This week a Senate inquiry will look at the federal government’s controversial legislation to cap international student numbers in Australia from next year. University-commissioned research predicts caps will cause a significant loss of revenue and jobs, including flow-on effects on the broader economy. But my new report for the ANU’s Migration Hub, argues there are…
You’ve probably heard that most wealthy people own nothing in their own names, but control everything through structures such as a trust. If Australia’s richest people use trusts, maybe it’s something you should consider also. Did you know that trusts have been around since the 12th Century? The Lord Chancellor at that time could decide…
The Reserve Bank of Australia kept the cash rate on hold for the sixth consecutive meeting, continuing its ‘wait-and-see’ approach, after last week’s CPI results landed broadly as forecast. Headline inflation rose from 3.6 per cent to 3.8 per cent annually, in line with RBA forecasts, however, trimmed mean inflation, the central bank’s preferred measure,…
In this continuing series of articles, I’ll take readers on a step-by-step journey through the property development process. Once you understand the importance of securing a development site in the right location and you have the big picture firmly in mind, including your target market, it’s time to move from theory to practice. Finding the…
Daily we see sombre images from conflict zones like Gaza, Ukraine, Haiti and along the Coup Corridor in Africa. These evoke a mix of compassion and concern. For many, the sight of fellow humans fleeing from violence and upheaval provokes empathy, yet it also sparks apprehension, particularly among residents of affluent and much more secure…
Are you looking at buying your first home in Australia in 2024? It can be exciting, terrifying, daunting, frustrating, and expensive – all at the same time! Property markets are strengthening by the day, with prices in most states close to or surpassing their COVID-19 pandemic peaks. While the strengthening market and climbing property prices…
On today’s episode, I chat with Brett Warren about asking the right questions before buying that next property because doing that can make all the difference between a profitable venture and a costly mistake. I’m sure you’ve heard me say before that property investment is a process, not an event, and the property that you’re…
Property investors come in all shapes, sizes… and professions. But the strategic property investment game is more popular in some lines of work than others. Unsurprisingly the data shows that property investment is most popular among Australia’s highest-paid workers. But there are other surprising professions which make the list. Medical professionals such as surgeons, anaesthetists…
About five years ago The Grattan Institute released a great report on Australia’s urban landscape. To read the 87-page report go here. But for those of you who are short on time, I have pulled together ten things you need to know about this work. Many of these are quite surprising. 10 things 1. Most…
Australia, along with the rest of the world, is on the cusp of the largest intergenerational wealth transfer in history. Termed as the “great wealth transfer,” we’re looking at an eye-watering US$68 trillion (A$100.2 trillion) moving hands globally over the next 20-30 years. This shift, predominantly from the baby boomer generation, is not just significant…