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sports Your Tackle World Moruya Fishing Report

Moruya River. Now that the winter sols ce has passed us, the days will slowly start to get longer and in turn warmer. This will take a bit of me though. So, for the me being, we will have to make the most of what’s available.

Luckily the fishing in the river has been really good to date, with Tailor, Flathead, Bream and Trevally all being taken again this week. The en re system is fishing really well. Look to the deeper holes for the best chance of success. So plas cs , metal blades and good old baits have all been taking fish. The lower sec ons of the river will have slightly warmer waters, where the ocean influence is greater, while the upper reaches will be cooler where the dal reach isn’t as high. Tuross River. Will li le to no rain to speak of, the en re Tuross system is in really good condi on, with fish being taken throughout the whole system this week. Tailor, Flathead, Bream and even the odd salmon have been found throughout the system. All manor of presenta ons are working at the moment, from plas cs to baits, fish are being taken on whatever you choose to throw. The deeper holes will be holding be er fish as the temps drop, so look for these for the best chance at success.

Rock and Beach. Salmon and Tailor have dominated the captures this week, with Moruya breakwall firing on the salmon. The Tailor have been most ac ve during the low light periods of dawn and dusk. So if a feed of Tailor interests you, try hi ng the local beaches, headlands or the breakwall first thing in the morning or last thing in the arvo.

There are s ll some bream and the odd whi ng holding in close, with some sizeable Trevally reported from the local headlands! The drummer will also start to become more prevalent from the stones as the water temps drop. With minimal swells forecast this weekend and li le winds, a session from the stones could well be on the cards.

Offshore. Snapper and flathead con nue to be a staple for those venturing out. The forecast for the weekend looks to be favouring an offshore trip for crews this weekend. As per normal, check the forecast for yourselves, and if crossing Moruya bar, stop and watch first! With our 18th Birthday sale rapidly approaching, we will be running store wide savings of nearly everything in store. We have also put together a really nice collec on of prizes from our suppliers. We are combing all of these together into 1 big prize that will be available for everyone to have a chance of winning. For every $50 spent in store on July 9th you will receive a cket that will you put you into the draw for the major prize. There will also be minor prize bags available from several of our major suppliers. We are looking forward to seeing you all on Saturday the 9th of July to help us celebrate our 18th birthday!! Stay safe everyone and remember, “everyday’s a good day for fishing…” Team Tackle World Moruya.

South Coast Property Specialists (Carlene Franzen) Tips #1102: Annual Land Tax - A (Small) Toe in the Water

Last week we reported that Premier Dominic Perrottet has planned to overhaul stamp duty on property purchases calling it “the worst tax that any government can have”. We also noted that he didn’t think they could proceed without financial assistance from the Federal Government due to the huge impact on annual revenues. So far, the Federal government has not been forthcoming to support this initiative. Part of the issue with Stamp Duty, as it relates to government revenue, is that it fluctuates so much on an annual basis and is therefore difficult to plan for. For example, in 2021 the NSW government received $9.6 billion from stamp duty which was approximately 25% of the total tax revenue and the highest level of stamp duty ever recorded for a single year. In comparison, in 2020 the revenue from stamp duty was 28% less than the 2021 windfall. As many you would have seen, the NSW government released its new budget on Tuesday and has broached the subject of stamp duty reform with what we would call “putting a (small) toe in the water”. The new initiative will start on the 16th January 2023 and is only available for first home buyers who will have the option to choose between an upfront payment (stamp duty) or a smaller annual property tax if they are purchasing a property up to the value of $1.5m. However, first home buyers in NSW are already eligible to apply for a full stamp duty exemption for properties up to $650,000 or a concession on property between $650,000 - $800,000 so as you can see the new initiative is quite narrow in its focus. The government believes it could be taken up by roughly 55,000 people per year. Also, the budget has only allocated $728.6m over the next four years to account for the expected shortfall in revenue. The budget did provide further details of how the annual land tax will work. Owners will be charged $400 plus 0.3% of the land value of the property. It is important to note the 0.3% relates to the land value and not the purchase/sale price of the property. If nothing else, it will be an interes ng period to see how many people choose to opt in to such a system which importantly locks that property into the annual land tax system in perpetuity. Longer term, it will also be interes ng to see the reac on by future purchasers, both posi ve and nega ve, once these proper es start circula ng in the market.