Article Source: BMT Tax Depreciation, September 2019 The Australian Tax Office (ATO) recently released their taxation statistics for FY 2016/17, providing insight into what a ‘typical’ residential property investor looks like. The ATO found 64 per cent of people who own investment properties have an income under $80,000 per year, despite the belief that most
Australia has many rising markets charted by an increasing number of house and unit sales. Market sentiment appears to be spurred on by the Reserve Bank cutting interest rates to historic lows this year, APRA removing the 7 per cent interest rate buffer on mortgage lending, and negative gearing left unchanged. Following a period of decline in some markets, Hotspotting.com.au founder Terry Ryder
The official figures show things are fine, but Australia’s most comprehensive tracking survey finds the typical household is worse off than ten years ago Today’s release of the 17th wave of Australia’s Household, Income and Labour Dynamics Survey (HILDA) tells us that despite the official statistics, people are right if they feel they are going backwards. Funded
Australia’s living standards have stagnated since the global financial crisis, with median household incomes remaining flat since 2019, according to a major national survey. The Household, Income and Labour Dynamics in Australia (HILDA) report from the Melbourne Institute of Applied Economic and Social Research, which has been tracking 17,500 people across 9,500 households since 2001,
Everywhere you look these days, people’s achievements are being celebrated, whether it be in the papers, among our family and friends, or on social media. And why not? Success is a wonderful thing and worthy of celebration, but so to is failure. OK, hear me out on this one. Failure gets a bad rap and most
Exclusive research by Raine & Horne has found that almost three-quarters of click-throughs on homes advertised through their digital marketing tool, Amplify, are made by women. By comparison, just 28 per cent of click-throughs are made by men. “Women have long been recognised as the important decision-maker when it comes to selecting a home,” said
The latest lending figures released by the ABS confirm renewed confidence among home-buyers. Australians borrowed 2% more in June than they did in May. Financing issued to owner-occupiers rose 2.4% to $12.4 billion, while investment loans increased 0.5% to $4.37 billion. The figures do not include refinancing. "In June, we saw rises in new lending
You are not your spending thoughts. Spending without thinking about the long-term consequences is a problem. And by the long term, I mean just 30 days from now when the credit-card statement arrives. Some people label this type of spending “impulsive.” Others use the word “urge” to describe the feeling that comes just before they
Almost half of Australians are living from pay to pay. These figures from a recent Finder survey of 1,780 Australians reveal 46% – the equivalent of more than 5.9 million working Aussies – are unprepared to cope with a job loss, admitting they couldn’t survive financially for more than a month if they suddenly lost
35% of Australians are embarrassed by financial situation. Mortgage Choice and CoreData’s Financial Fitness Whitepaper has revealed that a significant number of Australians are embarrassed by their financial situation. 34% of respondents say they feel embarrassed by their financial habits. Furthermore, it revealed that 42% of Australians feel embarrassed by their personal debt, and one third hide
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