A recent report from the Australian Bureau of Statistics shows that today’s 24 to 39 year olds are far more likely to rent than their parents at the same age.
The level of renovation activity has slowed a little bit since the start of the year, driven by rising interest rates and difficulties in finding builders.
For the first time ever, there are now almost as many advertised vacant jobs as there are unemployed people and the unemployment rate continues to trend downwards.
Federal Labor introduced legislation last week that, if passed, would give older Australians a two-year exemption from the assets test for downsizing, allowing them more time to sort out their finances and move properties before their pensions are reduced.