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22.08.26 - 05:42
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Wealth Exodus: Australians Flock To Property Investment Over Business (ZeroHedge)
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Wealth Exodus: Australians Flock To Property Investment Over Business
Authored by Rex Widerstrom via The Epoch Times,
Fewer Australians are putting their capital into businesses, with the drop most acute among the wealthy, new data from the Committee for Economic Development of Australia (CEDA) shows. Instead, more wealth is flowing into property.
A food delivery worker waits to collect an order at a shop in the Sydney CBD in Sydney, Australia, on Aug. 15, 2026. George Chan/Getty Images
The proportion of working-age Australians who run a business which employs people fell from 13.8 percent in 2002 to just 9.8 percent in 2022, according to the report called "Bricks, not Businesses."
Over the same period, the numbers of people who own at least one investment property went up by 8.1 percentage points.
That trend is even more pronounced among the wealthiest 20 percent of households, where the share of wealth tied to business fell from 11 percent in 2002 to 4.4 percent in 2022.
Meanwhile,...
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20.08.26 - 21:18
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CIG′s Rubenstein Expects Housing Rents to Keep Rising (Bloomberg)
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Clear Investment Group CEO Amy Rubenstein says apartment renting is more affordable than buying a house for now as construction costs keep on rising. She talks about the state of housing on Bloomberg Businessweek Daily. (Source: Bloomberg)...
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