How many jobs do you hold down? Interestingly, the number of multiple job holders reached a record high of 900,000 people in the June quarter of 2022, an increase of 4.3 per cent, according to the latest figures released by the Australian Bureau of Statistics (ABS). Ms Lauren Ford, Head of Labour Statistics for ABS…
Australia reopened its international border in February for the first time in nearly two years, enabling emotional family reunions and tourism boost – and even our property market has benefitted. According to a recent PropTrack report, total property searches on realestate.com.au from overseas jumped by 23% year-on-year in June. Perhaps most interestingly rental properties saw…
Personal finance sounds like one of those jargon terms that are relevant only to bank managers, accountants and other personal finance nerds. However, it’s a hugely important aspect of our lives, one that dictates many of our lifestyle choices – and is therefore something that everyone should be able to navigate well.
We know the Reserve Bank is trying to slow inflation by raising interest rates. But will this really work? For almost a decade the RBA has been trying to increase inflation to within its preferred band of 2-3%with low interest rates but that didn’t work, did it. And now, despite rising rates and falling consumer…
Australia’s property prices fell further again throughout the nation in July as higher borrowing costs and fast-rising interest rates drive down demand. Across the country, property prices dropped another 0.43% in June to a new $751,000 median, and are now 1.66% below their peak, according to the latest PropTrack Home Price Indicator report. Prices continued…
We’re just not building enough dwellings and that’s showing up as an affordability issue and a rental crisis. Valuers Charter Keck Cramer conducted an interesting comparison of the total increase in private dwelling stock with the total population increase across various cities between Censuses. They suggested a simple metric to assess the relative growth…
The cost of living is a hot topic at the moment, with surging energy, food, and fuel prices and rising interest rates forcing many homeowners to recalculate their budgets and how they spend their money. The trend for energy efficiency, then, has never been more important. When it comes to energy-efficient properties, not only do…
Are you hoping to get a pay rise any time soon? According to the latest research from Finder, Australian workers are looking to their employers for some relief amid a cost of living crisis. The research shows 1 in 6 workers (17%) negotiated a higher salary over the past 3 months – 9% have talked…
Australia’s unemployment rate plummeted to 3.5% in June, the lowest rate in 48 years. The Australian Bureau of Statistics revealed 88,000 more people were employed in June and unemployment fell by 54,000, pushing the unemployment rate down by 0.4% As a result, there were almost the same number of unemployed people in June 2022 (494,000…
First home buyers in New South Wales will be able to avoid paying stamp duty when they buy a property from January 16 next year, under a new government plan. Instead of paying the lump sum, eligible first home buyers purchasing properties for up to $1.5 million will be able to choose to pay an…
