Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom. If it’s not clear to you why events overseas influence Australia’s interest rates, which are meant to be set to control Australian inflation, read on. US…
![Top countries by wealth per person revealed [INFOGRAPHIC]](https://cdn.propertyupdate.com.au/wp-content/uploads/2016/09/6380287_l-270x200.jpg)
When looking at wealth per person on a country-by-country basis, is it more important to look at median wealth or average wealth? Many experts believe that median wealth provides the most accurate picture of wealth since it identifies the middle point of a dataset, with half of the data points above this number, and half…
The Albanese government is about to have to make a really important decision. It’s going to have to decide what’s more important: supporting Australians who are financially underwater or keeping an election promise. And it’ll have to do it soon. It’s already working on its May budget, now just six months away. That choice will…
What is the difference between ‘wear and tear’ and ‘damage’? It’s a conundrum faced by many landlords, agents, and tenants, but why is it so confusing? Well, it is because there’s a very fine line between the different types of damage. Let us break it down for you… What is wear and tear? Normal wear…
Amid Australia’s housing crisis, land-supply slogans are once again dominating discussions about the solutions. Governments and private developers often blame housing crises on lack of land for new housing. Their solution? Rezone farmland for housing on the suburban fringe. Earlier this year, the South Australian government announced the state’s largest ever release of land for…
As Australia’s population soars, living or investing in strata complexes has become an increasingly popular option for people of all ages and walks of life. It’s estimated that at least 16% of Australia’s population lives in strata-titled properties, with this figure expected to continue growing rapidly in the coming years. While strata living continues to…
Finding the perfect rental property in Cyprus can be a challenging endeavor. This article aims to simplify your search by reviewing the top five marketplaces for rental properties on this beautiful island. We’ll explore each platform in depth, highlighting their pros and cons to help you make an informed decision. Remember to check out screenshots…
One of the most common quandaries every tenant and landlord finds themselves in is, “Who should foot the bill when it comes to repairs and maintenance?” As a tenant, you might be wondering, At what point should I stop fiddling with the wrench and call in a professional? Or as a landlord, you might be…
Reaping the rewards of tech revolutions, market booms, and more, the last decade has seen a remarkable increase in the global number of millionaires. In 2022, 1.1% of all of the world’s adults were millionaires, up from 0.6% in 2012. In today’s visualization, we dive into the world’s growing millionaire population using data from this year’s Global Wealth…
Construction is a $ 360 billion dollar industry in Australia. It’s what builds the homes we live in, the offices we work in, and the hospitals, schools and critical infrastructure that bind communities together. However, it has an Achilles heel: insolvency. According to data from the Australian Securities and Investments Commission (ASIC), 2,170 construction businesses…
