Every study shows that the rich are getting richer. And in most countries, the gap between the rich and the poor is widening. Wealth inequality in the US is at near record levels. Over the past three decades, the share of household wealth owned by the top 0.1% of Americans has increased from 7% to…
Predictions of the demise of manufacturing in Australia as the economy slowly becomes more service oriented are increasingly widespread. The reason – we are told – has mostly been an uncompetitive labour cost structure. We just can’t make stuff as cheap and as quickly as they can in China, Vietnam or India. But there are…
It seems to me that now we have the Federal Budget out of the way the Melbourne property market is continuing its climb. But how long will it last? While there were not a lot of positives in the budget for investors, it certainly could’ve been much worse. And that’s the point…. After weeks of…
Two minute read. Fast facts 25 to 44 years 3.3 people per household 36% no children at home 30% couples or living alone A projected 26% of total new housing demand over next decade (in this case, for the Brisbane outer suburbs) Brief description HECS Portfolio work, not long-term work commitment Partnering later Parent as…
With the Australian Prudential Regulation Authority (APRA) clamping down on interest-only loans, experts and economists think interest-only borrowers may have a hard time refinancing to principal and interest loans, according to finder.com.au. All 33 experts and economists in the monthly finder.com.au RBA survey, which is the largest of its kind in Australia, are expecting the…
There’s certainly been a plethora of new units being built in our biggest capital cities. Some of these developments could be investment grade, but many are aimed directly at the investment market (but that doesn’t make them investment grade) and interestingly many also have no car park attached. So, how important is a car park…
Thinking of selling your home or investment property? I would like to share a few classic property seller mistakes I’ve noticed. The first one is failing to “Showcase”. In spite of how frequently this mistake is addressed and how simple it is to avoid, its prevalence is still widespread. When attempting to sell your home…
Life is full of lessons – some good, some difficult. But the the most important thing is to be able to learn from every lesson that comes your way and move on. Here’s 15 inspirational quotes on moving forward: “If we will be quiet and ready enough, we shall find compensation in every disappointment.” –…
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