There are around 9 million Australians (which accounts for 35% of the population) living in suburbs classified as ‘childcare deserts’, where children outnumber childcare spaces by more than 3-to-1. A new report, published by the Mitchell Institute and Victoria University, maps out the shortage of childcare services across every neighbourhood in the country and compares…
For the first time in 11 years, the RBA increased rates and we’re still expecting them to increase sharply over the rest of 2022. We already know that there’s a slowdown in-home price growth in part due to affordability issues, concerns with overseas geopolitical tensions, an upcoming election, and rising inflation, but no doubt exacerbated…
Clearly, it’s harder for young Australians to save their deposit to get into the property market. And it’s nothing new this to be blamed on their unnecessary spending. I remember a couple of years ago leading demographer Bernard Salt wrote a column linking the inability of many young Aussies to enter the housing market with…
While Australia’s property market started strongly in 2022, concern about an increasing cash rate, rising inflation, overseas geopolitical issues and an ongoing federal election campaign saw property price growth stall across our capital cities over the last few months. In April, prices across the country increased at their slowest monthly pace since May 2020, the…
There are probably just as many traps as there are tips when it comes to property investment. The thing is property investment tips or opinions are just like belly buttons… everyone has one but they’re not really useful once you’ve been born! I’ve developed our property investment strategy over many years, but not everyone has to…
While the property pessimists out there will give many incorrect reasons why we can expect an impending property market crash, there is one thing that continues to underpin and strengthen property values – the number of first home buyers entering the market. Thanks to the latest government initiative to help first home buyers step on…
Inflation expectations are simply the rate at which people—consumers, businesses, investors—expect prices to rise in the future. They matter because actual inflation depends, in part, on what we expect it to be. If everyone expects prices to rise, say, 5 percent over the next year, businesses will want to raise prices by (at least) 5…
Australia’s third largest home loan lender, NAB, has today hiked fixed rates for the fourth time this year. NAB has made its fourth round of fixed-rate hikes for 2022, with the major bank increasing rates by up to 0.60% for owner-occupiers and 0.80% for investors. The major bank has increased owner-occupied rates by 0.60% for…
While Australia’s property market started strongly in 2022, despite concerns about a cash rate increase and the continuing Covid-19 Omicron outbreak, it’s clear that price growth has now slowed across the country. Interestingly, the shift has seen a divide opening up between the suburbs where prices are plateauing and those which are still on the…
Are you still living at home with mum and dad? Well…according to new research by Finder, young Australians are putting off homeownership in favour of staying at home with their parents. The survey asked Australians how old they were when they reached major life milestones, if at all. The research found a stark housing generational…
