Did you know that more than 80 per cent of Australia’s houses have less than half the energy efficiency rating of homes built to today’s standards? That’s a staggering statistic, but it also highlights a growing issue for homeowners and property investors alike. With rising energy costs and increasing environmental awareness, buyers are now seeking…
Australia’s housing affordability has become an increasingly pressing issue, that will surely remain in the news as the federal election looms. Recent data highlighted the significant challenges facing prospective home buyers. In early 2024, the median house price surged to 8.6 times the median gross disposable household income, a significant increase from 4.9 times in…
Australia’s housing shortage has reached critical levels with a deficit of over 200,000, and the gap between supply and demand in the housing market is only widening. A recent analysis by independent economist Tarric Brooker sheds light on just how severe the problem has become. On X (formerly Twitter), Brooker provides a realistic picture of…
This Christmas, many Australians won’t just be decorating their homes—they’ll be struggling to keep them. New research commissioned by Master Builders Australia, reveals the staggering depth of Australia’s worsening housing crisis. Among 1,600 voters surveyed, 90% believe it’s difficult to afford to buy or rent property, while 85% agree there is a shortage of housing….
Have you noticed how some Australians seem to be tightening their belts while others continue spending with little restraint? The latest CommBank iQ Cost of Living Insights Report highlights an emerging disparity between younger and older Australians in their financial habits, painting a vivid picture of the economic challenges and opportunities shaping the nation. According…
In the current property market, where interest rates are relatively high and borrowing capacity is reduced across the board, the last thing you want to do is shave any more off of your borrowing power. After all, even as an investor, the last thing you want to hold you back from securing an additional asset…
For many young Australians, the dream of homeownership has felt increasingly out of reach. Gen Z, in particular, has been facing a perfect storm of rising property prices, stagnant wage growth, and increasing living costs. It’s no wonder their outlook on entering the property market has been less than optimistic. But leading demographer Simon Kuestenmacher…
As the world continues to embrace the flexibility of hybrid work, a new trend is reshaping the way we think about vacations: the “workcation.” Combining work and leisure, workcations allow employees to extend their holidays while maintaining their productivity, thanks to the freedom to work from almost anywhere. And in this new global landscape, Sydney…
Want some advice about how to be more successful? When Kevin Kelly, the founding editor of Wired, turned 68 he shared 68 bits of unsolicited advice. Now that’s a great idea, and something I may try when I turn 68, but that’s quite some time off, so in the meantime here is the number of…
Property investors are exiting Melbourne. In May, over 3,000 property investors decided to leave Melbourne, marking a 34% increase from the previous year, according to an article from the AFR. The article noted that nearly 4,000 ex-rental properties across Victoria were put up for sale, exacerbating the already critical shortage of rental options. Why is…
