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After an initial period of extreme uncertainty, the rhetoric around the Australian property market appears to have shifted into a new phase in response to the ongoing coronavirus pandemic.

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On this episode of The nestegg Podcast, host Grace Ormsby is joined by the founder and CEO of Upside Realty, Adam Rigby, to delve into how COVID-19 has been affecting different demographics within the property sector, including renters, landlords, investors and retirees.

Adam touches on the pros and cons of potentially removing stamp duty, his predictions for marketplace trends over the coming months, and the importance of picking quality over timing when considering an investment.

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

You can keep up to date with what Upside Realty are up to HERE

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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A nation of cheap travellers

By Grace Ormsby · March 09 2020

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A nation of cheap travellers

By Grace Ormsby
March 09 2020

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A nation of cheap travellers

By Grace Ormsby · March 09 2020

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Nearly one in two Australians consider themselves to be thrifty travellers, but when they do spend money on holidays, a number of areas do stand out.

A new ING survey has found 47 per cent of Aussie travellers stick to a conservative travel budget and restrict unnecessary splurging when they do holiday.

But when they do spend money, the research revealed accommodation, cultural and historical experiences, and eating out to be the top three most important things Australians do choose to splurge on.

Half of respondents (50 per cent) agreed that off-peak travel and the visiting of less-touristy areas would also provide cost savings.

Nearly 30 per cent (29 per cent) of respondents also considered travel to more affordable destinations or “second cities” as a way to save more money.

ING has shown that there are eight priority areas where Australians do value spending money:

1. Accommodation (70 per cent)
2. Cultural or historical experiences (68 per cent)
3. Eating out (61 per cent)
4. Shopping (24 per cent)
5. Sporty activities (20 per cent)
6. Buying gifts for family and friends (20 per cent)
7. “Thrilling” activities (19 per cent)
8. Clubbing and nightlife (18 per cent)

Acknowledging that we are a nation looking to minimise money waste, even when we travel, ING head of retail Melanie Evans said Australians stick to budgets “that don’t allow for frivolous spending”.

She also commented that “when it comes to cutting back on holiday spending, one of the easiest ways is opting for a card that doesn’t charge unnecessary overseas fees”.

“It’s great to see a quarter (26 per cent) of Aussies are already using credit or debit cards that don’t charge international or ATM withdrawal fees,” she said.

“But there are still a number of Aussies who are burdened by carrying an excessive ‘travel wallet’ and being charged fees that could be avoided.”

The research also revealed that half of travellers (51 per cent) still carry a mixed wallet when travelling, incorporating cash, travel cards and debit cards.

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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.