On the one hand, we keep hearing how unemployment is now around 4.6%, but on the other hand, we see all those vacant shops and hear of all those people who are out of work or not working as many hours as they want. So what is the real unemployment rate? The Roy Morgan research…
The Reserve Bank of Australia has today released new credit card statistics showing that Australians managed to pay off $645 million in personal credit card debt in September, while purchase values rose slightly. The national credit card debt accruing interest has fallen to the lowest level in almost 18 years, as Australians continue to clear…
What’s ahead for our economy now that we’re moving into a Covid normal world? Well last Friday in its quarterly statement on monetary policy the Reserve Bank of Australia gave its usual three scenarios. If the upside scenario was achieved, Australia would experience a booming economy off the back of strong property price growth, surging…
A great leading indicator – a positive sign for our economy is that new job ads on SEEK rose 10.2% in October. This followed on from the strong 8.8% month on month rise in September, Not surprisingly NSW, Victoria and the ACT drove the result with those jurisdictions coming out of lockdown in the month. This…
How have the coronavirus lockdowns and the recession we experienced last year affected your household finances? Have you applied for a mortgage repayment holiday for your home or your investments? Has the pandemic changed your strategy or approach to property investing? These are only some of the Covid-19 related finance questions we recently asked over…
We’ve heard a lot about the “Great Resignation,” the trend of people quitting their jobs to pursue better-paying and more meaningful opportunities. We’re now seeing the “Great Retirement,” a silver tsunami of Baby Boomers leaving the workforce. A recent report by Commsec suggests that more people than expected have joined the ranks of the retired…
Believe it or not…Australia’s household wealth has skyrocketed over the last two years despite enduring a once in a hundred-year pandemic and the first recession in three decades. Household wealth rose 5.8 per cent or $735 billion in the June 2021 quarter to a record high of $13.4 trillion. As a result, the average net…
![[Podcast] Why not invest like Warren Buffett?](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/10/MY-podcast-286-How-would-Warren-Buffett-invest-in-property-2-270x200.jpg)
What would Warren Buffett say about how I approach my property investing? And why do I even care? Well… Buffett who is 90 years old is consistently ranked amongst the world’s richest people, is arguably the most successful investor of the 20th century, and has an estimated net worth of $107 Billion. This means, he’s…
![[Podcast] Understand the psychology agents use on you + 6 Auction Sins to avoid](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/08/MY-podcast-297-The-psychology-of-negotiations-8-270x200.jpg)
If you want to become a more successful negotiator not only in property but in many areas of your life, you’ll enjoy today’s podcast which is the second part of a two-part series on how to win at auctions. Today I’m going to discuss the psychological tricks agents and auctioneers use to get the last…
Australian property prices rose 1.5% in the month of September despite the fact that many of us were still living in a Covid Cocoon. Housing values surged 20.3% higher in the past year, and even rose a massive 46 per cent in certain coveted school zones, pumped up by the Reserve Bank’s reassurances that its…
