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…
Australia is going to look a little different from 1st July – there are some big changes across areas of finance and insurance are coming in the new financial year. It’s an important mid-year milestone with the introduction of many big rule changes such as new laws and regulations, fees and charges and taxes and…
There is a lot of concern that at the end of September when the current deferral scheme and government support packages expire Australia is going to fall off of a “Financial Cliff.” To save lives, governments moved quickly to stop the spread of coronavirus. When the economy was crushed by restrictions on movement and “normal…
There is no doubt that our property markets have slowed down considerably over the last couple of months. So how are those who sold their house recently feeling? Not surprisingly national research by RateMyAgent revealed property sellers are beginning to feel unhappy with housing prices, as vendor price satisfaction decreases by 5%, which may be…
The COVID-19 Coronavirus pandemic hit the Australian economy hard and one of the casualties was jobs. The rising unemployment numbers reinforces just how quickly the economy has slowed, and despite the horror of the numbers reported, things still have a way to go before we reach the bottom. So how many people are really unemployed…
What will Melbourne look like in the future? Melbourne hails as the world’s most liveable city – in fact it’s won that accolade for 7 years in a row. And Melbourne’s population has been growing at around 2% per annum. This means our population will grow by around 10% in the next 5 years!…
Despite predictions of property prices tumbling because of distressed sales, recent data from Domain shows that most capital cities around the country have seen only very marginal increases in distressed listings, while in Canberra and Brisbane the number of distressed listings has actually fallen. The property pessimists are suggesting that many first homebuyers and investors have…
Have you seen some of the headlines recently with regards to property prices? Some headlines have suggested our property market could drop anywhere from 20% – 40%!!. Admittedly, rather than opting for a balanced viewpoint, the media elected to take the word of the usual doom merchants. But it certainly made me think twice and…
Everyone is aware that there’s a bit of friendly (and sometimes not-so-friendly) generational rivalry going around between the Baby Boomers and the Millennials, with a lot of spicy debate around which generation faces the biggest number of issues. Millennials think Baby Boomers inadvertently set them up to fail – while Baby Boomers believe their younger…
