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Income Needed for Mortgage – City by City

December 11th, 2015
Property prices vary widely across Australia, with homeowners needing to earn six figures in five capital cities just to feel comfortable paying the mortgage. After analysing home loan data across the country, Mortgage Choice has released a report comparing minimum repayment rates in each Australian capital. Unsurprisingly, Sydney is the most expensive place to live, with Hobart the most affordable. In separate data released by the Real Estate Institute of Australia (REIA) and Adelaide Bank, home loan affordability has extended further into "stressful" territory.

The report assumes that 30 percent or less of household income is spent on mortgage repayments. Sydney is the most expensive place to live in Australia, with people living in the New South Wales capital needing to earn at least $154,482 before tax just to pay the mortgage. Price data is based on the CoreLogic RP Data measured median house price of $840,000, with even more money needed within 20km of the CBD. Data for units was also released, with Sydneysiders needing to earn slightly less per year at $115,000 to pay off an average apartment.

Surprisingly, Melbourne is not the second most expensive plac [...]

Why Personalised Diets Are the Future

December 4th, 2015
A new study into personal nutrition has shed light onto the problematic world of dieting. Researchers from the Weizmann Institute of Science in Israel have found that people respond very differently to the exact same dietary intake. Everything we thought we knew about food could possibly be wrong, with the exact same foods affecting people in vastly different ways. With individual metabolism influencing us more than originally thought, personalised diet plans are likely to play a big role in the [...]

Living a Waste Free Life

November 27th, 2015

Human beings are throwing away more stuff than ever before. According to the World Bank’s report ‘What a Waste: A Global Review of Solid Waste Management’, people generate an average of 1.2kg of municipal solid waste per day. This amount is estimated to rise to 1.42kg by 2025, with annual global urban waste set to increase from 1.3 to 2.2 […]

Electronic Plants Created

November 20th, 2015

The realms of nature and technology are getting closer all the time, with scientists in Sweden managing to merge living plants with electronic circuits in an exciting new study. The creation of electronic plants heralds an entirely new field of research that will allow humans to benefit from the manipulation of nature’s unique and highly advanced systems. Possible implications of […]

State vs. State

November 16th, 2015

The latest ‘State of the States’ report has just been released by the Commonwealth Bank of Australia, with economic conditions analysed and compared across all states and territories. The report included economic indicators related to growth, retail spending, employment, investment, construction, and housing, with New South Wales retaining the top spot and Victoria coming in second. With a bigger gap […]

Interest Rates on Hold – For Now

November 13th, 2015

The Reserve Bank of Australia (RBA) left interest rates on hold in their latest announcement, with the record low of 2 percent set to continue for another month. With the economy continuing to strengthen and the property market just starting to slow down, the RBA were unwilling to move rates below the position they have been at since May. The […]

The Tiny House Revolution

November 6th, 2015

The tiny house movement is taking the world by storm, as more people decide to go minimal in order to avoid the unnecessary excesses of modern life. Beginning in 1997 with the publication of ‘The Not So Big House’ by Sarah Susanka, the tiny house movement is both an argument for simplicity and a reaction against material excess. The tiny […]

The Microbiome Inside Us All

October 30th, 2015

With so much attention given to personal mindfulness and individual health, it’s easy to forget about the bigger picture. For every cell in the human body there are 10 non-human cells, with the microbial residents of our bodies greatly affecting every aspect of our health and well-being. In order to reach your full potential in these stressful modern times, it’s […]

Levitation Becomes a Reality

October 23rd, 2015

A real-life sonic tractor beam has been developed in the United Kingdom, with this exciting breakthrough set to influence the worlds of technology and medicine over the next few decades. While acoustic levitation has been achieved before, previous efforts always involved surrounding the object with speakers. The use of a single-sided device to manipulate objects greatly extends the potential of […]

Future of Mining in Australia

October 19th, 2015

The future of the mining sector in Australia is uncertain, with a slowing China continuing to affect commodity prices along with an increasing drive towards renewables. While the future of the coal industry is likely to benefit from increasing demand in south-east Asia in coming years, an oversupply of key resources continues to influence both coal and iron ore prices. […]

Is Housing Supply On The Way Down?

October 16th, 2015

The relationship between supply and demand has always had a strong impact on property prices. With building approvals dropping below market expectations and demand for housing on the rise in Sydney and Melbourne, Australia may have already experienced a property peak. While building approvals have risen strongly since 2012 and new construction projects are on the cards for western Sydney, […]