For what it’s worth, a good streak doesn’t jinx you, and a bad one, unfortunately, does not mean better luck is in store.”
― Leonard Mlodinow, The Drunkard’s Walk: How Randomness Rules Our Lives
Australia’s population density has increased from 2.9 persons per square kilometre in 2010 to 3.3 in 2020.
During the COVID lockdowns, 41% of Australians were doing more around the house, such as gardening, projects and renovations.
46% of working Australians were based at home, with women more able to do so than men (56% compared to 38%).
Some 82% of Australians said they saved time, with less commuting and preparation; and 65% said their work/life balance was enhanced.
About 45% think the shift to working from home will be an enduring trend.
The median dwelling value for the combined regional areas was $397,791 in September 2020, 37.4% lower than the combined capital city median of $635,196.
In FY18, a record 66,193 people left Sydney to resettle in regional areas of NSW, Victoria or Queensland.
- Another 62,495 left in FY19
- For FY16, about 55,000 people left per year; and FY15 and FY14, the number was 48,000 per year
There was a similar trend in Melbourne, with a record 55,878 people departing in FY19, 54,055 in FY18 and 44,219 in FY17. In Brisbane, 51,420 left in FY19 – the highest number in a decade; 47,832 left in FY18 and 41,606 left in FY17.
The number of coffee shops in regional locations increased 16.4% in FY18 alone.
- Orange, 250km west of Sydney, now boasts 42 cafes
Latest figures show a 4.81% rise in the number of jobs in regional NSW compared to 5.15% growth in Sydney in FY17.
Jobs in regional Victoria increased by 4.11% compared to 5.08% in Melbourne.
There was faster jobs growth in regional Queensland at 3.82% compared to 3.76% in Brisbane.
According to a Knight Frank survey, 64% of expats around the world said the pandemic lockdown had influenced their decision to buy a property in their home country.
Search activity from overseas buyers on realestate.com.au surged by 42% between March and July 2020.
In 2019, Australia had the world’s biggest net inflow of high net worth individuals (HNWIs), with 12,000 arriving.
75% of all migrants settle in Melbourne and Sydney.
In FY19, China was Australia’s No. 1 source country for family migrants and No. 2 for skilled workers.
Home prices rose by 90% between January 2005 and March 2020 whilst average weekly earnings rose 65% between November 2004 and November 2019.
Australian parents are now the nation’s fifth-biggest home lender.
To end it all:
I tell the kids, somebody’s gotta win, somebody’s gotta lose. Just don’t fight about it. Just try to get better.