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According to Professor Asha Rao, while many individuals don’t consider their data “important” enough to feel vulnerable to cyber security threats, it’s precisely that attitude that is preyed upon by cyber criminals.

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The associate dean of mathematical sciences at RMIT University joins host Grace Ormsby on this episode of The nestegg Podcast to discuss the recent cyber attacks affecting the Australian government, the importance of remaining vigilant around cyber security, and the common scams that people should be wary of.

Professor Rao explains how automated technology makes cyber crime more profitable, why the pandemic has increased our exposure risk to such threats, and what to do if you think you’ve compromised your cyber security.

Thanks Professor Rao, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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No need to rush: Property ladder not a priority

By Grace Ormsby

November 18 2019
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Invest

No need to rush: Property ladder not a priority

By Grace Ormsby
November 18 2019

The delay in the uptake of property ownership by young Australians is less about affordability issues and more about longer lifespans, a new report has indicated.

No need to rush: Property ladder not a priority

By Grace Ormsby

November 18 2019
Share

The delay in the uptake of property ownership by young Australians is less about affordability issues and more about longer lifespans, a new report has indicated.

The report, from the ARC Centre of Excellence in Population Ageing Research (CEPAR), has investigated the links between home ownership and Australia’s ageing population.

It found that delays in home purchase are broadly consistent with other social and demographic trends.

Noting that younger people are less likely to commit to buying a home than they were in the past, the report’s lead author, Rafal Chomik, said it “makes sense, given that lives have become longer and people are settling down at older ages”.

The CEPAR senior research fellow from UNSW Sydney said, “To give some examples, over the past 50 years the median age of home purchase has increased by six years, from age 27 to 33.”

“Over the same period, the median age of getting a first job has increased by two years; finishing education has been delayed by five years; having a child has been delayed by seven years; and getting married is now taking place eight years later.”

“In fact, the median age at death is now 12 years later, adding scope for people to catch up and purchase a house later in life,” he continued.

“This is not to say that affordability and access to housing finance are not important,” Mr Chomik highlighted.

“But the trend towards home purchase delay takes on a new complexion when placed in a broader demographic context.”

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.