Yes, the rich are getting richer. And the wealth gap is getting bigger. Australia has become a millionaire factory. The total number of millionaires in Australia rose 31% from 485,000 to 635,000 during the past year – the biggest rise in recent history. And these millionaires control $2.77 trillion in investable assets (up 37%). But…
Foreign home buyers spent $6billion in the housing markets of Victoria, NSW and Queensland in the 12 months to the end of June 2020. The latest figures released by the Foreign Investment Review Board show details of residential real estate purchases and sales from July 1, 2019, to June 30, 2020 – when most of…
![[Podcast] Is Property Investing an Art or Science? Becoming a Borderless Investor + More | Summer Series](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/12/244-Art-or-science-270x200.jpg)
If you want to take advantage of our property markets and become financially independent, today’s show is for you, because I’ve got 3 segments during which I share a number of concepts that will help you along the way. First, we discuss whether property investing is an art or a science. Spoiler alert: it’s both….
![[Podcast] 21 reasons many Australians are bad with money| Why your home may outperform your investments with Brett Warren](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/12/MY-podcast-311-Brett-Warren-02-270x200.jpg)
If you’re looking for more success in life – be it in your property investing, wealth, or money management, today’s episode of my Podcast is for you. I’m going to share 2 sessions with you – in the first one, I will discuss 21 reasons many people are terrible at managing money. And even if…
![Now you can see the $94 Trillion World Economy in One Chart [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2015/09/globe-economy-growth-health-world-heart-decline-map-270x200.jpg)
Just four countries—the U.S., China, Japan, and Germany—make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the U.S. alone is greater than the combined GDP of 170 countries. How do the different economies of the world compare? In this visualization Visual Capitalist look at GDP…
Currently, there are over 4.5 billion people around the world who use some form of social media—about 57% of the global population. Yet, while social media’s audience is widespread and diverse, just a handful of companies control a majority of the world’s most popular social media platforms. Meta, the tech giant is formerly known as Facebook, owns…
2021 was a challenging year for many, so what’s ahead for 2022? A Roy Morgan web survey taken in late November shows only 37% of Australians think 2022 will be ‘better’ than 2021, down a large 22% points from when the same question was asked a year ago in late 2020. However, fewer than a…
![[Podcast] What’s ahead? The post-Covid social trends that will stick, with Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/11/MY-podcast-318-Simon-K-270x200.jpg)
How has the pandemic re-shaped your life? It would be very unusual if you hadn’t had some major upheavals over the last couple of years, but what’s going to remain as a long-term trend, a legacy of the lockdowns, and what fads are soon going to be forgotten. I’m sure many of us would like…
What do you think is ahead for our economy in 2022? Well a recent Roy Morgan web survey shows over a third of Australians, 37%, think next year will be a year of ‘Economic difficulty’, although this is down 11% points on a year ago when nearly half of Australians, 48%, predicted ‘Economic difficulty’ for 2021….
Australian households just keep getting wealthier. A combination of surging property prices and solid sharemarket gains saw total Aussie household wealth grew 4.4% or $590 billion in the September quarter. Wealth is up 20.2% on a year ago – the strongest annual gain in 11 1/2 years. Australia’s total household will hit an all-time high…
