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As the federal budget’s housing policy changes start to sink in, the impact on the broader economy is starting to be realised. One of the best bits of property analysis I’ve read in a while comes from Nerida Conisbee, Chief Economist at Ray White. The federal budget’s housing measures are designed to push investor demand… Read more »
It’s time financial advice caught up with modern consumerism. Here’s how you can save by outsmarting it. We all know the boring everyday savings advice: make coffee at home, cancel unused subscriptions, pack your lunch, stop buying avocado toast and basically develop the discipline of a fasting monk. That stuff sort of works. But iron-clad… Read more »
Property investment is no longer just about residential property. With housing yields tightening, tax reforms reducing the appeal of residential investing, and affordability pressures continuing to bite, more investors are looking beyond traditional bricks and mortar. Investing in commercial real estate — which can offer stronger returns, longer leases, greater diversification, and yes, negative gearing… Read more »
The data is in after major tax reforms were announced … The residential property market showed some early signs of cooling in the first weekend after the federal budget, with auction clearance rates falling quite sharply across the country. Nationally, clearance rates were down around 11 per cent week-on-week, although interestingly, results were still tracking… Read more »
Government debt is under control … but we should be more worried about household debt. I know there is a lot of commentary and panic around the size of government debt, and the fact that gross debt will pass $1 trillion in the next financial year. Yes, it’s a big figure but Australia is a… Read more »
It’s the minimum financial buffer everyone needs. Picture this: one of those weeks where everything goes wrong at once. The car battery dies, a sudden toothache turns into an emergency root canal, school camp fees hit your inbox, and the dog eats something he shouldn’t … Then, as you tap your credit card, this time… Read more »
You’re probably sick of the wall-to-wall budget analysis so I’ve kept my snapshot short and sweet: The next 12 months will continue to be tough for Australian households. The cost of living crisis will continue, wages won’t keep pace with inflation, interest rates will stay higher for longer and while the economy will slow, it… Read more »
A third consecutive rate hike from the Reserve Bank of Australia landed this week… like a bolt of lightning. The impact was devastating … Combined with stubborn inflation, volatile oil prices and ongoing cost-of-living pressures, it’s the latest blow in a long stretch of them. For Australians already struggling with mortgage repayments, tenants drowning in… Read more »
They are the dream homes we’ve long drooled over in glossy real estate pages. Here’s what’s happening in luxury property at a time when attention is focused on the other end of the market—affordable first homes. Since the broadening of the federal government’s 5% Home Deposit Scheme, there has been a huge amount of analysis… Read more »
Adult children could save upwards of $27,000 a year by returning to the coop after moving out of home, according to new research. The Compare the Market survey found older Australians and multi-generational living arrangements continue to be a major defence against rising costs. Rental prices have accelerated at three times the rate of wages… Read more »
