Nearly one in four Australians worry about their finances daily, new research shows... Auction markets still running hot...
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Money worries plague 1 in 4 Aussies every day
New research has revealed that 24.2% of Australians worry about money on a daily basis.
The Mortgage Choice and Core Data’s Evolving Great Australian Dream whitepaper also found 24.4% worry about their finances weekly while a further 13.9% said they worry on a monthly basis.
“The finding that nearly a quarter of all Australians worry about their finances daily is a startling statistic,” Mortgage Choice chief executive officer John Flavell said.
“That said, with the cost of living increasing and wage growth stagnating, I am not surprised to hear that Australians are worrying about their money.
“The Australian Bureau of Statistics’ latest Wage Price Index found wages grew just 1.9% between the December 2015 quarter and the December 2016 quarter, which is incredibly low by long-term standards.
“And while wage growth is stagnating, property prices continue to rise, with data from CoreLogic showing property values across the combined capital cities have risen 11.7% over the 12 months to March 2017."
Auction markets still running hot
The number of auctions held over the week reached the second highest weekly level over the year to date, according to CoreLogic's Weekly Market Activity Update.
The amount of auction activity across the capital cities increased this week, up from 2,916 last week to 3,147 this week; the largest number of auctions since the last week of February 2017 when 3,301 auctions were held.
The week’s preliminary weighted average clearance rate across the combined capitals was 77.1%,up from 74.1% over the previous week and up from 70.9% one year ago.
New research has revealed that 24.2% of Australians worry about money on a daily basis.
The Mortgage Choice and Core Data’s Evolving Great Australian Dream whitepaper also found 24.4% worry about their finances weekly while a further 13.9% said they worry on a monthly basis.
“The finding that nearly a quarter of all Australians worry about their finances daily is a startling statistic,” Mortgage Choice chief executive officer John Flavell said.
“That said, with the cost of living increasing and wage growth stagnating, I am not surprised to hear that Australians are worrying about their money.
“The Australian Bureau of Statistics’ latest Wage Price Index found wages grew just 1.9% between the December 2015 quarter and the December 2016 quarter, which is incredibly low by long-term standards.
“And while wage growth is stagnating, property prices continue to rise, with data from CoreLogic showing property values across the combined capital cities have risen 11.7% over the 12 months to March 2017."
Auction markets still running hot
The number of auctions held over the week reached the second highest weekly level over the year to date, according to CoreLogic's Weekly Market Activity Update.
The amount of auction activity across the capital cities increased this week, up from 2,916 last week to 3,147 this week; the largest number of auctions since the last week of February 2017 when 3,301 auctions were held.
The week’s preliminary weighted average clearance rate across the combined capitals was 77.1%,up from 74.1% over the previous week and up from 70.9% one year ago.
