COVID-19 is confounding planning for basic human needs, including shelter. Around the world, home builders are vigilantly reading tea leaves in the fog, trying to figure out how to survive (and even thrive in) an unfolding economic disaster. And we mourn the fallen, working to keep our loved ones healthy and safe. COVID-19 has drawn…
According to the ABS, the number of people refinancing their mortgage increased by over 63% in the year to May 2020. Quite often people think the only reason to refinance is to obtain a lower interest rate. However, this thinking is incorrect. Typically, you don’t need to refinance to obtain a lower interest rate (more about…
I was talking with an old client recently about things he was not doing in his business. He was saying that sales had dropped off substantially and he thought it was largely because he was not spending enough time “in the trenches” with the sales team. “Every time I stop working on the sales floor…
The good news in the Reserve Bank’s latest quarterly set of forecasts is that the recession won’t be as steep as it thought last time. The bad news is it now expects ultra-weak economic growth to drag on and on, pushing out the recovery and meaning Australia won’t return to the path it was on…
Do you ever feel like you’re addicted to email? Do you find it impossible to ignore checking your inbox? Email is a known time-waster but a few years ago study from Adobe Systems suggests it’s worse than anyone thought. It turns out that the average worker spends around 30 hours a week checking email. Now…
COVID-19 and the growing recession concentrated in the services sector will not just increase social inequality, but accelerate the growing spatial divide in our cities. As our new research report shows, the pandemic’s impacts reinforce the ongoing trend towards the suburbanisation of inequality. There are two reasons for this. First, the industries vulnerable to the…
How are you coping financially in these challenging Coronavirus times? New research from Canstar shows 35% of Australian adults (6.9 million people) have experienced impacts to their income and/or employment status due to the COVID-19 pandemic. This increases to close to one in two (46%) mortgage holders. Canstar urges anyone with a home or investment…
Believe it or not…Australia has 46 new million-dollar suburbs despite the Coronavirus induced recession. Melbourne saw median house prices in 24 suburbs exceed the seven-figure threshold this year, while Sydney had 15 and Brisbane, seven. Despite everything that’s been thrown at them, our property markets have remained remarkably resilient. And the upper end of the…
In July 2020 Roy Morgan Business Confidence plunged 10.7pts (-11.3%) to 84.3 led by large drops in Victoria (-12.5%), Queensland (-13.3%), Western Australia (-18.2%) and South Australia (-32.1%). Business Confidence in July was well below its level in either June (95.0) or May (89.9). The fall in July was driven by businesses becoming increasingly concerned…
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As adults we often forget that at one point in our life we saw the world and the people around us in a much different light— we saw the world through a child’s eyes. As we grow up and mature, we allow life and rules to restrict some of the greatest instincts we had as…
