![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…
Have you ever caught yourself daydreaming about retiring on a sunny Caribbean island? If so, you’re not alone. The Caribbean has become a top retirement destination for good reason. Have you ever considered joining the growing number of retirees flocking to the Caribbean to enjoy their golden years? Well, here are four compelling reasons you…
Australia’s rental vacancy rate has hit a historic low of close to zero. The latest estimate from SQM Research is 1.1%. The latest estimate from the property listing firm Domain is 0.7%. As would be expected with hardly any of Australia’s rental properties vacant and available for rent, rents have soared – at first in…
Melbourne, often hailed as the cultural capital of Australia, boasts a vibrant real estate landscape, particularly in the realm of apartment developments. With its thriving economy, diverse neighborhoods, and dynamic lifestyle offerings, it’s no wonder that Melbourne continues to attract investors, homebuyers, and renters alike. However, amidst the plethora of options, finding the top new developments…
The dynamics of immigration and visa requirements have an impact on Australia’s housing market, in addition to local issues. In recent years, visa categories like as the Partner Visa and the Skilled Occupation List have had a substantial impact on property market patterns around the country. Understanding how these immigration limitations affect the real estate…
