Australia remains one of the most prosperous nations in the world. We enjoy a stable political system, abundant natural resources, a relatively strong labour market and living standards many countries would envy. Yet beneath the surface, something important is shifting. The latest findings from the Australian Bureau of Statistics’ General Social Survey reveal a growing…
There’s an old saying that the easiest tax to sell is one that only applies to “wealthy people.” Most Australians won’t complain too loudly if Canberra says it is closing a loophole used by high-income families, business owners or investors. But history shows that when governments start tinkering with the rules around wealth, tax and…
Have you ever wondered what the most common major problems are in life? I have. I spent 15 years studying the rich and the poor (Rich Habits Study) and found that there were 12 frequent big problems almost everyone has to contend with: Health Problems Financial Problems Family Problems Neighbour Problems Home Ownership Problems Car…
Want to avoid the taxman rejecting your claim? Even worse, do you want to prevent the taxman from digging deeper and auditing your affairs? The Australian Taxation Office has a lot of information on its website to help property investors. Whether you use a tax agent or choose to lodge your tax return yourself, the…
Australia has never had a death tax. We’ve long prided ourselves on that, and many Australians have structured their estates carefully, knowing their wealth could pass to the next generation without the government taking a cut simply because they died. But buried in Treasurer Jim Chalmers’ 2026-27 Budget are changes that estate planning lawyers and…
Most people have a rough idea that their investments will grow over time, but very few can tell you how fast without reaching for a calculator. There’s a simple mental formula that’s been used by savvy investors for decades, and once you know it, you’ll find yourself using it all the time. It’s called the…
In our modern economy, nearly every system is engineered to extract your hard-earned dollars. Credit-card companies flood your inbox with “pre-approved” offers. Retailers use algorithms to trigger impulse buys at the exact moment your willpower dips – typically in the checkout line. Social media bombards you with FOMO-fueled ads for the latest gadget, vacation, or…
You learn some lessons about money from books. Others you only learn the hard way – through experience, mistakes, and time. Looking back over several decades of investing and wealth creation, there are quite a few things I wish someone had explained to me earlier in life. Not because the information wasn’t available. I read…
![The Cities Where the World’s Billionaires Were Born [INFOGRAPHIC]](https://cdn.propertyupdate.com.au/wp-content/uploads/2024/01/billionaire-270x200.jpg)
New York stands out as the world’s leading billionaire birthplace, but it’s far from the only global hub shaping extreme wealth. Across Asia, cities like Hong Kong, Singapore, and Mumbai also rank among the top origins of the world’s richest individuals. This world map highlights the cities around the world where at least 10 billionaires…
Do you want more money? Most Australians do. Most Australians earn enough to build real wealth, yet so few actually do – and the reason is rarely dramatic. Somewhere along the way, most people pick up money habits that quietly work against them, and the frustrating part is that better habits aren’t complicated. They’re just…
