![Employment surges back to pre-pandemic levels, unemployment falls sharply to 5.8% [7 charts]](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/11/jobs-270x200.jpg)
Employment surged in February with jobs growth of 88,7000 which were all full time jobs. This meant our unemployment levels fell much more than expected, down five tenths to 5.8% from 6.3% in January (revised down from 6.4%) The surge in employment now takes the level of employment back to pre-pandemic levels with both full-time…
Do you think it’s the right time to buy your next property? I know many property investors and homebuyers do. But the most recent Westpac Melbourne Institute Consumer Sentiment survey published last week showed upbeat general consumer sentiment with house prices expected to pick up further by consumers, yet it was not a wholehearted endorsement…
Is it time to put a regional town on your list of areas to consider investing in? There is certainly a lot of hype in the media along with the usual property commentators who have a regional bias. Many are suggesting investing in regional Australia because more of us are going to want to work…
There’s no doubt that the lending environment is different than it was a few years ago. The banks are in the business of lending money and they’re friendly than they have been for a long time now that they realise they don’t have to make provision for all those bad debts that were forecast only…
If you’re anything like many people, you probably think your ticket to financial security is just a pay rise away. “If only I earned more money,” you think, “then I could get ahead financially…” But do you remember the last time you got a wage increase? Where has that extra cash gone? We all have…
After suffering a challenging 2020, including a number of lockdowns, the Melbourne property market is on fire. And it is well documented that the price gap between Melbourne houses and units has widened over the last couple of years. While family-friendly apartments in smaller low-rise blocks are still popular, the closure of our international borders…
Westpac has lifted its forecast for dwelling prices with 10% gains now expected in both 2021 and 2022. The bank then expects this boom to be followed by a flattening out in 2023 as rising fixed-term interest rates, combined with prudential measures aimed at reining in the associated lift in leverage. These headwinds are not…
More than a quarter of Aussies admit to being less than truthful with their partners about money, according to new research by Finder. The nationally representative survey of 1,004 respondents revealed that more than 1 in 4 Australians (28%) has lied to, or been lied to by a partner about their finances. The survey found…
With romance scams at an unprecedented level ahead of Valentine’s Day, Australians are advised to do their homework on any would-be suitors. According to the Australian Competition & Consumer Commission’s Scamwatch, there was a 30 per cent increase in romance scams reported for 2020, with over 3,500 scams inflicting losses of more than $37.2 million….
Are you, or someone you know looking to buy a property this year? Statistics suggest that more than two-thirds of Australians believe NOW is a good time to buy real estate. So, chances are it is either you, a friend, a family member or even all of the above. Of course, it will be another…
