Sydney Housing Market Update [Video] – November 2016

The Sydney market finished the month as the most expensive capital city with a median dwelling price $800,000.  The Sydney property market continued as the stand out based on annual capital gains, recording the largest year-on-year increase; dwelling values are now 10.6% higher over the past 12 months. Detached houses (+10.9%) are showing only a slightly higher…

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Believe it or not – 1 in 5 Australians own an investment property

One in five Australians own an investment property, with Gen Y leading the pack according to ING DIRECT’s latest Financial Wellbeing Index.  Despite tightened investor lending and signs that the property market is slowing, investor demand has continued to grow with the number of Australians investing in property growing by three per cent since mid-2015….

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Real Unemployment in Australia is now 9.2%

What’s the “real” unemployment rate in Australia? According to Roy Morgan Research, in October a total of 2.454 million Australians, 19.1% of the workforce, were either unemployed (1,188,000) or under-employed (1,266,000). This is up 256,000 (up 1.7%) from October 2015. 1.188 million Australians (up 78,000 since October 2015) are unemployed and these real unemployment figures are…

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