Here’s something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May 2022. On each occasion, its rationale was that by making borrowing more expensive, it would…
Australia’s inflation rate has fallen for the fifth successive quarter, and it’s now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in the March quarter figures released on Wednesday, leaving it within spitting distance of…
Property investments may prove to be very profitable, however, they also come with risks, especially in a dynamic market like Australia’s. Investors can maneuver these uncertainties while being sure of what they are doing armed with appropriate instruments and knowledge. One such tool is financial forecasting which is a method that uses accounting information to…
Earlier this month, a Hong Kong company lost HK$200 million (A$40 million) in a deepfake scam. An employee transferred funds following a video conference call with scammers who looked and sounded like senior company officials. Generative AI tools can create image, video and voice replicas of real people saying and doing things they never would…
![Wealth Needed to Join the Top 1%, by Country [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/08/rich-people-270x200.jpg)
The last decade has witnessed a remarkable surge in the global number of millionaires. By 2022, 1.1% of the world’s adults were millionaires, up from 0.6% in 2012. So, how to know if you belong to the top 1% in your country? In this infographic, we illustrate the net wealth required to enter the club in selected…
Considering the rate at which things are moving in today’s world, short-term rentals have become a great way for property owners and investors to make money. However, as more people get into this business it becomes necessary to find out what works best and use all available means so that you can stay ahead of…
Want to save the planet? Or money? Your goal doesn’t matter! Conserving water in North Shore is all you need. Water is a valuable resource. To survive, both plants and animals depend on water. However, people in areas with plenty of water usually take water conservation for granted. It has become apparent that access to…
Roofs are similar to icing on a cake as they beautify the house and add personality to it. If you have just taken a quick look at roofs, you have likely noticed different designs. Every roof provides protection for the home, but each design varies in slope and composition. Continue reading to discover seven unique…
If the dreaded black spores are invading your rental property, you want to deal with them quickly. But just who is responsible for removing mould? It starts as one little spore, then two… and, before you know it, there is a horrible black fungus spreading, well, like mushrooms. Like all fungi, mould grows best in…
The federal government’s Help to Buy scheme is before the parliament. Both the Coalition and the Greens are opposed to it. If the bill is passed, the government will provide an equity contribution of up to 40% of the purchase price of a new home, and up to 30% for an existing dwelling, with buyers…
