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Posts in Property

Why Australians generally had a prosperous year. What does 2022 look like?

December 24th, 2021 Posted by Australia, Financial Management, Property, Startup 0 thoughts on “Why Australians generally had a prosperous year. What does 2022 look like?”

The Age 24 Dec 2021 reports that Australians have experienced a number of remarkable economic achievements in 2021.

We were much better off generally as a result of the following factors despite the impact of Covid-19 lockdowns, travel restrictions and protests.

Those factors include:

  1. Australian household wealth rose by 20% over the past 12 months due to rising stock markets, superannuation portfolios and property boom.
  2. Australians are more likely to be in a job today than at any other time in our history. Unemployment fell to 4.3% in November, which is the lowest rate since the mining boom in 2008.
  3. Australian farmers had their best year in decades.
  4. Entrepreneurship is at record highs. New business registrations increased by 30% above pre-pandemic levels.
  5. Wages growth is starting to trend up with RBA forecasting 3% over the next two years.

So what does the new year 2022 look like for us?

The RBA and most major economic indicators are pointing towards strong economic growth which is expected to hit its fastest rate in 25 years with an average growth for the calendar year of 5 per cent.

Whether you are buying more shares, a property and perhaps starting a business.

Have a great prosperous New Year 2022 from all of us at Gobbill!

One in four Australian homes now worth more than $1m with house prices tipped to fall in 2023 by CBA and ANZ banks.

November 23rd, 2021 Posted by Lifestyle, Property 0 thoughts on “One in four Australian homes now worth more than $1m with house prices tipped to fall in 2023 by CBA and ANZ banks.”

ANZ senior economists Felicity Emmett and Adelaide Timbrell now expect capital city prices to rise 6 per cent in 2022 and then fall 4 per cent in 2023, due to rising fixed mortgage rates, more supply on the market and buyers unable to afford more increases.

CBA says that Australia’s “red hot” property market has started to cool, with prices to peak next year and sink 10% in 2023 as higher borrowing costs and “natural fatigue” set in, the nation’s largest mortgage lender predicts.

Read more The Age

Read more The Guardian