There’s a quiet but powerful shift happening in the Australian economy, and it’s not getting the attention it deserves. More than half of Australian voters now rely on government support for their primary income. Whether it’s through public sector wages, welfare payments, disability support, childcare subsidies, or aged care funding, over 50% of voters are…
The government will keep the permanent migration level for 2025-26 at 185,000, the same level as the previous financial year. Immigration Minister Tony Burke announced the figure amid a fresh divisive debate about immigration, intensified by the weekend marches calling for lower numbers. Neo-Nazis were prominent, especially in Melbourne, while on Tuesday self-identifying Neo-Nazi Thomas…
Australia’s housing market is under pressure from many directions, but one of the most overlooked barriers is stamp duty. Once a relatively modest transaction cost, stamp duty has ballooned into one of the biggest financial hurdles for homebuyers. Just to give you an idea – in Sydney, stamp duty on a median-priced house has gone…
For years, stamp duty has been the elephant in the room when we talk about housing affordability and economic reform. Everyone knows it’s a problem; economists, buyers, sellers, and investors alike. Yet, despite endless reviews and repeated calls for reform, we’re still stuck with a tax that almost no one is willing to defend. Dr…
National asking prices rose across all property types, with houses leading the charge, according to SQM Research’s Weekly Asking Prices Index for The national average asking price for houses climbed to $1,296,482—up 2.25% from the previous week and 6.9% year-on-year. Units followed suit, rising 1.53% weekly and 6.8% annually. Sydney recorded the sharpest weekly increase…
If there’s one industry that promises endless potential today, it’s residential construction and property investment. Australia’s housing market is a mix of challenges and opportunities but there really is no better time to be a homebuilder or investor stepping up to the plate. Over the past year, according to a recent report by PropTrack, Australia…
Money doesn’t discriminate; it doesn’t care who you are or where you come from. No matter what you did yesterday, today begins anew and you have the same rights and opportunities as everyone else to become wealthy. Yet the sad reality is that the majority of Australians will never achieve financial freedom. On the other…
Want to know what’s really happening with property prices right now? Every month, investors, homeowners, and would-be buyers turn to the latest median property price data, hoping to make sense of what’s happening in our housing markets. And while the numbers give us important clues, they don’t tell the full story. Australia’s property markets are…
This winter has shaped up as the strongest property market we’ve seen in a long time, with strong buyer activity and rising confidence cutting through the usual seasonal slowdown. In today’s show Dr. Andrew Wilson and I discuss how results have been far from uniform – Sydney is surging ahead with particularly strong performance, while…
National home prices rose 0.5% in August, marking the eighth consecutive month of growth and taking home values to a fresh record high, according to PropTrack. PropTrack data shows that national home prices lifted in August, rising 0.5% to a new record high. This marks eight straight months of growth as the housing market gains…