Money

Generational divide – Only 13pc of Australians can buy a home

Published

2 years ago

September 2, 2023

A recent report from PropTrack, the analytics division of REA Group, has revealed that housing affordability in Australia has plummeted to its lowest level in at least three decades.

The study indicates that only 13 percent of Australians with average incomes can afford to purchase a home, with rising mortgage rates and soaring property prices cited as the primary culprits behind this concerning trend.

The comprehensive analysis conducted by PropTrack assessed housing affordability and accessibility across various income brackets, geographic locations, and age groups, highlighting the extent of the problem.

Regional Disparities in Housing Affordability

For prospective homebuyers in New South Wales, Victoria, and Tasmania, finding a property within their budget is proving increasingly challenging. In Tasmania, for instance, a typical-income household could only afford 5 percent of homes sold over the past year, marking the lowest rate of affordability in the nation.

First-time homebuyers and lower-income households are grappling with the situation, with the report indicating that many are facing difficulties in both mortgage repayment affordability and saving for the requisite 20 percent deposit.

PropTrack economist Paul Ryan emphasized the challenges faced by Tasmanian families, where mortgage repayments now account for a staggering 35 percent of household income, reaching a record high. He noted that while property prices in Tasmania have surged significantly and are approaching those in Victoria, incomes have not kept pace, contributing to the state’s worsening housing affordability crisis.

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

17 hours ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

20 hours ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

5 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker