Property Update
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Property Update
2h ago
Young Australians who would have once been locked out of homeownership are increasingly relying on the so-called Bank of Mum and Dad to get a deposit or to guarantee a bank loan. The Bank of Mum and Dad has become so large as a home loan enabler that the Productivity Commission says if it was ..read more
Property Update
19h ago
With Australia’s population moving through the fastest rate of growth since the 1950s, our cities and towns are naturally densifying. At a national level, the population density of 3.5 people per square kilometre (sq. km) is among the lowest in the world, highlighting our highly urbanised population where half the populace lives in the three ..read more
Property Update
22h ago
Australia’s inflation rate has fallen for the fifth successive quarter, and it’s now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in the March quarter figures released on Wednesday, leaving it within spitting distance of ..read more
Property Update
22h ago
Property investments may prove to be very profitable, however, they also come with risks, especially in a dynamic market like Australia’s. Investors can maneuver these uncertainties while being sure of what they are doing armed with appropriate instruments and knowledge. One such tool is financial forecasting which is a method that uses accounting information to ..read more
Property Update
23h ago
Earlier this month, a Hong Kong company lost HK$200 million (A$40 million) in a deepfake scam. An employee transferred funds following a video conference call with scammers who looked and sounded like senior company officials. Generative AI tools can create image, video and voice replicas of real people saying and doing things they never would ..read more
Property Update
1d ago
You’d have to be living under a rock not to know that apartments have underperformed houses in the last decade or so, so today I explore the reasons behind this trend, its implications for investors, and what future trends we might anticipate with independent financial advisor, Stuart Wemyss. We also discuss what criteria you should ..read more
Property Update
2d ago
What lies ahead for Australia in the next 10 years? Well, Simon Kuestenmacher highlighted a chart that is pivotal when forecasting the next ten years in Australia in his column in the New Daily. Its simplicity belies its significance in understanding our nation's future housing demands and consumption shifts. It juxtaposed Australia's current demographic profile ..read more
Property Update
2d ago
The last decade has witnessed a remarkable surge in the global number of millionaires. By 2022, 1.1% of the world’s adults were millionaires, up from 0.6% in 2012. So, how to know if you belong to the top 1% in your country? In this infographic, we illustrate the net wealth required to enter the club in selected ..read more
Property Update
3d ago
Australia's home prices have set another record. According to the latest Domain House Price Report, the combined capital house and unit prices experienced another quarter of growth — the fifth consecutive rise for houses and the fourth for units. The report indicates that while the pace of price growth has slowed compared to the previous ..read more
Property Update
3d ago
Considering the rate at which things are moving in today’s world, short-term rentals have become a great way for property owners and investors to make money. However, as more people get into this business it becomes necessary to find out what works best and use all available means so that you can stay ahead of ..read more