Property Boom Fuels Surge in Aussie Millionaires
A record-high wave of Australian millionaires is being propelled by soaring property values, making home ownership the central engine of wealth building. The average dwelling price recently topped AUD 1 million nationwide, driven by escalating values across capital cities and regional markets alike. Property now makes up roughly 75% of household wealth, but many are “asset-rich and cash-poor” due to illiquidity.
This boom underscores growing wealth inequality and the challenges faced by first‑home buyers amid supply shortages, tax settings, and rising inheritance flows.

#auspop #ponzischeme #ausproperty #negativegearing #inequality #taxtherich

https://www.abc.net.au/news/2025-08-04/property-boom-fuels-surge-in-aussie-millionaires-to-global-high/105589352

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#JohnPaulYoung #AusPop #ItsAirborne #LoveIsInTheAir

It's time for #IAQ regs.

https://www.youtube.com/watch?v=NNC0kIzM1Fo

#AusPol #UKPol #England #DidTheGovernmentFallLastNight #Australia #LittleHeroes #AusPop #AusMusic #OnePerfectDay

Morning has swept across the #Antipodes. #TheLuckyCountry (for some, for some) has found stable, if largely mediocre, politicians to lead it and a grab-bag of, too largely, ratbags to form #TheOpposition. With this setup we're likely to increase fossil fuel outputs into the second half of this century.

And how is #MotherEngland doing?

https://www.youtube.com/watch?v=1nUFseaHtfs