We’ve all received promotional texts and phone calls, but do you know how many of them were scams? The number is staggering, particularly when looking at the last 12 months. An alarming number of Australians have been contacted by a scammer in the past 12 months, according to new research by Finder. Ahead of Scams…
As we move our way out of our Coronavirus Cocoons Australia’s economy, and in fact, the world economies, are looking positive for the years ahead. Recently the Economist’s Intelligence Unit forecast that the post-pandemic recovery will continue in 2022, with global GDP expanding by 4.1%. However, this rebound will mask great variations in the pace…
Being good with money is a skill you can learn. Some people complain they aren’t very good with finances — they argue they don’t have a head for numbers — but I believe everyone can become wealthy if they know how. Part of it comes down to smart investments, sure, but the other, equally important part,…
New lending rules are about to kick in, which will limit the amount people can borrow from the bank. From Monday 1st November, banks must make sure new home loan applicants can repay their mortgage if rates rise by 3 per cent. The current ‘stress test’ is 2.5 per cent above current rates. APRA, the…
Have you ever bought Ikea furniture? I know I have and it had me wondering about Ikea’s history. Looking back through 70 years of IKEA catalogues tells a tale of style innovation, retro trends, the rise of the Scandi lifestyle, and a flatpack living room that would evolve across generations. To illustrate this, HouseholdQuotes scoured…
Is your financial situation affecting your relationship? If so, you are not alone, according to recent research results from Finder. No savings, unpaid debt, and poor financial knowledge have all led to Australians getting dumped. A nationally representative survey of 1,007 respondents revealed 1 in 8 Australians (13%) have been through a breakup due to…
Soaring house prices might be a thorn for first home buyers, but the property boom in recent years has seen existing borrowers’ equity skyrocket. RateCity.com.au research shows in Sydney, an owner-occupier who bought a median-priced house in September 2019 with a 20 per cent deposit, paying principal and interest on a 30-year loan term has…
![The 25 Richest Countries in the World - Here's Where Australia Sits [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2015/08/world-globe-puzzle-coins-economy-270x200.jpg)
Which are the richest countries in the world, by nominal GDP per capita? This map looks at the top 25 countries and Australia sits at # 10. Yes despite the pandemic, the average Australian is wealthier than ever. Despite all the challenges Covid has thrown at us wealth is up 19.7% on a year ago…
House prices in some of Australia’s more popular school catchment areas have soared by as much as 46% over the past 12 months. Parents are paying a premium for homes in locations that make their children eligible for enrolment in high-performing or popular government schools according to the 2021 School Zone Report by Domain Group. Domain’s…
There’s a new sway of million-dollar suburbs in Melbourne suburbs where the median house price has cracked one million dollars according to the REIV. While Melbourne housing values suffered because of its extended lockdown which severely impacted market activity in 2020 since late October the Melbourne property market has rebounded strongly despite its intermittent Covid…
