How bad is public sector corruption around the world, and how do different countries compare? No matter your system of government, the public sector plays a vital role in establishing your economic mobility and political freedoms. Measuring corruption—the abuse of power for private gain—reveals how equal a system truly is. For more than a decade,…
Another week, another fresh take on where the housing market is going. This time it’s from the ANZ, which expects overall house prices in Australia to increase by 8 per cent this year, up from its earlier forecast of 6 per cent. However, the bank is now expecting larger house price falls across the capitals…
Thursday brought news that Australia’s official unemployment rate in January remained at a historically low 4.2%. In parliament, Prime Minister Scott Morrison boasted of the nation being on track to achieve a rate “with a 3 in front of it” this year. It’s entirely possible the unemployment rate will drop further. The Reserve Bank of…
A lot has already been written about trends, predictions, and forecasts for 2022. Yet today, I’m going to be chatting with leading demographer and futurist Simon Kuestenmacher about the demographic, social, and economic trends that will shape 2022. This is the type of information property investors, business people, and entrepreneurs need to understand to make…
What’s the real unemployment rate in Australia? We know the official unemployment rate is close to 4%. We also know that the Australian Bureau of Statistics count people working an hour or so a week as employed. That doesn’t make a lot of sense to me so I am always interested in Roy Morgan’s unemployment…
Australia’s economy and our property markets don’t operate in isolation, so I believe it’s good to regularly have a look at the big picture, the macroeconomic factors affecting not just Australia’s economy, but the world economy to help us understand what’s ahead for us. I do this once a month in these Big Picture Podcasts…
How do you view life? Some people think that what happens in their lives is out of their control. These are the folks who wait passively for what life dishes out to them. They have few goals, and they are the ones who usually hope for the best — that life will be kind to…
We are moving into the next stage of the property cycle. After just over a year of very strong property price growth, where the value of many properties around Australia increased by more than 20%, our real estate markets are now facing some headwinds. Affordability is starting to price some buyers out of the market…
How will you know when you are rich? How much money is enough? When I was young I wanted to be a millionaire by the age of 30. One million dollars was a lot of money then. By the way… I didn’t make it – I wasn’t a millionaire by 30, but I did own…
Well, our property markets are up and running for 2022 and already there are mixed messages in the media about what’s ahead. But today you’ll get some clear indication from Australia’s leading housing Economist Dr. Andrew Wilson, whose forecasts have proven to be very correct. I don’t know if you’ve noticed seem to be two…