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…
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…
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…
There’s a lot of talk about productivity in the news lately, isn’t there? But I’ve found that when economists talk about productivity, many people’s eyes glaze over. Yet productivity growth is probably the single most important driver of our living standards. It determines whether our wages rise, whether our economy grows sustainably, and whether future…
The Queensland Productivity Commission’s Interim Report into construction productivity might not make front-page headlines, but for those of us in the trenches of property development, homebuilding, and investment, it’s a potential game-changer. Yes, the numbers are sobering. Productivity in our sector has dropped 9% since 2018. That means we now need 9% more labour to…
There are two types of people in the world: Those who hate the success of others Those who let the successes of others fuel them toward their own greatness. Most people fall into the first group. It’s why we have “tall poppy syndrome.” Here’s my free tip for you: Be in the second group. That’s the…
