Do you have equity sitting idle in your home? Most Australian homeowners are sitting on a fortune they never touch, not because they choose to, but they are not sure what to do with it or how they could use it. We’ve likely all been told and likely the very same thing: pay down your…
Back in May, tucked away on page 158 of Budget Paper No. 1, Treasury made a promise to Australia’s renters. It said the government’s changes to negative gearing and capital gains tax were “likely to have a small impact on rents,” with an expected increase of less than $2 a week for a household paying…
Australia’s property tax reforms were supposed to make housing more affordable, particularly for younger Australians struggling to get into the market. But new research suggests the changes may have created an unexpected political problem for the Federal Government, with a surprisingly large number of Australians now willing to vote for a party promising to reverse…
Brisbane has gone from leading Australia’s property boom to leading its downturn. Values fell 2% in October, the largest monthly drop of any capital, and are down 6.1% over the past three months. The decline is no longer confined to a handful of overheated pockets. Every suburb across the Brisbane capital region has recorded a…
There is no doubt that our housing markets are facing challenges from all directions, but clearly they have remained more resilient than the property pessimists had predicted. To better understand what’s happening, this monthly collection of charts from Cotality paints an interesting picture. According to Cotality, home values across Australia’s combined capital cities fell for the…
Capital city home rental markets have generally tightened over October with lower vacancy rates following the easing of rates reported over previous months. House and unit rents however remained relatively steady over the month. Darwin was the only capital to report higher house rents over the month – up by 3.3%. Hobart, Canberra and Sydney…
While most of Australia’s big capitals are sliding quickly, Melbourne is easing down at a noticeably slower pace. Home values fell 0.8% in October, roughly half the rate of Sydney and well below Brisbane, Perth and Adelaide. That relative calm comes with an important caveat. Melbourne values remain 8.2% below their March 2022 record and…
Why do some people work hard for decades yet never become financially secure, while others steadily build wealth, opportunities and choices? It is tempting to put the difference down to income, intelligence, luck or even the investment assets they choose. Yet my guest today is Tom Corley, has spent years studying wealthy people, and his…
Have you ever considered how much of your life disappears simply getting from one place to another? For many Australians, commuting has become such an accepted part of everyday life that we rarely stop to calculate its true cost. Someone travelling 45 minutes each way to work spends around 345 hours commuting over a typical…
Every so often, a housing market forecast comes along that deserves a second look. Not because it is necessarily wrong, but because the comparison being made is rather extraordinary. Last weekend, I read commentary suggesting Australia could be facing its worst housing downturn since the Great Depression. Really? Take a beat. I have spent much…
