Did you know that a new billionaire was created every 30 hours during the Covid pandemic? This is according to a new Oxfam report which reported that 573 people became billionaires during the pandemic, with 5 new billionaires minted in Australia in a single year. Billionaires have been profiting Of course, we know that during…
The slowdown of Australia’s property market has worsened as rising mortgage rates and high property prices see buyer demand slump further, according to the latest PropTrack Housing Market Indicators report. The report shows that demand from prospective buyers continues to slip back from the extreme levels witnessed in 2021, as expectations of price falls dampen…
Whether your property is new or not, making sure it’s in top condition when you put it up for sale or for rent is crucial. Some places might need more than just a spit and polish, and that’s where you want your money to work smarter, not harder. Ideally, you want a champagne renovation on…
Australia’s pandemic property boom looks like it has come to an end, with new figures showing house and unit prices either stagnated or fell for the first time since the June quarter of 2020. And the price shift, amid jitters over rising interest rates, has affected some types of properties more than others. 2-bedroom houses…
Australia enjoyed a “once in a generation” property boom over the last couple of years where the value of most properties increased by 20% in many cases up to 30%. However recent Proptrack data revealed that the median house prices increased by 100% or more in 96 Aussie suburbs. Sunshine Beach in Queensland ranked as…
While Australia’s property market started strongly in 2022, an increasing cash rate and concerns about inflation saw property price growth drop across capital cities for May for the first time since the Covid-19 pandemic began in early 2022. Nationwide, property prices dropped 0.11% in May to a new median of $691,000, according to the latest…
Digital real estate in the virtual metaverse is fast becoming the hottest property on the market and is tipped to boom in value within just a couple of years. Here’s everything you need to know about metaverse real estate – the costs, the investments and the risks. What is metaverse real estate? The metaverse is…
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…
