Australia is once again the top spot for attracting the most net millionaires, and there’s a major reason why they’re all choosing to come here. New information from the Australian Treasury, real estate experts, and PropTrack reveals a strong increase in international interest in Australian homes. In fact, NAB’s latest Residential Property Survey of real…
A lot of Australians have found work just before the holidays. In fact, according to the latest figures from Roy Morgan, in November 2023 Australian employment hit a record high of over 14 million for the first time with over 9 million now employed full-time and over 5 million employed part-time. However, despite surging employment…
Do you think that the cash rate will hold this month? Well, according to the latest Finder RBA Cash Rate Survey, more than 4 in 5 experts (82%,) believe the RBA will hold the cash rate at 4.35% in December, leaving 18% predicting an increase. The survey had 38 experts and economists weighing in on…
The much feared pre-Christmas interest rate rise by the Reserve Bank may be off the table thanks to a sharper-than-expected deceleration of inflation in October, the latest data shows. While today’s monthly CPI result is nearing half of what it was at the peak in December 2022 (8.4 per cent), rises in August and September…
Life expectancy in Australia has fallen by 0.1 years in the 2020-2022 period, with a boy born today expected to live to 81.2 years and a girl to 85.3 years, according to the latest data released by the Australian Bureau of Statistics (ABS). Beidar Cho, ABS head of demography, said: “Australia has recorded the first…
Median prices have dropped in some of Australia’s posh neighbourhoods over the past year, but this doesn’t necessarily mean it’s a buyer’s market for those seeking a bargain. Nor does it mean that all properties in those suburbs have fallen in value. In fact amongst the myriad property statistics available these days median price is…
There has been a boom in refinancing of loans over the last year or so as interest rates rose. Many homeowners have been refinancing their home loans over the past year and a half. But is this refinancing trend seems to be slowing down now. According to PropTrack, the past few months have seen as…
Before COVID-19, Australia had a steady flow of about 235,000 people coming in each year. But when the pandemic hit, they closed their borders, and almost no one came or left for two years. If the pandemic hadn’t happened, we would have had about 470,000 people moving in during those two years. In February 2022,…
Despite the big race running, all eyes will be on the RBA in a decision that could halt the nation, as the majority of experts tip a rate rise. In this month’s Finder RBA Cash Rate Survey™, 45 experts and economists weighed in on future cash rate moves and other issues relating to the state…
Household savings reached a new high of nearly $1.42 trillion in September, despite increasing living expenses and 12 interest rate hikes by the RBA. New data from APRA reveals that household deposits in banks increased by $11 billion compared to the previous month and by over $99 billion compared to the same time last year….
