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

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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.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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Blockchain sparks a transformative influence in Australia

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Professor unveils blockchain’s role in transforming the economy and innovative projects taking place at RMIT University.

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, BTC Markets CEO Caroline Bowler interviews Professor Chris Berg, Director of RMIT Digital3 and Co-Founder of the Blockchain Innovation Hub at RMIT University. They discuss RMIT’s cutting-edge projects and the transformative impact of blockchain technology in Australia.

Professor Berg shares insights into RMIT’s Digital3 philosophy, which combines research, innovation, and collaboration to drive the digital economy. Learn about groundbreaking initiatives in blockchain, cyber security, and AI, and how these disruptive technologies are reshaping business, government, and society.

Discover how RMIT is leading the charge in rethinking and regenerating the way we work through world-class research and tailored education, offering a glimpse into the future of technology and its potential to benefit both the economy and society. #crypto corner

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From $25K to $1.5M in real estate: expert unveils game-changing strategy for investors

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Empower your property investing with these key tips

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Dean Fraser, Founder and CEO of BrickFloor. #trending #wyld money

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