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…
Australia’s $3 million suburb club has doubled again in 2021 thanks to the housing market boom, as the luxury property market powers ahead during the pandemic. The hot pace of property price growth this year has led to more suburbs cracking the $3 million median house price, realestate.com.au senior economist Eleanor Creagh said. “The luxury…
We know that Brisbane property values have increased by over 22% in the last year, but who is driving this demand for Queensland property? Home loan data allows us to identify who is buying and therefore driving demand for property. Figure 2 shows that at the beginning of Covid-19 there was a dip in the…
Call me biased, but I think Queensland is a great place to live and Brisbane property is a great place to invest. It’s no secret that Queensland offers a lifestyle you are hard-pressed to find elsewhere. With an appealing climate, boundless natural beauty, and with Brisbane, a more affordable option to other metropolitan areas such…
Here’s some great news for those interested in investing in Brisbane. Queensland is set to experience a “once in a generation” infrastructure boom in the lead-up to the 2032 Olympics. According to Dr. Nicola Powell, author of Domain’s Queensland Spotlight Report as a result, infrastructure across Gold Coast, Brisbane, and Sunshine Coast will vastly improve and…
There is a serious problem regarding home loans, which is affecting tens of thousands of Australians according to Doug Mathlin, founder of Smart Borrower. He believes too many Australians are paying too much interest over the life of their home loan. So he wrote a letter to Federal Treasurer Josh Frydenberg proposing what he said…
The most popular suburbs for property deals have been revealed, with the Domain House Price Report showing a trend to sea-change or tree-change hotspots or outer suburbs offering more space. At the same time, inner-city unit markets have been busy, with first-home buyers taking the opportunity to purchase from investors who need the cash while…
Aussies lost $851million lost to scams last year as the Covid Pandemic became a fraudster breeding ground. A recent study in the US ranked the 10 apps where people are being scammed the most in 2021 and Facebook came in at No. 1. A record $4.2 billion was lost to online scams in 2020 in…