There’s one graph that sums up both the good and not-yet-as-good detailed by Treasurer Josh Frydenberg at Wednesday’s national accounts press conference. It’s a graph of the level of Australia’s gross domestic product – how much is produced and earned each three months in Australia – adjusted for inflation. Australian quarterly gross domestic product Chain…
OK, so who’s been stuck at home, in what you thought was a spacious property, right up until Covid-19 hit? All of a sudden we’ve got people trying to find space to be able to work, study, and then relax all under the 1 roof and in many cases this has not gone well. And…
There’s no doubt that the lending environment is different than it was a few years ago. The banks are in the business of lending money and they’re friendly than they have been for a long time now that they realise they don’t have to make provision for all those bad debts that were forecast only…
While house prices remained resilient through pandemic inflicted 2020, Australia’s rental markets suffered. Commencing in March 2020 vacancies started rising causing asking rents to declined. According to the REA Property Outlook Report the main driver of this was high levels of job loss in hospitality, tourism, and education. If you think about it, the majority…
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Navigating the world of personal finance can be overwhelming, even for an adult who has quite a bit of experience in the working world. Yet with some smart planning, a good strategy, and an understanding of the basics you should be able to develop the money-management skills you need to get your finances under control….
After suffering a challenging 2020, including a number of lockdowns, the Melbourne property market is on fire. And it is well documented that the price gap between Melbourne houses and units has widened over the last couple of years. While family-friendly apartments in smaller low-rise blocks are still popular, the closure of our international borders…
Residents of NSW apartments are another step closer towards being allowed to legally keep a pet with the passing of a crucial law in parliament last week. The Legislative Council has finally agreed to amend the Strata Schemes Management Act, making it illegal for strata buildings to unreasonably ban the keeping of animals. Last October,…
Westpac has lifted its forecast for dwelling prices with 10% gains now expected in both 2021 and 2022. The bank then expects this boom to be followed by a flattening out in 2023 as rising fixed-term interest rates, combined with prudential measures aimed at reining in the associated lift in leverage. These headwinds are not…
More than a quarter of Aussies admit to being less than truthful with their partners about money, according to new research by Finder. The nationally representative survey of 1,004 respondents revealed that more than 1 in 4 Australians (28%) has lied to, or been lied to by a partner about their finances. The survey found…
Internal migration resulted in a net loss of 11,200 people from Australia’s capital cities in the September quarter of 2020, according to Australian Bureau of Statistics data released this month. At the same time, some regional areas experienced significant growth in house prices as demand for properties increased. So this has raised the questions: are…
