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Australians who aren't rich have been slammed for being too comfortable with a lower level of wealth, as the economy rebounds from the Covid recession. The Australian Securities Exchange is on the verge of hitting a record high this week with the benchmark S&P/ASX200 on Monday morning reaching a 14-month high of 7,092.7 points. That means the share market is only 1.5 per cent below the all-time high of 7,197 points set in February 2020 a month before the Covid shutdowns, having surged 47 per cent during the past year.  CMC Markets chief market strategist Michael McCarthy said there was a 've...

Inner-ring suburbs are expected to outperform the outer suburbs in 2021 - provided the properties aren't home units. While regional areas proved popular last year, Metropole Property Strategists director Michael Yardney said houses in inner and middle-distance areas of Australia's big cities were likely to see price surges this year. 'Properties located in the inner and middle-ring suburbs, particularly in gentrifying locations, will outperform cheaper properties in the outer suburbs,' he said. 'The reason being, Covid-19 has adversely affected low-income earners to a greater extent than midd...

Suburbs where property prices are set to rise in 2021 - with a catch Stephen Johnson, Economics Reporter For Daily Mail Australia © Provided by Daily Mail MailOnline logo Inner-ring suburbs are expected to outperform the outer suburbs in 2021 - provided the properties aren't home units. While regional areas proved popular last year, Metropole Property Strategists director Michael Yardney said houses in inner and middle-distance areas of Australia's big cities were likely to see price surges this year. 'Properties located in the inner and middle-ring suburbs, particularly in...