Big names in property have made a splash in this year’s ‘The List: Australia’s Richest 250′, published in The Australian. This year’s list features 10 powerbrokers from the property industry, with the highest entrant – Harry Triguboff – ranking at #6 with a wealth of $20.81 billion. Property Overall Ranking of The List Industry Rank…
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 COVID-19 pandemic delivered a body blow to CBD retailers, but it’s just the latest of their challenges in recent years. They were already under pressure from cautious consumer spending, intense competition from online retailing and the growth of suburban “mega-centres”. Now, declining commuter foot traffic and an increase in people working from home present…
There’s a row brewing in the corridors of financial power. The Reserve Bank of New Zealand (RBNZ) recently advised the trading banks that the official cash rate might move from the barely positive into the negative. Right now the RBNZ is holding off such a move in favour of other monetary stimulus measures. But the…
Good news… before applying for your home or investment loan, you may no longer have to scrimp on beans and rice. In breaking news for home loan industry yesterday, the Federal Court dismissed allegations against Westpac that it breached responsible lending laws more than 250,000 times between 2011 to 2015. In 2017, the corporate regulator…
If you want to be rich, why not look what the rich are doing and do the same? So if you study the recently released Forbes Australia Rich List your best bet is to get into real estate. But there’s nothing really new about this. It’s the same each year when the AFR Rich list (previously…
![[Podcast] Is 60 Minutes right? Will our property markets crash 40% | Dr. Andrew Wilson & Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/09/Podcast-cover_60min_v1-270x200.jpg)
“Is a property crash 60 minutes away?” Channel Nine’s ’60 Minutes’ ran a feature with the sensational and alarming headline: “Aussie housing prices could fall by as much as 40% in next 12 months” It’s déjà vu. Every few months, the media finds someone who’s willing to stick their necks out and offer a property market…
It seems like Australia’s billionaires are getting richer while the rest of us struggle with record-low wage growth. The recently released AFR Rich 200 list gives us some insight into what’s happening to the fortunes of Australia’s wealthiest individuals, and it seems that life is good for them. There were 76 billionaires in this year’s list…
In Sydney, families with children now account for one in four households living in apartments – the expectations and design of apartments have not kept up with this rapid demographic change, writes… Sophie-May Kerr, University of Wollongong A growing number of Australians live in apartments. The compact city model presents many benefits. However, living close to each other also presents challenges. Rapid growth in apartment developments in recent decades…
It’s not likely the Australian appetite for property will change but this means we need to hedge our bets against any risks by improving diversification and the way banks finance mortgages, writes… Harry Scheule, University of Technology Sydney The view of Australian banks on the risk that mortgage stress poses to our economy and the…
