Sydney and Melbourne Values Up as Gap Widens

August 8th, 2014
Property prices in Sydney and Melbourne are on the rise, with values in both capitals continuing to outpace the rest of the Australian market. Home prices were up 1.6 percent nationally in J uly according to figures from RP Data-Rismark, with a detailed review showing a disparity between state capitals. While few economists are predicting a housing bubble, the value gap between Sydney and Melbourne and other capitals is evidence of a growing two-speed market. Melbourne house prices rose 3.7 percent in July to a median price of $540,000, finishing 1.8 percent stronger for the quarter. ; Sydney prices were up 1.5 percent for the month to $650,000, ending the quarter 2 percent stronger. ; While monthly growth in Darwin was also strong at 2.8 percent, prices rose just 0.8 percent over the quarter to reach $515,000. ; Canberra was the only other capital to record positive monthly growth at 1.5 percent, with all other cities showing a decline. House prices were down 0.1 percent in Brisbane and Adelaide, with Perth falling 0.5 percent and Hobart down 0.6 percent. ; Even though prices continue to rise on a national basis, recent results highlight a two-speed market with a gap that…

Growth of the Sharing Economy

August 1st, 2014

The Internet continues to spawn new ways of making and saving money, as people look beyond traditional economic models and embrace the sharing economy. The Internet has long been used to share knowledge and information, and in the wake of the financial crisis, people are looking for new ways to share the financial burden as well. With platforms such as […]

Energy Foods and Drinks

July 25th, 2014

Everyone wants more energy, but sometimes it can be elusive. There are many reasons why we feel tired and drained, including lack of sleep, too much stress, and not enough exercise. According to many experts, however, poor nutrition is the number one culprit when it comes to sluggishness. If you need more energy to help deal with the rigours of […]

How Much Does Google Know About You

July 18th, 2014

From search engines and social networking through to shopping and media, the Internet has become our biggest window into the modern world. While the spirit of democracy, freedom, and neutrality run deep, online space has long been dominated by a few giant technology companies. Google are the biggest online name, offering a huge and comprehensive range of services, many of […]

Household Wealth Reaches All-Time High

July 11th, 2014

Individual household wealth in Australia is at an all-time high, despite high levels of household debt and unaffordable property by global standards. In fact, the surging property market is the main factor behind the new wealth figures, with Australian property recently listed among the most expensive in the world by the IMF. While high property prices continue to cause problems […]

Australian Property Third Highest Worldwide

July 4th, 2014

A recent International Monetary Fund (IMF) report has illustrated what many Aussies already know – Australian property is expensive. In fact, according to the latest IMF Global Housing Watch, A ustralia ranks as the third least affordable place in the world to buy a house, behind only Belgium and Canada. However, even though property prices are out of whack with […]

The Future of Music Consumption

June 27th, 2014

While styles and genres of music continue to shift, changing patterns of music consumption are having the biggest influence on the music industry. Computers and the Internet have totally changed the way millions of people listen to music in the 21st century, as distribution networks adapt to technology and the music industry struggles to keep up. As music streaming services […]

Spices for Health

June 20th, 2014

Everyone knows that spices can excite your taste buds, but few realise just how beneficial they can be for your health. Spices have been used around the world for centuries, and have become an integral part of our nutritional intake. Spices are composed of an impressive list of nutritional compounds, from essential oils, phyto-nutrients and antioxidants through to the basic […]

China’s Growing Cities

June 15th, 2014

The economic expansion of China continues to change the landscape, as the nation’s cities rise up and stretch out at breathtaking speed. The growth of China’s cities is the most concrete example of just how fast the nation is changing, with traditional centres booming and new urban environments developed to meet the needs of the growing population. With China’s new […]

Aussie Dollar Rising Again

June 13th, 2014

The Australian dollar is on the rise, edging higher once again thanks to positive business confidence figures and promising economic data from China. While technical levels and global conditions make it impossible to accurately predict future movements, some analysts are convinced the Aussie dollar will return to parity with the greenback later this year. The Australian dollar reached a four-week […]

Housing Affordability Improves

June 6th, 2014

Australian property prices have fallen for the first time in a year, with values dropping 1.9 percent in May on a month-by-month basis. However, while most capital cities recorded a decline in values , prices are still rising in some centres and auction clearance rates remain healthy in key markets. Only time will tell if we are witnessing the start […]