There’s a noticeable shift in the Australian rental market with high income earners squeezing lower income earners in the rental market, according to a paper by the Australian Housing and Urban Research Institute (AHURI). Higher-income earners, those making $140,000 and above per year in 2021, grew from 8% of the private rental market in 1996…
When you think about the word “free” what does it mean to you? For some people, it means the freedom to do whatever they want — whether that’s financial freedom or having no ties so you can travel the world. For others, “free” means something that costs you no money. But, of course, nothing in…
With Australia’s population moving through the fastest rate of growth since the 1950s, our cities and towns are naturally densifying. At a national level, the population density of 3.5 people per square kilometre (sq. km) is among the lowest in the world, highlighting our highly urbanised population where half the populace lives in the three…
What lies ahead for Australia in the next 10 years? Well, Simon Kuestenmacher highlighted a chart that is pivotal when forecasting the next ten years in Australia in his column in the New Daily. Its simplicity belies its significance in understanding our nation’s future housing demands and consumption shifts. It juxtaposed Australia’s current demographic profile…
Recently one of my nephews, who has suddenly taken an interest in the property, asked me: “You’ve been investing for a long time – If you could go back 40 or 50 years, what would you have liked to know then that would have made you do things differently?” Now that’s a great question, isn’t…
Australia’s housing market has become harder for first-home buyers to access over time. The past two decades saw an increase of around 150% in the CoreLogic Home Value Index nationally, compared with an 82% rise in the ABS Wage Price Index. As a result, the wealth of property owners looking to buy their next home…
Common wisdom seems to suggest that you should diversify your investments. But is this correct? In my opinion, it is wrong, in fact, I remember reading Napoleon Hill’s great book Think and Grow Rich many years ago where he also said that successful people specialise in one area they don’t diversify. On the other hand,…
There are 2,640 billionaires globally, with a total net worth of $12.2 trillion, according to the 37th annual Forbes list published in 2023. And Australia is home to 139 of them. The thing is, each of these billionaires – whether they rocketed to success due to property, the stock market, business or even mining -…
We’re living in interesting times, aren’t we? A time of social and political unrest but also a year into a new property cycle – a time when lifetime wealth will be created by some people, but unfortunately not by most. So as we head into the second quarter of 2024 I’d like to share a…
The 2022-23 population update figures (Estimated Resident Population) have just been released by the ABS. This happens around the end of March every year but is particularly eagerly awaited this year, as we already knew from the state and national ERP released just before Christmas, that in the year to June, Australia piled on an…
