SAVING FOR DEPOSIT IS NOW TAKING 17 YEARS
BY THE TIME YOU HAVE SAVED UP THE PRICES HAVE JUMPED SO IT IS ALMOST IMPOSSIBLE TO GET INTO THE HOUSING MARKET UNLESS YOU GET HELP FROM WHAT IS NOW COLLOQUIALLY KNOWN AS MUM AND DAD BANK.
HERE IS THE LATEST NEWS ON DEPOSIT.
Many Australians are facing a long-term cost-of-living crisis.
Thanks to inflation and incremental interest rate rises, more than half are reportedly only just making ends meet – or actually failing to do so.
It’s also getting harder and harder for many of us to pay for essentials like food, bills, rents and mortgages. This level of financial stress is similar to what was reported during the pandemic – with 57 per cent of people struggling in 2020 and 55 per cent in 2021.
So, which groups of Australians are now finding it almost impossible to pay for necessities? And how can we encourage greater financial security?
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Australians on the lowest incomes are being priced out of renting in essentially every corner of the country as prices soared by 47 per cent, a new report has found.
Everybody’s Home Priced Out 2024 report showed the average rent for a unit rose from $372 per week in March 2020 to $547 in September this year in Australia’s capital cities.
As a result, low income earners, defined as households living off Centrelink payments or a minimum wage income, are spending a greater percentage of their income on rent.
Business Support: Starting and running a business comes with numerous challenges. Our team of experienced advisors is here to offer ongoing support and guidance, ensuring you have the resources and knowledge needed to overcome obstacles and achieve your goals.
NDIS Consulting: If your business is in the disability sector, we specialize in Disability consulting services to help you navigate the intricacies of this critical program. Our expertise will enable you to effectively provide essential services to individuals with disabilities.
Process Optimization: We believe that efficiency is the cornerstone of a successful business. Our team will work closely with you to assess your processes and identify areas for improvement, ensuring that your operations are as efficient and cost-effective as possible.
At PlanSmart Solutions, we are committed to your success. With our expertise and dedication, we’ll help you not only navigate the complexities of business ownership but also thrive in your chosen industry. Your journey to a smarter, more prosperous business begins with us. Contact us today to take the first step towards a brighter business future.
The rental market in Australia is currently in a state of crisis, with soaring prices and a lack of affordable housing causing significant distress for many individuals and families.
The Australian Housing and Urban Research Institute reports that the supply of affordable rental properties for low-income households has declined markedly over the past decade, exacerbating socioeconomic inequality.
As rental prices surge, those on lower incomes are disproportionately affected, often having to allocate a larger portion of their income towards rent or, in worst-case scenarios, facing homelessness.
Business Support: Starting and running a business comes with numerous challenges. Our team of experienced advisors is here to offer ongoing support and guidance, ensuring you have the resources and knowledge needed to overcome obstacles and achieve your goals.
NDIS Consulting: If your business is in the disability sector, we specialize in Disability consulting services to help you navigate the intricacies of this critical program. Our expertise will enable you to effectively provide essential services to individuals with disabilities.
Process Optimization: We believe that efficiency is the cornerstone of a successful business. Our team will work closely with you to assess your processes and identify areas for improvement, ensuring that your operations are as efficient and cost-effective as possible.
At PlanSmart Solutions, we are committed to your success. With our expertise and dedication, we’ll help you not only navigate the complexities of business ownership but also thrive in your chosen industry. Your journey to a smarter, more prosperous business begins with us. Contact us today to take the first step towards a brighter business future.
A Horror Warning has been sent out for one-in-three Australians who are about to fork out a significant amount more money.
The grim news continues for the one-in-three Australians who rents a home after new analysis revealed that rents will jump a staggering 10 per cent more this year – the highest level since the GFC – and will continue to rise by extraordinary levels into 2026.
Analysis from investment group Jarden shows how the cost of living crisis will continue to hit the one third of Australians who rent, with rental price growth expected to soar beyond its current 15-year high of 7.8 per cent.
It has examined rental inflation in Australia and found it is already running at 10 per cent higher this year – a figure not seen since the GFC in 2008 – and will jump by 8 per cent in 2025. Rents are expected to continue to rise above 6 per cent into 2026 too.
Business Support: Starting and running a business comes with numerous challenges. Our team of experienced advisors is here to offer ongoing support and guidance, ensuring you have the resources and knowledge needed to overcome obstacles and achieve your goals.
NDIS Consulting: If your business is in the disability sector, we specialize in Disability consulting services to help you navigate the intricacies of this critical program. Our expertise will enable you to effectively provide essential services to individuals with disabilities.
Process Optimization: We believe that efficiency is the cornerstone of a successful business. Our team will work closely with you to assess your processes and identify areas for improvement, ensuring that your operations are as efficient and cost-effective as possible.
At PlanSmart Solutions, we are committed to your success. With our expertise and dedication, we’ll help you not only navigate the complexities of business ownership but also thrive in your chosen industry. Your journey to a smarter, more prosperous business begins with us. Contact us today to take the first step towards a brighter business future.
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