The holiday season is often associated with joy and cheer, but it can also bring a significant increase in household spending. In fact, according to the latest data from ABS, household spending rose 17.8 per cent in January compared to the same time last year. Robert Ewing, ABS head of business indicators, said: “Household spending…
A lot of predictions have been made about our property market. With its highs and lows, many are wondering whether it will ever bounce back. Well, social commentator Bernard Salt recently said at the AltX platform event that property owners and investors should feel optimistic about the future of property in Australia. And here…
Homeowners in Melbourne’s outer suburbs are the most financially stressed across Victoria, with around 500 households at risk of falling behind on their mortgage, credit bureau Illion predicts. The data shows that as of January, 67% of home loans in Victoria were more than 30 days overdue, which Illion predicts will rise to 70% thanks…
We are all looking for the “one”. There’s no argument about that. In one of his regular columns in The New Daily, demographer Simon Kuestenmacher explained how to use Census data to help you find a partner. He noted that love, or at least relationships, is also a numbers game. And as you read on…
The property market is experiencing a surge in foreign buyers and renters as migration booms post-Covid. In fact, the latest data from PropTrack show an increase in search activity based abroad, by a staggering 65% in 2022 compared to a year earlier and were 20% higher than pre-pandemic levels. Karen Dellow, Senior Data Analyst at…
The population of Australia’s capital cities has more than doubled in the past 50 years, increasing by 8.7 million people. In 1971, 8.6 million Australians lived in the capital city. By 2021, this number had increased to 17.3 million people. Between 1971 and 2021: Melbourne had the largest population growth (up by 2.4 million people),…
Did you have a baby in 2013? Well, that year was the year when the world reached ‘peak-child’. We will never see more babies being born than it has in 2013. Babies are a shrinking cohort We’re now seeing the first sign of global human population decline. In fact, the UN Population Division estimates that…
I know inflation is probably on your mind. In fact, it has a lot of property investors and homeowners worried. And I can understand why. Most Aussies have never experienced rising inflation or periods or rising interest rates. In November 2022 Australians expected inflation of 6.5% annually over the next two years, up 0.9% points…
We know that Australia’s immigration virtually came to a halt over Covid, but that’s changing now. Our recovery in net migration recovery continued in October. In fact, arrivals and departures data for October showed ongoing normalisation in long-term net arrivals with a net of 21,000 people in the month. Net permanent and long-term arrivals show…
Analysis of new Census data showed how disruptive the pandemic has been to Australia’s population. The data showed that a net 59,500 people left Australian capital cities in the one year before the 2021 Census, much higher than the loss experienced between 2015 and 2016 and 2010 and 2011. Because of this, Sydney lost 0.9 per…
