![Beware of the unintended economic consequences ahead | Property Insiders [Video]](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/05/AdobeStock_141193813-270x200.jpeg)
Well, the results of the 2022 Federal Election are in, and Anthony Albanese will be Australia’s 31st Prime Minister. In his victory speech he said wanted to “bring Australians together” and that “together we can work in common interests with business and unions to drive productivity, lift wages and profits.” He explained he wanted “an…
We know rents are rising across Australia, but the latest inflation data from the Australian Bureau of Statistics gives some interesting insights. Rents in all capital cities rose over the first three months of the year, and this is not really surprising considering the current 16-year low vacancy rates across Australia. However while Sydney and…
There are around 9 million Australians (which accounts for 35% of the population) living in suburbs classified as ‘childcare deserts’, where children outnumber childcare spaces by more than 3-to-1. A new report, published by the Mitchell Institute and Victoria University, maps out the shortage of childcare services across every neighbourhood in the country and compares…
Brisbane’s house prices have seen the steepest annual climb in 13 years as the city’s property market comes to grips with relentless Covid-19-induced demand for property. In 2021 the city experienced a once-in-a-generation property boom that resulted in almost 400 suburbs joining the million-dollar club. If you’re looking to buy, you’ll be pleased to know…
It seems everybody I bump into has an opinion on our property markets. They’re reading all the news and while some believe our property markets are going to perform strongly there are more and more property pessimists who believe rising inflation and interest rates will lead to a housing market collapse. Only last Saturday Pam…
The Australian property market boomed amid the pandemic, with prices reaching record highs thanks to high demand, low supply, and low-interest rates. While the market has cooled since then high prices and rising interest rates mean it’s still as difficult as ever for first-home buyers to get into the market. Couple this with today’s rising…
Since the onset of the Covid-19 pandemic, demand for housing across the country has swelled to new highs, and Victoria’s capital isn’t immune. So far this year the Melbourne housing market has languished with little overall growth in the first quarter of the year, however, there are still plenty of transactions occurring. In fact, Melbourne dwelling values…
![Lowest unemployment rate since 1974. What now for interest rates? [7 Charts]](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/04/Unemployment-2-270x200.jpg)
Australia can finally boast its lowest unemployment rate since 1974 after the unemployment rate dropped to 3.9 per cent in April. ABS statistics showed an additional 4000 jobs were added last month, tipping unemployment below 4 per cent for the first time in 48 years. Despite the still-declining unemployment rate, employment growth disappointed up only…
One of my early investments was a complete loss. I know that doesn’t make for ego pleasing conversation from someone who’s meant to be an investment expert, but it’s the truth. However, I’m keen to tell you the story of how I lost 100% of my invested capital many years ago, way back in the…
Wage growth levels have remained steady this year with annual increases trickling up marginally. Real wage growth (the difference between wages and inflation) however has crashed by a record low level – with consumers now also confronted with the extra costs of higher interest rates. The ABS reports that the Wage Index seasonally adjusted increased…
