The ATO recently revealed the top 10 highest paying jobs in the country as well as how much “ordinary” Australians are earning. Interestingly the medical profession took out the top three spots. Surgeons earned an average of over $394,000 a year, followed by anesthetists bringing in $386,000 a year and internal medicine specialists earning $…
Articles by Kate Forbes
Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
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New data from the ATO has revealed where Australia’s highest-paid professionals live, with Sydney’s harbourside suburbs coming out on top as the country’s richest areas. The figures, based on the tax returns of 14.7 million Australians for the 2018-19 financial year, reveal that seven of our highest-earning postcodes are located in Sydney. Australia’s richest suburbs…
The proportion of landlords negatively gearing rental properties has fallen below 60 per cent for the first time on record, reflecting a decline in interest rates. Of course, negative gearing isn’t an investment strategy – it’s just a reflection of your funding and cash flow at a particular time. New data published by the Australian…
New home lending continued to surge in April with the value of new loans reaching a record high of $31.06 billion, according to new ABS Lending Indicators data released today. This shows an increase of 3.7% from the month prior and a whopping 68.2% or $12.59 billion increase from April 2020, when the first nationwide…
The reality is, the majority of Australians do not have enough superannuation for a comfortable retirement. And this means you could be forced to work for longer than you’d planned. This is a big problem for baby boomers in particular given the latest ABS data shows us there are nearly three million Australians over 50…
Sydney homeowners could earn more than double the average annual wage by the end of the year if economists’ house price predictions come true. Corelogic’s latest home value index showed Australia’s property boom continues to roll-on while housing values lifting another 2.2% in May alone. Home values grew stronger in May than they did in April…
Have you ever heard the saying “stay in your lane”? Essentially, it means stick to what you’re good at, and it can be applied to lots of things in life. Accountants don’t tend to cut their own hair, teachers don’t service their own cars – so what makes you think you can handle the sale…
Property buyers are facing rising mortgage costs with Commonwealth Bank (CBA) being the latest lender to hike its long-term fixed-interest rates. And there could be more home loan interest rate rises to come. Further hikes expected later this year suggest we could see a tide turning on Australia’s interest rates. While the Reserve Bank is…
In years gone by, property investors would bypass apartments instead preferring to invest in a house on a big block of land. But with the cost of houses soaring at a time of a demographic shift with more one and two person households, more of us are trading backyards for courtyards and balconies, and investors…
As national house prices continue to climb, it seems that more Aussies not convinced that now is a good time to buy property. That’s the findings of Finder’s Consumer Sentiment Tracker (CST), the largest chronological consumer survey in Australia, which has now been running for 24 consecutive months. Home buying sentiment is low Surprisingly, Finder’s…