Top economists are unanimous in believing Australia’s housing market is in crisis. Offered a choice of 14 measures identified by the Economic Society of Australia as likely to restrain prices for buyers and renters, none of the 49 leading economists polled picked: “Do nothing, the market will determine appropriate prices”. The economists chosen for the…
Selling a deceased estate is not something anyone looks forward to, but at some point in our lives, many of us are faced with the situation. It’s an emotionally charged process that requires careful consideration, not just in terms of finances, but also handling the memories and emotions tied to the property. If you need…
Right now, human population growth is doing something long thought impossible – it’s wavering. It’s now possible global population could peak much earlier than expected, topping 10 billion in the 2060s. Then, it would begin to fall. In wealthier countries, it’s already happening. Japan’s population is falling sharply, with a net loss of 100 people…
Home ownership is the great Australian dream for many. However, whilst owning your own home can fill you with an immense amount of accomplishment and pride, it’s also important to remember that being ready to buy involves more than just putting together a 20% deposit. From finding the right home insurance policies to budgeting for…
If you’ve amortized your mortgage or even paid it off and already bought a second property, you might be hankering to do it again. This potential third property would be known as your second investment property (assuming your main home is not an investment). You know what to expect if you’ve been through the process…
Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what was going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday. Before an audience of central bankers from around the…
The real estate sector in the US took a downturn in the last two years. More than 2/3rd of real estate leaders in the US said that debts for refinancing and acquisitions are undersupplied. The outlook for 2024 is still not really promising, but there are more chances of growth this year. That’s mainly because…
Real estate is currently an industry in flux, going through its caterpillar-to-butterfly stage. This is, in part, due to blockchain shaking up the way buying, selling, and managing homes and buildings is done. The implications of Ethereum for real estate are quite profound, especially for investors who wish to find out the ETH to AUD…
Everyone alive today has only ever lived in a world with a growing population. And for the opposite to be true, the number of people being born would have to be outpaced by the number of people dying. As it happens, that particular inflection point is not too far off according to the latest estimates….
The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation. Australia’s gross domestic product grew just 0.2% in the three months to June,…
