Australia’s rich are getting richer according to The List, published by The Australian. Australia now has a massive 131 billionaires and their average net worth is $2.08 billion. In fact, the top 10 on The List are wealthier than ever before, led by two of the country’s most successful businesswomen who have changed the face…
The biggest question relating to the management of the economy right now has nothing to do with next week’s budget. It has everything to do with the Reserve Bank and the board meetings that will follow it. The question facing the board – the biggest there is when it comes to how the next few…
Since the coronavirus pandemic hit our shores, Australia’s property market has grown at an unprecedented rate. Closed borders, economic stimulus and low mortgage rates have driven demand for property sky high, with prices following suit. But now things are changing. Vaccination rates are high, lockdowns look set to be a thing of the past and…
Because of Covid, we are thinking a lot about the topic of death. Daily we see the death counts reported. The good news is about Covid-related deaths — we see 35 times fewer deaths per 1 million residents in Australia than there are in the US and Europe. Source: The New Daily So, those super…
Australia continues to push forward in its pursuit of gender equality, but when it comes to finances there are still significant gaps, a new report reveals. Finder’s new report, International Women’s Day 2022: Work, wealth and financial equality, reveals that several aspects of the gender finance gap are yet to be addressed, as well as…
Amid record house prices, rising demolition fees, and surging construction costs a new trend is emerging: free houses. Just last month, the owner of a 4-bedroom house in Kirrawee in Sydney’s Sutherland Shire advertised their property for free. But there’s a catch. It doesn’t come with the land it sits on. The 60-year old house,…
There’s a property risk you probably haven’t thought about. Well…maybe after the severe floods we’ve just experienced you are thinking about it now. Sure you’ve likely given thought to the impact of climate change on weather, our lifestyles, and what kind of future our kids will inherit. But have you ever considered climate change in…
What will be happening to the inflation level throughout 2022? Will wages growth be sufficient this year? How will the Russian-Ukrainian confrontation affect the economy? What will be the dynamic of Australian home prices in the foreseeable future? These and other questions were raised and answered by Dr. Shane Oliver, Head of Investment Strategy and…
Housing loans for investors struck a record high in January, as new figures showed the growth in Australian house prices was at its slowest pace since October 2020. The Australian Bureau of Statistics said loans for housing rose 2.6 per cent in January to $33.7 billion. Of these, owner-occupied mortgages rose one per cent to…
Australia’s economy bounced back a welcome 3.4% in the December quarter of 2021, more than reversing the 1.9% lockdown-related decline in the September quarter. It was the sixth-biggest increase in the 60 years the figures have been compiled. Australian quarterly gross domestic product Chain volume measures, seasonally adjusted. ABS National Accounts The economy grew by…
