Toorak is still home to Melbourne’s most cashed-up residents,but as working from home becomes more commonplace,incomes are rising in outer regions,including Mount Macedon.
Low interest rates have a flip side for those chasing good yield
While individual wealth has grown since the global financial crisis and men are still wealthier,on average,than women,the gap is not as wide.
For the first time ever,Australians are holding more debt than they are earning in income,as households battle to keep on top of rising costs.
The wealth of the average Australian household has surged past $1 million but low-income families have not seen any increase for more than a decade.
With interest rates at historic lows,there are ways for investors to diversify their income sources and generate improved yield.
Australia dodged the recession bullet that came with the GFC,but rising inequality hit us hard.
The underlying budget is in deep deficit,and its sustainability and,indeed,the sustainability of priority services is problematic.