RSM Australia

Property and construction

property and constructionThe property and construction industry in Australia is a significant driver of the nation’s economy and in many respects is a thermometer of the financial health of the country. 

The sector plays a vital part in shaping the country and rest of the world.

It is one of this country’s most important sectors, particularly in the way it exerts major influence over other industries including manufacturing, wholesale and retail trade and finance industries in supplying components, fittings and furnishings as well as parts of the architectural and engineering professions for their design and erection methods.


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Our team of advisors to the property and construction industry are recognised for their extensive experience in the sector. Our experience within the industry includes residential, commercial and industrial construction, property development, property investment and commercial and retail property management.

We have relationships with industry bodies which allows us to stay in tune with the issues affecting the constantly evolving environment that our clients operate in.

Payment of employee bonuses

Recognising the hard work of employees is important to ensure morale remains high in the workplace and that quality workers are retained in your business. One of the easiest ways to reward employee excellence is through the payment of employee bonuses. 
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Case study: Dial Before You Dig

"What I like about RSM is that they are a really easy company to deal with and they’ve taken the time to understand our business and their breadth of expertise across the country and they’ve really made our life a lot easier".   Ben Howell, Chief Executive Officer
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Case study: Rilow Property Group

In less than 10 years, founder of RILOW Property Group Richard Whitehead has done what some property developers can only dream of achieving in a lifetime.
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Case study: McNab

"What I find dealing with the firm is that they are real people, they really understand the construction industry. I think that’s a very important part of what they offer to me and the business at McNab.
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GST on residential premises - legislation delayed

The Bill containing the legislation dealing with GST on property transactions will not be introduced into parliament until the autumn parliamentary sittings at the earliest, but it is our understanding that there is no change to the commencement date for the new regime, which remains 1 July 2018.
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New GST Legislation released - Developers and Home Builders beware

On 6 November 2017, Treasury published an Exposure Draft of legislation that will require purchasers of new residential premises and lots in new residential subdivisions to pay an amount equal 1/11th of the
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Long-term construction contract ruling | Draft ruling issued

In 1987, Aretha Franklin finally got the respect she deserved by being the first woman inducted into the Rock ‘N’ Roll Hall of Fame. Also that same year, the Australian Taxation Office (ATO) released Income Tax Ruling IT 2450 to determine how to return income and recognise expenses on long-term construction contracts.
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New 12.5 percent withholding tax on property transactions

To ensure Australia captures as much tax as possible from property transactions a new withholding tax has been introduced and will apply to contracts entered into on or after 1 July 2017. Under the new provisions where a foreign resident disposes of:
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Case study: Porter Davis Homes

“The ease with which we do business is a big tick box – supportive as well as providing the right advice. Our willingness to recommend RSM as an organisation would be absolute”. - Paul Wolff, Director Sales and Marketing, Porter Davis Homes
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Non-resident? Understand the new NSW property taxes that could affect you

If you are a ‘foreign person’, you may now find yourself subject to two additional surcharges recently introduced in NSW regarding residential land and real estate purchased and owned. The two new surcharges include:
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