When your deposit is less than 20% of the value of the property you’re buying, a lender is going to charge you a hefty lender’s mortgage insurance (LMI) premium to reduce its risks. LMI is one of those extra costs that often catches home buyers by surprise, particularly first-home buyers. It can cost thousands of…
Do you know what statistical fallacies are? Well, these are common tricks data can play on you, which lead to mistakes in data interpretation and analysis. Here are some of the most common examples and how you can avoid them: Cherry picking This is the practice of selecting results that fit your claim and excluding…
Imagine the dentist has just said you urgently need a $2,000 dental crown. A week later, a pipe in your bathroom bursts, causing $8,000 worth of damage. Suddenly, you’ve been hit with a $10,000 financial shock. As the cost-of-living crisis plunges more households into financial uncertainty and at least one-third of Australians struggle to make…
![The Events that Defined 2023: Visualised [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/12/2023-in-review-270x200.png)
Looking back at 2023, the year was defined by various international geopolitical events while the tech and business world kept a close eye on artificial intelligence’s advances in the first full year of the technology hitting its stride. The following graphic from Visual Capitalist’s upcoming 2024 Global Forecast Report looks back at the major events that…
Summer loving happens so fast. Last year you were sipping quarantinis in locky down. This year you’re hosting mates for barbies. When we grab that snag, swag or esky, we’re doing more than celebrating summer. We’re celebrating it in Australian ways, and with Australian words. We don’t always agree on those words. Queenslanders have their…
Ever wonder why some houses make your heart skip a beat in their online photos while others leave you swiping past in a heartbeat? It’s no accident; it’s the art of high-quality visuals reshaping the way we buy and sell homes. Indeed, in a world dominated by screens, a picture isn’t just worth a thousand…
![The world as 1,000 people [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/population-270x200.jpg)
The world’s population has doubled in size over the last 50 years. In 2022, we reached the mark of 8 billion living on Earth. According to UN estimates, by July 2023, all the people in the world numbered 8,045,311,447. In this map, we use population estimates from the United Nations Population Division to illustrate the world’s population as…
We’re all familiar with the jolly, white-haired and bearded overweight man who sneaks down chimneys on Christmas Eve delivering presents to children. But where did this come from? With roots in Christianity, the origins of the world’s most beloved gift-giver transcend time, culture and religion. Andrei Porzhezhinskii/Shutterstock St Nicholas It all starts with St…
How much has Sydney changed since the first settlers arrived on 26th January 1788? Well, since then, Sydney has developed into one of the world’s largest, most cosmopolitan cities, with a population of over 5 million and a unique mix of Aboriginal, British, Asian, and European cultural influences. To get a better understanding of how…
The Christmas tree is a modern invention. It is a largely secular symbol, having no basis in the Bible. There are many trees in the Bible, from the Tree of Knowledge and the Tree of Life in Genesis to the reference to Christ’s cross as a “tree” in Acts. But there is no Christmas tree….
