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…
Insurance is one thing that many Aussies overlook. But whether you’re a homeowner or investor, it’s important to make sure you’re covered against anything happening to your property. And for strata-titled properties, building insurance is included in your quarterly owner’s corporation or body corporate fees so owners just need to ensure they have adequate cover…
The total amount of money stashed in offset accounts has hit another record high of $271.72 billion, as borrowers continue to stash cash in their mortgages despite the rate hikes, according to the latest APRA Quarterly ADI Property Exposure statistics data This amount is $43.67 billion higher than it was before the rate hikes began….
Millions of Australian homes are at risk of natural disasters and most homeowners are unaware, leaving them sitting ducks and potentially uninsurable, according to Domain’s 2024 Perils Report. Domain CEO, Jason Pellegrino, emphasized the urgent need for Australia to build viable, livable communities as the climate changes. Mr Pellegrino said: “Australians are struggling. Affordable housing…
