Believe it or not…Australia has 46 new million-dollar suburbs despite the Coronavirus induced recession. Melbourne saw median house prices in 24 suburbs exceed the seven-figure threshold this year, while Sydney had 15 and Brisbane, seven. Despite everything that’s been thrown at them, our property markets have remained remarkably resilient. And the upper end of the…
Property investment is not something you should ever enter into lightly. But for some reason, that’s what a lot of people who have dreams of making millions with real estate do. They think, ‘I can go out, buy a house somewhere, stick some tenants in it to pay the mortgage and make a killing! How…
There’s some good news amongst the terrible unemployment figures. In July 12.5% of the workforce (1.79 million Australians) were unemployed. This is a significant drop of 262,000 on June as the Australian economy – with the exception of Victoria – continued to re-open. An additional 1.5 million Australians were under-employed (10.5% of the workforce), up…
There’s no way any of us are going to forget 2020. Each generation has had their defining moments, and it is likely that for Generation Z (born 1995-2009) and Generation Alpha (born since 2010) it will be how COVID-19 took hold of the world in 2020. Cording to leading tomography Mark McCrindle, the age at which we’re…
Want to know where Australia’s biggest income earners live? The latest taxation statistics for 2017-18 which are based on the tax returns of 14.3 million Australians tell us where they are. Seven of the nation’s average highest-earning postcodes are in NSW, while six of the lowest-earning postcodes are in Queensland. Sydney’s eastern suburbs dominated the…
There has been significant growth in small house living, but that doesn’t mean Australia should go in big on them. Don’t let their sizes fool you – the tiny house movement is big. These micro-scaled homes are populating Instagram feeds and, even have a Netflix series aptly named Tiny House Nation. Championing a simple-living alternative…
This week the Australian Bureau of Statistics revealed it releases unemployment rate of 7.4% for June. Amongst the bad news was the good news that the number of employed people increased and the participation rate increased – in other words more people were seeking work as the restrictions imposed by Covid-19 started to ease around…
The COVID-19 shock finally showed its impact on housing finance data. New lending by both owner occupiers and investors has recorded the biggest monthly fall on record, but Prime Minister Scott Morrison says it’s still too early to make any calls on any house prices. “I think it would be as little premature to be making…
Two major government schemes restart today as the new financial year begins, but comparison site RateCity.com.au is warning Australians to think before they jump in. From July 1, eligible Australians financially affected by COVID-19 will be able to access up to $10,000 extra from their superannuation. Round two of the First Home Loan Deposit Scheme…
One area that is facing a longer lasting Coronavirus impact and which will have an important bearing on our housing property markets is migration flows. Immigration has been a key driver of Australia’s population growth and economic growth, but what happens now that our borders are closed? The coronavirus is driving the biggest population decline in…
