Will 2022 be the year where the world economy recovers from the pandemic? That’s the big question on everyone’s lips as the holiday season ends and the new year really begins. One complicating factor is that most of the latest major forecasts were published in the weeks before the omicron variant swept the world. At… Read more »
Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens (NFTs), the blockchain-based means to claim unique ownership of easily copied digital assets, writes University of Canberra’s John Hawkins. The latest NFT mania involves fantastic amounts of money… Read more »
GDP is like a heart rate monitor: it tells us about life, but not our lives. How much cash would you need to be paid to agree to live without a smartphone for a year? If you are like the typical American, the answer is US$10,000 – which is far, far more than what we are… Read more »
WLTH CEO Brodie Haupt outlines the emerging lending trends of 2022 and what to look out for. If you are in the housing market or contemplating entering, it is crucial to pay close attention to the Australian Prudential Regulation Authority (APRA) lenders’ moves, and their impact on your mortgage. With the economy taking a brutal… Read more »
Getting amongst the crowds at the Boxing Day sales is almost as traditional as Christmas itself. Boxing Day as a day-after-Christmas holiday started in the UK and its origins are debated. The most likely reason the holiday started as ‘boxing day’ was to honour servants and errand boys. Traditionally, the day after Christmas was the… Read more »
Moves by APRA, migration outflows, mortgage demands, and overvalued house prices lead us to predict a housing market cool down. The Australian property market has enjoyed incredible growth in the past two years, pushing aside predictions that the global pandemic would cause property prices to plummet. Australia’s property market has sustained strong price gains through… Read more »
CoreLogic’s November property market analysis saw house values rise 1.3 per cent for the month – the 14th consecutive monthly rise – for an annual rise of 22 per cent. That means the median value of an Australian house has risen $126,000 in a year. That’s a $126,000 increase in the equity in your property, which means… Read more »
I’m starting to get a lot of anecdotal evidence that the hot property market, particularly in Sydney, is cooling. Last weekend the combined capitals auction market experienced its second busiest week of the year, with 3,562 homes taken to auction – up 8.2 per cent. This week properties for sale are up again to 3,810.… Read more »
Super stapling is the new buzzword in superannuation circles (ooh, now there’s a circle we all want to be in). Here’s what the changes mean for you. Some changes to superannuation have come into effect this month that may affect the way your super is managed. Under the old ‘default’ superannuation system, if you started… Read more »
Warren Buffett has been very busy selling shares and switching to cash, indicating that he thinks the sharemarket is at “peak greed”. Buffett is regarded as one of the world’s best investors. The 91 year old runs an investment company called Berkshire Hathaway based in Omaha, Nebraska… he’s known as the Oracle of Omaha. I… Read more »
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