In a year marked by economic upheavals and cost of living pressures, Australian households have not just survived; they’ve thrived. Believe it or not, the average wealth per household in Australia has now surpassed the $1.5 million mark. Yes, you read that right—$1.5 million! But let’s unpack what’s really going on here and why it…
There’s been a lot of noise again about allowing first-home buyers to dip into their superannuation to purchase a property. It’s not a new idea—the Morrison government floated it in 2022, and now it’s resurfacing as a potential vote-winner for the Liberals ahead of the next election. At first glance, it sounds appealing, doesn’t it?…
Most homeowners keep a close eye on interest rates. After all, it’s one of the biggest factors influencing mortgage repayments. But there’s another rising cost that has been quietly creeping up—one that you can’t negotiate, refinance, or shop around for. Council rates. Over the past decade, council rates have surged by 39% nationally, outpacing inflation…
Is Australia on track to meet its housing goals? Well, the latest data says…not quite. According to the latest PropTrack New Homes Report (January 2025), while there’s been some progress, we’re still falling short of the ambitious 1.2 million new homes target set under the National Housing Accord. Karen Dellow, Senior Data Analyst at PropTrack, …
So what will 2025 bring? According to Canstar, millions of Australians could see financial relief in 2025 with changes afoot aimed at easing cost of living pressures. S0 let’s look at 8 ways you may be better off financially in this new year 1. Rate cuts: While RBA cash rate cuts are not guaranteed, they…
Is Australia facing a rental market meltdown? Well, new research from the Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA) reveals a critical shortage of property investors is further fueling the nation’s escalating rental crisis. Findings from the research show that over the past five years, Australia has fallen…
Are we still the “lucky country,” or are we seeing a steady erosion of our living standards? According to Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Investments, the answer might not be so clear-cut. In a recent Oliver’s Insight, he warns that “falling real wages and a surge in tax and…
Are Australian mortgage holders finally catching a break? New data from Roy Morgan hints at a turning point in the battle against mortgage stress. In October 2024, the proportion of Australian mortgage holders identified as ‘At Risk’ of mortgage stress dropped to 28.3%. This marks the third consecutive monthly decline and represents a 1.2 percentage…
