to pay the property tax before their purchase se les.  Eligible first home buyers who sign a contract of purchase between 11 November 2022 and 15

January 2023 will also be able to choose the property tax:  For this group, applica ons to choose the property tax can be made at any me between 16 January 2023 and 30 June 2023.  If se lement occurs on or before 15 January 2023, they will need to pay stamp duty, and then will be able to apply for a refund of the stamp duty from 16 January 2023.  If se lement occurs on or a er 16 January 2023, and they have chosen property tax, they will not need to pay stamp duty.  These transi onary arrangements are necessary as me is needed to allow industry par cipants to update their electronic conveyancing systems to facilitate first home buyers op ng into the new system. Analysis shows that if a first home buyer purchased a $1 million house and sold it 10 years later, which is around the median holding period, the annual property payments over the 10 years would total $19,881 in present value terms compared with $40,090 in upfront stamp duty - a saving of $20,209. The NSW Labor opposi on don’t like the idea at all and have promised to repeal the legisla on should they win next year’s elec on. In coming weeks (depending on the other property news) we will cover off the details of why the Labor party opposes the changes. As always we recommend that if you qualify as a first home buyer under this scheme, please get professional advice from your accountant or solicitor before making a decision.