Despite the global hardships of the COVID-19 pandemic, the world’s ultra-high net worth (UHNW) population increased by 2.4% in 2020, reaching an all-time high of 521,653. In the following chart Visual Capitalist used data from The Wealth Report 2021 by Knight Frank to list the 20 countries with the most UHNW individuals. And as you can…
Identity theft is costing Australians billions of dollars a year according to a recent analysis by Finder. Finder’s analysis of data released by the Australian Institute of Criminology (AIC) has revealed that the cost of identity crime in Australia reached a staggering $3.1 billion in 2019, a substantial 17% increase from 2016. Approximately one in…
Apparently only half of Australians who find themselves buried under out of control credit card debt would be able to dig themselves out. A recent Finder survey of 825 credit card holders revealed where Aussies would turn if they couldn’t make the minimum repayment on their card. The research found that just half (51%) of…
Australians have wiped a total of $6.3 billion of debt accruing interest from their credit cards since COVID, according to newly released RBA figures. This is the lowest level of credit card debt accruing interest since December 2004. Australians have also been cutting up their cards in droves. The number of credit card accounts has…
If you are like most people Australians chances are you would be reading headlines like: “Property market in a freefall”, “The death of the property investing”, etc etc. It all started since Coronavirus entered into the public’s lexicon and now with all the talk of recession. I wouldn’t blame you if you were starting to…
In a surprise twist, the flood of government stimulus combined with financial actions of households in response to the COVID-19 pandemic has pushed the nation’s household financial comfort to a near-record high. But troubling data raises serious questions about what will happen if government support is tapered too much and too soon. These are the…
Last Thursday’s data from the ABS shows the value of new finance commitments for the purchase of dwellings fell by a record 11.6% over May 2020. This is the largest single monthly drop in the 18 year series. But at the same time, more Australians than ever refinanced their home loan in May. The ABS…
Are inner city apartments in Sydney, Brisbane or Melbourne on your investment radar? If so, you should proceed with caution, as I’m predicting some potentially profit-crunching changes to the apartment market moving forward. It’s all about Supply & Demand As with many property related troubles, it boils down to one of the basic fundamentals of…
